Right now, the market prices are headed down. For how long, we don’t know! March 2021, the property was worth $1.5 million. It was then sold in March 2022 for …
Retaining Wall Collapsing at the Rear of the Yard
(Ontario) Question: House is for sale with deteriorating retaining wall. It’s an Estate sale. Executors do not know if wall is on the property. There is no survey. Nothing is …
Holdovers, the Purpose and Practicality
Question: Holdovers, do they really protect us? Sellers were under contract and backed out of a conditional deal they didn’t want to agree to terms of the deal. Listing terminated. …
Joint Tenancy Severance and Death
If one joint tenant (A) out of three (A, B and C) sells his share to X, then X becomes tenants in common with joint tenants B and C. Now …
Retaining Wall Falling Down
(Ontario) Question: How do you deal with a property with a falling down retaining wall between properties? The Sellers agent knows nothing. The higher property (The neighbours) has a retaining …
Multiple Wills
How Many Wills Do You Need? The answer is probably two. That may come as a surprise to many, but this is an estate planning technique which is helpful in …
Central Vacuum System: Chattel/Fixture
(Ontario) Question: If there is nothing in the agreement, is a central vacuum system included in the sale and what about the accessories? Answer: Ordinarily, the central vacuum system is …
Condo Parking Space Sold: Tax Implications
(Ontario) Question: My client has just sold their parking space. What happens about the tax? Answer: If the parking space was acquired initially with the unit, and the unit was …
Registration of Agreement of Purchase and Sale
(Ontario) Question: The Sellers have refused to cooperate and move out as scheduled. Is it possible to register the Agreement of Purchase and Sale on title to prevent them from …
Lawyer’s Review Clause
Business Terms Question: Does the Lawyer’s review clause provide a free walk? Answer: No, the lawyer’s review clause doesn’t provide a free walk. There still needs to be something of …