Disclosure: Vendor (agent) omits to disclose faulty septic and french drain This is another case involving the improper completion of a Property Condition Disclosure Statement and the remedies that are available afterwards. …
SPIS ~ Cole and Vankoughnett
Poor Municipal Sewer System, Water Collection Disclosure This case involves representations and remedies available for improper completion of the Seller Property Information Statement (SPIS). The purchasers brought an action in Small Claims …
SPIS ~ Bond and Richardson
Deferred Taxes due if Use Changes This is a case in the province of New Brunswick involving the use of the Property Condition Statement and the liability of the agent who assisted …
Deposit Clause with Automatic Forfeiture Provision
Here’s an interesting clause found among some Schedule B’s: “Once this Agreement becomes unconditional, should the Buyer fail to complete this agreement on the completion date, at no fault of the …
Unnecessary Deposit Clause in Schedule “B”
Here’s a mandatory schedule “B” that states: “The Buyer (s) acknowledges that by execution of this Agreement of Purchase and Sale, they are creating a binding Agreement, whether or not …
SPIS ~ Kaufmann and Gibson
Disclosue: ice damming This is a case involving the improper completion of the Seller Property Information Statement by the vendors. The Kaufmanns resided in London Ontario and acquired their residence …
SPIS ~ Riley and Langfield
Disclosure: Real estate agents are not simply tour guides This is another interesting Seller Property Information Statement (SPIS) case.The purchasers sought to recover damages in the Superior Court of Justice of Ontario …
SPIS ~ Alevizos and Nirula
Disclosure This is another Property Condition Disclosure Statement case. This case came before the Manitoba Court of Appeal for consideration in 2003. It is one the highest Courts to discuss this document, …
Unfair Business Practices
Consumer Protection Act The Business Practices Act was a very good piece of legislation, but not too many people knew about it, so in 2007 the Ontario Government replaced it …
Accept whatever Deficiencies Show Up
Question: I am trying to strike a balance between “good working order no matter what” and keeping a buyer honest who learns about a deficiency during an inspection, keeps quiet …