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 …
Do You have to Close on a Hoarder’s House?
Well, if they have moved everything out, then you do; but what are your rights if they still have piles of junk left behind? To some extent, the answer depends …
History of Signing Documents under Seal
Is a seal required for a real estate deal? A common question that arises in respect to real estate transactions. Here is a little bit of history about the use of …
Defects in Real Property and Related Disclosure Issues
The question relating to the obligation to disclose is one which arises constantly, and applies to every real estate sale. What are the disclosure obligations? The matter of patent and …
Termination of Utilities Clause where Building Permit Is Required
In Toronto’s hot real estate market some people are looking for lots not buildings. But, there are no lots, just properties in decent locations with old buildings upon them. So, …
The Meaning of “Acceptance” in Real Estate Transactions
For some strange reason, the meaning of “acceptance” in real estate transactions is not well understood. Since you can’t have a contract without it, you would think that there would …
The Role of a Business Broker
By Brian Madigan LL.B. A business broker is regulated in Ontario under the same legislation that applies to real estate agents, namely the Real Estate and Business Brokers Act, 2002. …
Counter Offer Form ~ Amendments
There is a standard form Counter Offer form which has been drawn up for use in Ontario. There are some small issues which should be addressed if you propose to …
Confirmation of Acceptance is Troublesome
The current version of the standard form Agreement of Purchase and Sale by the Ontario Real Estate Association (OREA) includes a “Confirmation of Acceptance. This statement appears below the signature …
Confirmation of Execution has been Replaced
If you look back to the previous version of the OREA standard form Agreement of Purchase and Sale, you will find a Confirmation of Execution. It followed the signature line …