You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This is part 2. Last time we assumed that your friend was co-operative, so …
Business Financing: the Restaurant
Let’s assume that you have been persuaded to finance a restaurant for a friend or relative. You went to a lawyer who recommended that you obtain the maximum security possible …
Business Financing
Let’s assume that for some reason you feel compelled to offer and assist someone who needs financing for their business. What security do you want? Well, you should get everything …
A Built-in Dishwasher (or a Roll-in)
I was unaware that dishwashers have changed somewhat over the last decade. Here are a few changes; The electrical connection which used to be direct, now requires the installation of …
Chattels’ Condition Clauses
One of the problems using precedents is the fact that there is often “one stop shopping”, or “one size fits all”. That simply doesn’t work when we are talking about …
What’s Wrong with the “Good Working Order” Clause (Chattels)?
A fairly standard and regular clause that has been used for years in the real estate business is as follows: The Seller represents and warrants that the chattels and fixtures …
Can You Switch out the Appliances?
Question The Agreement of Purchase and Sale, stated: “All existing appliances including…” and then enumerated the various appliances. The sellers have changed out the stainless steel dishwasher for an older …
Holdback On Closing?
Question: I bought a condo and a day before the closing, I found out that the washing machine is not working. Can I request my lawyer to holdback funds, like …
Rental Furnace and Right of Removal
Question: I bought a house and the Listing stated that the furnace was a rental and would be paid out on closing. Naturally, I did not assume the furnace in …
Rental Contract Assumption: Agent Liability
Question: My hot water tank was a rental and I wanted it to be assumed by the Buyer. It was mentioned in the Listing as a rental item. However, now …