Question: You are the Listing agent. What would you do, if you received an Offer with this Warranty? How would you advise your client? “The Seller warrants that, to the …
Deposit Forfeiture Clause: Does it have any Meaning?
Question: What do you think on this clause from a Seller’s perspective? “The Buyer hereby acknowledges that in the event of the buyer’s breach of the agreement of purchase and …
Inspection Condition and Leverage
Scenario: Seller accepts buyers offer which is conditional upon an inspection (with right to remedy clause). Buyer agent states to the Listing agent the condition is satisfied but would like …
Can You Terminate a “Joint Tenancy” by Executing a Will?
Question: I read that “A joint tenant cannot bequeath his or her interest by means of a will…”. Does that mean that even if there is a Will of John …
Agreements Executed in Counterparts
Question: I have a situation where the parties may not all be signing on the same document at the same time yet I want it to be binding on all …
What About “AS IS” in the Listing
Question: A property was noted: “As Is” in listing, but no reference in the Agreement. There was no “inspection” done with a Home Inspector. Upon last visit, the AC is …
Adding a Seller to an Agreement
This is much more unusual than adding a Buyer. But, it does happen on occasion. The Seller / Owner of the property didn’t sign the Agreement. This subsequently arises with …
Adding a New Party to the Deal (Ontario)
Question: Is there a correct way to add a new party or additional party to a real estate deal? Answer: You can do this by: 1) a new Agreement, 2) …
What Happens at the End of the First of Two Conditions?
Question: If you have two conditions in an offer and they have two different deadlines – if you miss the first one, is the deal dead or are you still …
The Right to a Final Inspection
Once you buy a property are you allowed to have another look? Now, once you own it, you can look at it all you like, but by that time it …