First of all, there is a Second Requisition date. For some reason, not everyone truly appreciated this fact. The date that is inserted is for the title search. Then, there’s …
Asbestos Presence
(Ontario) Question: What happens if the seller and their agent have said that to the best of their knowledge, asbestos is not present in a home and after the deal …
Flood Plain: A Plus or Minus
Question: In terms of agents’ duties and obligations, who is responsible for finding out if a property is in a flood plain? Is it the listing agent’s responsibility and is …
Subdivision Development: Coming Soon
Who has to tell? Question If a Seller did not disclose that a forested area behind their house was being turned into a subdivision will this count as not disclosing …
Additional Parties on an Agreement
Question: Is there ever a downside to accepting additional parties as part of an Agreement? I’m talking about extra Buyers. I know that sometimes they are needed in order to …
Accepting the Signback in Ontario
Question: Your Buyer – Offer written with an irrevocable of 6pm yesterday. Seller not available on the road, time expires. Signed back today at a price your buyer is wanting …
Understanding “Absolute Discretion” in Ontario
Question: What does absolute discretion for a Buyer really mean? Can a Buyer walk away from a deal over a GFI plug? Answer: How do you deal with the issue …
Late Delivery of Deposit
Question: If a buyer brings deposit for the property after 24 hours of offer acceptance; does the purchase and sale agreement need to be amended for the deposit time? Answer: …
Better Grow Op Clauses
Recently, the Ontario Court of Appeal in Beatty v. Wei dealt with the standard form OREA Grow House clause and concluded that it was insufficient to protect the Buyer. The …
Is a Deposit Consideration for a Contract?
This question keeps coming up, so let’s have a look at it. There are a few things to consider when we are talking about a contract. First of all, you …