Ontario Real Estate Source By Brian Madigan LL.B. Many business owners like to keep information as confidential as possible. And, this particularly applies to their finances and their books. So, …
Restricted Customer Service Agreement for Commercial Properties
From time to time, an Owner or Landlord doesn’t want to place their property on MLS. They want to deal with one particular person at a particular Brokerage and will …
Long Form of Agreement
Brian Madigan LL.B. There are actually two separate and distinct documents used to evidence an agreement to convey land: 1) agreements of purchase and sale, and2) agreements for sale. The …
Lots: Vacant, Empty, Buildable, Ready for Development
What does all this mean? You see an ad for a “fixer-upper” but you’re not handy and you really don’t want something hodge-podge in the end for a million dollars …
Flying Marble and Old Insurance Policies
A few years ago, it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto. Canada’s tallest …
Disclosure Obligation Backfires for Real Estate Agent
The real estate agent is charged with additional disclosure obligations over that of the seller. In this case, the agent approached the owner of a property inquiring whether he wished …
Want to Change the Use?
Let’s assume that you want to change the use of the property. What does the agreement say about that? The standard form agreement of purchase and sale says: “9. FUTURE …
Guarantees or Indemnities ~ Which Do You Prefer?
Despite the fact that they are both in common usage, the answer should be clear: Indemnities. In law, a guarantee is an agreement that C will perform IF B fails …
How to Increase the Value of Condo Townhouses!
Everyone is looking for a way to increase the value of their homes. But, what if you’re in a condominium townhouse development, it may not be quite so easy. However, …
Maintain Accurate Financial Records
If you are in business you should keep good financial records. It just makes sense, but so many small businesses neglect this tedious and somewhat time-consuming task. Careful records take …