Ontario Question: Do I need an Offer for a Lease? If I just use the Government Lease Form, there’s no irrevocable. Answer: The Offer is actually unnecessary. Why tie things …
Late Notification of Disclosure
Question: Sold a property last night. Once the deal is signed buyer agent tells me. “Oh yaaaa can you sign this disclosure, my wife is the buyer”? Is this legal …
Deposits (late delivery)
Question: What happens if the deposit is not delivered “in time”? Answer: If the contract says “upon acceptance”, then a deposit which arrives in 24 hours is late by one …
Deposit Sufficiency in Ontario
Question: How large should the deposit be? Answer: The deposit is a pre-estimate by the parties of the minimum liquidated damages that will be suffered by a Seller in the …
Latent and Patent Defects, and Material Facts
The matter of patent and latent defects falls under the law of real property and the issue of disclosure. A Patent defect is clear, apparent, observable and not hidden from view. A Latent …
Commission Reduction Requests
Question: Have you ever specified commission amounts in a listing agreement to account for a scenario where a buyer is represented by a lawyer, not a co-operating brokerage? In this …