In Ontario, there is a land transfer tax which is imposed when transfers of land take place. A key concept is the actual transfer of land. So, the registration of …
Mortgage Fraud and Oklahoma Offers
What is an Oklahoma Offer! Actually, it’s a simple form of real estate fraud. There are variations depending upon how many parties are involved and who is the intended …
Good Title Clause
Assuming that you wish to bargain for “good title with the regular noted exceptions”, and move away from the obligation to accept “title insurance”, then here’s a clause for your …
Bargain for “Good Title”
Most common law jurisdictions bargain for “good title”, subject to some exceptions. In Ontario, the standard Form OREA Agreement of Purchase and Sale goes one step further. It lowers the …
Locating the Bad Areas
This will be an area where the buildings are old and in disrepair. Generally, you don’t want to live there. Poor quality buildings, neglected and not well-maintained line the streets. …
Rogue Home Inspectors
Most Home Inspectors are quite legitimate. They are professionals who take their business seriously and conduct their business affairs in accordance with sound ethical practices. Then, there are the …
Five Financial Reasons for Home Ownership
Would like to buy some real estate! In particular, are you thinking about buying a house. Let’s summarize the principal financial advantages: 1) use of rental income2) use of leverage3) …
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 …
Detached or Semi-detached?
By Brian Madigan LL.B. This is an interesting question. The property quite clearly had been the west side of a semi-detached pair of buildings. So, what happens now that …
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, …