This would seemingly be a rather straightforward and simple question. Let’s look at it carefully. A registered real estate practitioner in Ontario is about to put in an Offer, but, …
30 Rules Relating to Deposits
Deposit Issues A deposit is not required to make a contract enforceable A deposit is a sign of good faith All deposits are non-refundable A refundable deposit must be specified …
Does the Agent Have to Disclose a Severance Condition?
This is a somewhat unique case. An owner severed their exiting lot into two parcels. As a condition of the severance, the municipality imposed two conditions upon the building to …
Disclosure of Unnatural Deaths and Stigmas (Buyer’s Protection)
It is not uncommon for and elderly person to live alone in their home. When they “go missing” for a few days, then the inquiry begins. It is directed to …
Lot Mix Up – Survey is the Answer
Let me tell you about a very interesting situation. Bob the Builder purchased 10 lots on a street. One half the street or lots 1 through 5 backed onto a …
Death of a Joint Tenant in Ontario
Question: If two people own a home, person A has power of attorney over person B, Person A signs all documentation as POA during sale and Person B dies before …
Corporation’s Right to Evict for Personal Use
Question: The Tenant pays rent to a corporation the registered owner of a house. Can the person who bought the house under the name of the corporation give the tenant …
Contract Acceptance Requires a Pen and a Phone
Contract Acceptance Requires a Pen and a Phone When we are considering the acceptance of an Offer, there are two steps: Signing the document, and Communicating with the other side. …
Suing for the Unpaid Deposit
Bob submits an Offer on Bill’s property for $890,000 with a $50,000.00 deposit, which Bill accepts. One little problem: Bob fails to pay the deposit. The Offer said “upon acceptance”, …
Cross-out the Waiver Option in a Financing Condition (Best Practices)
There are many real estate practitioners who seem to think that the Notice of Fulfillment Form and the Waiver Form are quite different. Let’s look at an example. Financing Clause …