Contract Start Time

Question: Precisely, when does a contract start to run? When does the clause time actually start? Assume an offer is going on via fax. The Seller is in a different …

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 …