Question: A house that had 8 inch vinyl tiles and it was presumed to have contained Asbestos. Based on the time period, the house was built in the early 60’s. …
Cleaning the Unit before Sale
Question: Can anything be done if a Seller and their agent refuses to clean a unit before closing? Answer: Certainly, it would be very nice if the Seller cleaned up …
Water Seepage with Closing Approaching
Question: Seller calls and say that there is slight water seepage in their unit from another unit on upper floors just few weeks prior to closing. The damage “might” be …
Pursue Various Avenues for Financing
Question: Can a Mutual Release be sent before the deposit cheque is given in? Offer is conditional on mortgage financing. This is the day after acceptance and deposit cheque is …
Vendor Take Back Mortgages (Risks)
Question: I am a Listing agent and was I was asked about a Vendor –take-back mortgage (VTB) by a Buyer’s agent . Have t done one of those in eons. …
As is, where is”: The Supreme Court of Canada
The Supreme Court of Canada used the following language when discussing “as is, where is”. It applies at the time, unless you say otherwise. The Honourable Mr. Justice Dickson J. …
“As is, where is” Transactions
“As is, where is” is a term often used in real estate transactions. It signifies the condition in which a property is being sold, implying that the property is being …
“As Is” and “Where Is” Expansion
For those of you who are not quite sure what this means, here’s an expanded explanation in a commercial Offer: “Purchaser’s Acknowledgements 10 (a) “As Is” and “Where Is”: The …
“As Is, Where Is” Explained
“As is, where is” is a rather strange expression. I understand the “as is” part, that means the condition of the object of the agreement. It will not change before …
Deposit Delivery: Buyer Becomes Ill
Question: Seller just accepted an offer on Friday night (of a long weekend). The Buyer’s agent texted me this morning saying his client hurt her leg on the stairs and …