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 …
ntoxicated Agent
Question: It has come to my attention that there are realtors who are alcoholics. If you suspect a realtor of being drunk while signing a deal what are the legal …
Limit the Liability on the Purchaser
We previously looked at a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million …
Limit Liability for Husband and Wife as Buyers
We have a very straightforward situation. The husband and wife are trade up Buyers. They wish to sell their $1 million dollar property and buy a $2 million dollar property. …
Seller Sues on Two Transactions
The Seller will sue the defaulting Buyer both on the sale and on the purchase. Why should the Buyer get stuck with damages on the second deal? Wasn’t that the …