In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable of ascertainment) 3) description, …
Failure to Clarify the “Parties”
By Brian Madigan LL.B. In order to be “enforceable”, real estate contracts must be “definite and clear”. So, here, the Courts will look to: 1) parties, (sufficient to identify) 2) price, (capable …
Ingredients of an Enforceable Real Estate Agreement
By Brian Madigan Ll.B. There are several essential elements of a contract: 1) Parties, (legal capacity) 2) Lawful object (not illegal) 3) Intention to create contract (consideration or seal) 4) Mutual agreement …
Another Buyer: How to fit them into the Deal
Adding or Substituting a New Buyer to an Agreement in Ontario For some reason, this issue seems to create some complications. How do you add a new buyer? How do …
Buyer Dies Before Closing
What Happens if the Buyer Dies before Closing? By Brian Madigan LL.B. This is “bad news” for the buyer, no matter how you look at it. But, just exactly what …