Let’s have a look at two clauses: No Waiver “This Agreement of Purchase and Sale is conditional until 9:00 p.m. on the 25th day of November, 202_, (“Due Diligence Date”) to …
A Decade Since Bhasin v. Hrynew
The Supreme Court of Canada released its decision in Bhasin v. Hrynew late in the afternoon on 13 November 2014. That meant that no one really “knew” about it until …
Deposit Returned: Not Forfeited (EPRF Holdings v. Fergus Bloor)
Fergus Bloor (the Buyer) submitted a deposit in the amount of $350,000.00 on a $7 million purchase. That amounted to 5% of the purchase price. Cushman & Wakefield ULC, (“Cushman”) …
EPRF Holdings v. Fergus Bloor
This is an important case before the Ontario Superior Court. The matter was appealed and the Ontario Court of Appeal upheld the decision of the Motions Court Judge. The decision …
Permits Going to the Root of Title
This is an interesting case, recently released by the Ontario Court of Appeal covering several important issues related to building permits, title objections, title insurance and matters going to the …
Home Inspection Clause Revisions
Sometimes, the Buyer will attempt to use a Home Inspection clause as a right to back out of the deal. So, it might be wise to add the following: “Should …
Offer Followed by the Agreement
We effectively have one name for legal contracts dealing with the sale of land. The reference is to an “Agreement of Purchase and Sale”. However, that doesn’t take into consideration …
Agreement or Offer: Name Confusion
There seems to be a continuing difficulty when we are talking about Offers and Agreements of Purchase and Sale. When do we use them? And, why all the confusion? Contract …
Inspection Condition Clause Updated
This is the standard OREA Inspection Condition clause: “This Offer is conditional upon the inspection of the subject property by a home inspector at the Buyer’s expense, and the obtaining …
Commissions Payable in the Event of Non-completion
Question: If a deal fails to close, is the commission still payable? Answer: Yes, because that wasn’t the trigger for payment. Question: What was the trigger for payment? Answer: An …