There are actually two basic reasons for a deposit in a real estate transaction: 1) to constitute security for payment, and 2) to establish a pre-estimate of the damages in …
Lawyer’s Approval: What Clause to Use?
You have already decided to include in an Offer “subject to lawyer’s approval”, but what particular clause do you want? Case law seems to suggest that in Ontario, a general …
Lawyer’s Approval: Legal Terms, Business Terms, or Both?
In a number of cases, a clause will be included in an Offer “subject to lawyer’s approval”. But, just exactly what does that mean? The answer, unfortunately is far from …
Rogue Home Inspectors
Most Home Inspectors are quite legitimate. They are professionals who take their business seriously and conduct their business affairs in accordance with sound ethical practices. Then, there are the …
Landlord’s Access to Tenant’s Premises for the Sale
Landlord’s Notice for Showings to Prospective Purchasers How does the Landlord gain access to the Tenant’s unit if he wants to sell the property? If you want to know about …
Do You have to Close on a Hoarder’s House?
Well, if they have moved everything out, then you do; but what are your rights if they still have piles of junk left behind? To some extent, the answer depends …
Defects in Real Property and Related Disclosure Issues
The question relating to the obligation to disclose is one which arises constantly, and applies to every real estate sale. What are the disclosure obligations? The matter of patent and …
Selling: Documents for your Purchaser
Consider a VIDEO If you have just sold your house, what should you be leaving for the purchaser? Title Documents I am assuming that you have already delivered copies …
Can You Revive an Old Agreement?
The answer is “no”, but a lot of people don’t believe it. Let’s assume that Bob puts in an Offer to buy Bill’s property. The offer is accepted and contains …
Responsibility for False and Misleading Statements
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 …
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