The time for planning is before you start. Let’s assume that the expenses for the renovation project will be $50,000.00 and you expect to make $100,000.00 on top of that. …
Mutual Driveways
(Ontario) Question: How can I be sure that there is a Mutual Driveway, or driveways access? Answer: Be sure to check the Survey. You have to be careful. It’s been …
Just Because the Basement Leaks Doesn’t Mean that You Can Sue
Jalin Thomas purchased a property in Kitchener, Ontario from Alma Raynard. Following the closing, it turned out that the basement leaked. Thomas advanced several theories for the recovery of damages: …
Liability for an Unexpected Trip and Fall
Question: Your current sellers go to an open house (without you). They go to the basement and the husband trips down the stairs – misses three stairs and blows out …
Contamination or Not: You Bought it, You’re Stuck
The Purchaser acquired a property in Etobicoke which was zoned and used for industrial purposes. The purchaser, in fact, owned a property nearby, so he was quite familiar with the …
Multiple Representation with Two Buyers
(Ontario) Question: You have 2 buyers who want to put an offer on the same property. It is another brokerage’s listing. The buyer agent has to tell both of his …
Be Careful with the Legal Description
Northfield as Vendor sold a parcel of property to North American on 12 June 2007. The parcel comprising 7.31 acres was located at the southwest corner of an intersection in …
Additional Non-Refundable Sum for the Extension
What happens if the Buyer needs an extension. The Seller is willing to accommodate, however, it will certainly cost him real money. Consider using this clause: “The Buyer agrees to …
The Complications of the Second Client
The timing issue comes into play, when you have two parties both under contract at the same time. If you get a Listing for Sam’s property, you can show it …
Postponement Privilege
(Ontario) Question: I could not understand the Postponement Privilege . Answer: Someone advances a second mortgage. It’s supposed to be in second position. This particular privilege permits the Owner to refinance …