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 …
Land Transfer Tax on Leased Land
Question: Does a buyer have to pay land transfer tax on a modular home sitting on a land leased property? Answer: Depends upon how long the lease is. If the …
POTL Listings
What about listing a Parcel of Tied Land Condo homes in Ontario? Do you think a detached home that is a parcel of tied land condo should be listed as …
Is a Survey Needed?
Question: My client in Oshawa would like to see if there is a survey for her house (she doesn’t have one). Would the city have something like this? Or does …
Water in the Basement
Question: What about water in a basement of a 100 year old plus rural property? The foundation is actually made of rocks. The floor originally dirt was covered with concrete …
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 ______________________________ …
Acknowledgement Section
Question: Are you looking for it from the other side? Answer: Yes, of course you are! You need it for two reasons: 2. To enable you to give appropriate notices …