We just looked at two types of hot tubs: One embedded in a wooden patio deck, Another portable, inflatable hot tub that could be easily moved. In the first case, …
Inflatable Hot Tub – Does it Stay?
Have a look at this hot tub. It’s inflatable and can be moved easily. Just let the air out, pack it up and take it to the cottage for the …
The Hot Tub: A Fixture or a Chattel?
An interesting issue arose recently as to whether a hot tub should be included or excluded from a real estate transaction. In the case at hand, a hot tub which …
Fixtures Clause in the Agreement of Purchase and Sale
The “Fixtures” clause in the standard form OREA Agreement of Purchase and Sale (2016 version) reads as follows: 5. FIXTURES EXCLUDED:……………………………………………………………………………………… Fixtures are part of the real estate. They don’t …
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 …
Central Vacuum System in Disrepair
Question: An Agreement of Purchase and Sale contains the following warranty: “all chattels and fixtures shall be in good working order of the closing date” A Professional Home Inspector delivers …
Collecting the Shortfall from the Borrowers
Business Financing: Recovering the Balance from the Restaurant Operators You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to …
Liquidating the Restaurant
You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. At this point, the reason …
Selling the Restaurant
You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. Maybe the owner didn’t have …
Operating the Restaurant Temporarily
You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. Maybe the owner didn’t have …