Question: I have a client who bought an investment property 30 years ago. It’s always been rented out. It’s a second property for them. 1. If sold, what do they …
Seller Might Die Before Closing
Question: What happens if the Seller dies before the closing date? The Seller has already signed an Agreement of Purchase and Sale by an Attorney pursuant to a Power of …
Power of Attorney and Notarization (Ontario)
Question: My clients are residents of Canada who are on a work assignment out of the country. Due to work, it is very difficult for them to return to Ontario …
Inheriting a Principal Residence from a Parent
Question: I have a client who now owns a 2nd real estate property outright that is not his principal residence. It had been occupied and owned by his mother. Do the …
Timing of the Break – Up is Important (Ontario Family Law)
Question: A couple decides to “break up” and she decides to buy a condominium? Does the husband have to sign the spousal consent? Answer: The issue is whether or not …
Immediate Severance of Joint Tenancy under the Family Law Act
This is a situation that doesn’t occur every day, but it happens enough, and real estate agents need to be aware. Question: Assume A, B, and C hold the property …
How Soon Can I List an Estate?
Question: The Owner just passed away. How soon can I list the property for sale? Answer: If there is a Will, then the Estate Trustee has authority to act including …
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 …
Selling the House and the Severed Lot (Ontario)
Two Lots (One with a House and One Vacant) Question: The client severed a back lot from her house. The first lot is now smaller and has the house on …
Selling in Ontario using a Power of Attorney
Question: I expect to be the Listing Agent. A son and his parents are the registered owners of residential property in Ontario. The parents are currently in Europe. Is it …