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 …
Renovation Contract (Standard Form – Ontario)
Below you will find a sample contract which appeared for many years on the CMHC website. It is now no longer available. More recently, CMHC published a disclaimer concerning its …
Does a Commercial Tenant have the Right to Assign the Lease?
Most people seem to know that commercial landlords are tougher and often don’t want to agree. The right to assign a lease is provided to residential tenants under the Residential …
Real Estate Opportunities for Entrepreneurs
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 …
Legal Non-conforming Use Explained
By Brian Madigan LL.B. This is an issue under the zoning by-laws. It is important to note that all zoning by-laws are forward looking. They speak to the future and …
Business Purchases ~ Should You Buy Assets or Shares?
Assets, of course! That’s what just about everyone says. But, why is this? Real estate agents are not generally trained in the field of share acquisitions. Often, they don’t have …