Would like to buy some real estate! In particular, are you thinking about buying a house. Let’s summarize the principal financial advantages: 1) use of rental income2) use of leverage3) …
Joint Tenancy ~ a Poor Man’s Will
Question: I am concerned about my mother. Ten years ago, she married a man who now seems to be in ill health. He has operated his own business for over …
Joint Tenancy Thwarts Bankruptcy
Joint Tenancy Thwarts Bankruptcy Ontario Real Estate Source By Brian Madigan LL.B. Having property registered in joint tenancy actually worked quite favourably. A doctor acquired a matrimonial home and placed …
Joint Tenancy Does not offer Creditor Protection
By Brian Madigan LL.B. We looked at a case where a joint interest in a matrimonial home effectively thwarted bankruptcy. But, that was a peculiar case. In Re: Cameron, it …
Estate Issues with Joint Tenancy
While there are some advantages to joint tenancy, there are also some problems. The primary advantage is the ease of administration of a deceased’s estate. It is simple and uncomplicated, …
Do You have to Close on a Hoarder’s House?
Well, if they have moved everything out, then you do; but what are your rights if they still have piles of junk left behind? To some extent, the answer depends …
History of Signing Documents under Seal
Is a seal required for a real estate deal? A common question that arises in respect to real estate transactions. Here is a little bit of history about the use of …
Detached or Semi-detached?
By Brian Madigan LL.B. This is an interesting question. The property quite clearly had been the west side of a semi-detached pair of buildings. So, what happens now that …
Misuse of Blank and Undated Documents
By Brian Madigan LL.B. The real estate agent in this case misused the documentation that has been drafted and made available by the Ontario Real Estate Association (OREA). The agent …
Defects in Real Property and Related Disclosure Issues
The question relating to the obligation to disclose is one which arises constantly, and applies to every real estate sale. What are the disclosure obligations? The matter of patent and …