Buyer has an accepted offer conditional on the following 3 conditions: 1) Inspection, 2) Mortgage Financing, and 3) Environmental Assessment. With the first 2 conditions the Buyer submits an amendment …
Title Searches: Yes or No
I am trying to determine whether the failure to conduct a title search amounts to negligence on the part of an agent. The law is always changing, and I know …
Time is of the Essence
The Ontario Court of Appeal just released a decision on 3 January 2024 dealing with the late payment of the funds on closing. Payment was due at 3:00 pm. At …
Consideration and Seals
In order to have a contract, you need either consideration or seals, one or the other, not both. For standard OREA Agreements, we have both. Consideration is a “promise for …
TRESA: Competing Offers Website
When you are acting for a Seller and there are several competing Offers, you are under an obligation to disclose the number and certain other matters concerning those Offers. If …
TRESA: Mandatory Disclosures for Competing Offers
Under TRESA, we have the same mandatory disclosures in respect to competing offers. NUMBER No significant changes here. The number is still the number. If an Offer expires, it is …