SPIS and the Entire Agreement Clause

In 2007, the purchasers Adam and Olga Soboczynski bought a house in London, Ontario from Don and Louise Beauchamp. They had owned the house since 2001 and had not experienced …

Two Reasons for the Deposit

There are actually two basic reasons for a deposit in a real estate transaction: 1)     to constitute security for payment, and 2)     to establish a pre-estimate of the damages in …

Condominium Ownership Explained

A condominium is a parcel of real estate. It is one single unit of a condominium corporation. In effect, it is one method of common ownership with others of a …

Good Title Clause

Assuming that you wish to bargain for “good title with the regular noted exceptions”, and move away from the obligation to accept “title insurance”, then here’s a clause for your …

Bargain for “Good Title”

Most common law jurisdiction bargain for “good title”, subject to some exceptions. In Ontario, the standard Form OREA Agreement of Purchase and Sale goes one step further. It lowers the …

Is an Agreement Valid without a Witness?

A problem frequently arises in real estate transactions when people say they witness signatures, but they don’t. In Ontario, there are only three legal documents which require witnesses: 1)     Domestic …