Question: Interesting clause, any issues? “The seller agrees to allow the buyer to add or remove one or more names as buyer to this transaction through an amendment to the …
Automatic Release of Deposit Clause
Question: This is a Clause contained in a Schedule B to be added to the Agreement of Purchase and Sale. Is it enforceable etc? RELEASE OF DEPOSIT: Once this Agreement …
Dishwasher: A Little on the Loud Side
Question: The house has been sold firm and there is no inspection condition. On the final walk thru the buyers start the dishwasher and now saying “it’s making a loud …
Buyer Switch
Question: I just received an Offer on my listing: “The seller agrees to allow the buyer to add or remove one or more names as buyer to this transaction through …
Entire Agreement Clause in Contracts
The entire agreement clause is a standard provision included in many commercial contracts. Here is an example of wording for an entire agreement clause in an Agreement: “This Agreement contains …
Entire Agreement Clause
The entire agreement clause is an important aspect of an Ontario real estate offer. It is a clause that appears in most real estate agreements and serves to define the …
Improper Use of Home Inspection Clause
Question: Who uses a home inspection as a negotiating tool? Doing a deal, great offer, accepted, but now agent says he always tells his clients to make the offer,but then …
Transparency under TRESA
TRESA now permits a Seller’s representative to share content, some content, or a little bit of content with all other bidders whether the Buyer consents or not, just not identifying …
Sharing Offer Content under TRESA
This is the explanation from RECO: “Content of competing offers A change most of you will have heard about relates to sharing the content of competing offers. Though the change …
Acknowledgement and Notices Tied Together
Acknowledgement Section: “I acknowledge receipt of my signed copy of this accepted Agreement of Purchase and Sale and I authorize the Brokerage to forward a copy to my lawyer ______________________________ …