Ontario Question: House is in husband’s name and wife has consented to the listing. When we receive an offer can husband negotiate back and forth and then wife signs spousal …
Minor or Major Easements
(Ontario) Question: Are there any criteria to decide what kind of easement to allow the buyer to terminate the agreement? If they are related to the government, then the buyers …
Disclosure of Water Leak in the Basement
(Ontario) Question: The deal has closed and no one knew about the water leak in the basement. The neighbor says that it was a problem for years. Did the Seller …
Bank’s Refusal to Permit Additional Registered Owners
(Ontario) Question: Why does the Bank refuse a second person on Title? A is approved, but they won’t let B, the spouse on title because of credit concerns. Answer: You …
Signatures and Initials
Ontario Question: I have a client who timed out while signing under an electronic software program and now he’s unable to sign and it only lets him initial. I’ve tried …
Producing Form 801
Ontario Question: Can a listing agent refuse to provide the 801 form to Buyer’s agents in multiple offers? Answer: Yes. The only person who can demand it is RECO. So …
FLA Supersedes Joint Tenancy
(Ontario) Question: One of the questions in the practice test asks if Jim and Dan are joint tenants of a property, Dan is living overseas and Jim and wife live …
Assignment Clause
(Ontario) Question: In regards to the assignment clause below, would this clause be added to the Agreement of Purchase and Sale between the assignor and the assignee? The Buyer acknowledges …
The Mitigation Timeline
The Superior Court of Ontario released a decision dealing with the facts in a case where a Buyer defaulted on the purchase of a property, and the Seller resold at …
Peculiar Deposit Clause in Schedule “B”
From time to time, Brokerages will draft up their own, individual clauses, presumably for the benefit of the Seller clients and post them in their Schedule “B”. Naturally, it’s important …