Let’s assume that Bob, the Listing Agent is acting for Mary in respect to the sale of her house. Bob hosts an Open House and Fred and Wilma attend. They …
Cost Plus Arrangements Allowed for Real Estate Deals
One of the issues of concern to the real estate profession has been the restriction to charge either a fixed amount or a percentage of the sale price. The difficulty …
Managing the Contingency Fee in a Lawsuit
Real Estate Lawsuits and Contingency Fees Lawyers often charge 15% to 35% fees computed on the total settlement of a client’s claim. This is the “if you don’t win, you …
Derogatory Comments about Lawyers
Question: Is it a RECO violation for an Agent to make written derogatory comments against a client’s lawyer? Or is it just you can’t make derogatory comments against a fellow …
Deposit Cheque Delivery and Return
Question: The Buyer signs an offer on 4 March, 2022 at 10.00 am which includes the deposit cheque “herewith”. The irrevocable date is 10 March, 2022 at 6.00 pm. If …
Deposit not Delivered: REMEDIES
Question: An Offer is accepted, the deposit clause in the agreement states that the Buyer will bring deposit on “Saturday April X, 2020”. The Buyer doesn’t bring deposit… Is the …
Does a Commercial Tenant have the Right to Assign the Lease?
Ontario Most people seem to know that commercial landlords are tougher and often don’t want to agree. The right to assign a lease is provided to residential tenants under the …
Contract Start Time
when? Question: Precisely, when does a contract start to run? When does the clause time actually start? Assume an offer is going on via fax. The Seller is in a …
Add Party and Amend Deposit Clause
Adding another Buyer by Amendment in Ontario From time to time only one of the prospective Buyers is able to execute the Agreement. For the purposes of mortgage financing, the …
Document Presentation Order
Is there a proper sequence of presentation of documents leading up to an offer presentation? Here is a reasonable order: Step 1 In advance, and not at the time of …