You may wonder what this has to do with real estate? However, unresolved disputes really represent the quickest way to eliminate any equity that has accumulated in real estate acquisitions …
Presence of Water in the Walls of the Vanity Cupboard
Question: You sell a property, the buyers don’t include inspection condition. Upon closing and moving in, they discover damages that occurred from a previous leaky washing machine (leak has been …
Seller’s Preferred Deposit Clause
If the deal doesn’t close, the Seller wants the deposit as soon as possible. Many agreements will have various references to getting the deposit if the buyer is in default. …
Business Day Computation
This is a common clause which is used frequently: “Unless the Buyer gives notice in writing delivered to the Seller personally or in accordance with any other provisions for the …
Release From Prior Agreement #3
This is another clause, used by real estate agents: Release from Prior Agreement “This Offer is conditional upon the seller being released from the agreement of purchase and sale dated …
Release From Prior Agreement #2
This is another clause, used by real estate agents: Release from Prior Date “This Offer is conditional upon the Seller obtaining a properly executed Mutual Release from a prior Agreement …
Release from Prior Agreement
This is an interesting clause which some agents use: Release from Prior Time Agreement The acceptance of this offer is conditional upon the Seller obtaining a properly executed Mutual Release …
SPIS ~ Lance and Wright
Real Estate Agent’s Liability This was a case in the Supreme Court of British Columbia in 1997 involving the use of the Property Condition Statement. Mr. and Mrs. Lance purchased …
SPIS ~ Bird and Ireland
Vendor not Obligated to Warrant Property: No Commission This is another interesting case involving the use of the Seller Property Information Statement (SPIS), not for the purpose for which it was …
SPIS ~ Zadegan and Zadegan
Contempt of Court This is a very unusual case involving the use of a Seller Property Information Statement. Actually, the SPIS formed part of the evidence in a contempt of court …