Bob submits an Offer on Bill’s property for $920,000.00 with a $50,000.00 deposit, subject to two conditions, financing and inspection, both running 5 days. At the end of the 5 …
Disclosure of Unnatural Deaths and Stigmas (Buyer’s Protection)
It is not uncommon for and elderly person to live alone in their home. When they “go missing” for a few days, then the inquiry begins. It is directed to …
Suing for the Unpaid Deposit
Bob submits an Offer on Bill’s property for $890,000 with a $50,000.00 deposit, which Bill accepts. One little problem: Bob fails to pay the deposit. The Offer said “upon acceptance”, …
Who Should be Authorized to Receive Notices By Email?
Question: The NOTICES clause in Agreement of Purchase and Sale Form 100 (Ontario) enables the parties to send notices to one another through either fax or email. Typically, if there …
Cleanliness on Closing
Question: Client bought a house with a long six (6) month closing. House was in great condition when the deal was signed. The Buyer visited the premises two (2) weeks …
Chattels Clause in the Agreement
One of the clauses that often gives rise to issues in the Agreement of Purchase and Sale, is the Chattels clause. Set out below is the standard form OREA chattels …
Alternatives to Cancellation of Buyer Representation Agreement
Are there any alternatives to the outright Cancellation? Absolutely, you could terminate the contract or you could amend the contract, on conditions which might include: Compensation for referrals Extension of …
Can the Buyer Take Back Her Offer? (Part 2)
This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. …
Can the Buyer Take Back Her Offer?
This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. …
Buyer Renting Out the Seller’s Property
Question: Can the Buyer following an Agreement of Purchase and Sale advertise the address, use MLS photographs and bring prospective renters through on the “revisits”. Answer: There are several important …