One of the best opportunities for investment is owning your own building. This is a great advantage for small business entrepreneurs. If you have a location for your business that …
Lawyer’s Approval: What Clause to Use?
You have already decided to include in an Offer “subject to lawyer’s approval”, but what particular clause do you want? Case law seems to suggest that in Ontario, a general …
Lawyer’s Approval: Legal Terms, Business Terms, or Both?
In a number of cases, a clause will be included in an Offer “subject to lawyer’s approval”. But, just exactly what does that mean? The answer, unfortunately is far from …
Toronto’s Taxes ~ Too High or not High Enough?
Over the last few days, we have looked at the question of the Toronto Land Transfer Tax. It is a tax which exists only in Toronto and not in any …
Toronto Land Transfer Taxes
You are probably aware that Toronto has its own Land Transfer Tax. This is in addition to the regular Provincial Land Transfer tax which applies throughout the Province. This new …
Land Transfer Taxes in Ontario
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. …