We are all aware that sales agents like to pump their products, merchandise and services. That has been going on for years and the public who believe that are naïve …
Conditions and Escape Clauses
There is always a great deal of confusion and discussion concerning conditions and escape clauses contained in agreements relating to real estate. But, it is really rather straightforward and the …
Use of Counter Offers
The Counter Offer might be a helpful document. Remember that in the process of offers and counter offers, it is only the agent-to-agent communication which must be transmitted by fax …
Vacant Possession: Is there a Precise Time?
This is a simple question and sometimes gives rise to significant problems. The general advice given by lawyers traditionally has been that vacant possession must be given by the “actual …
Can I Terminate for “Seller’s Remorse”?
Question: We’ve accepted a registered offer on our home. We now have sellers’ remorse and would like to reject it before the home inspection. Can this be done? We have signed …
Can an Offer be Revoked?
This seems to be a question that arises rather frequently. Let’s have a look at some of the issues. Question: Consider the following scenario. A Broker from a Cooperating Brokerage …
Failure to Clarify “Closing Date”
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 “Description”
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 …