Question: An Agreement of Purchase and Sale contains the following warranty: “all chattels and fixtures shall be in good working order of the closing date” A Professional Home Inspector delivers …
Alternatives to Cancellation of Buyer Representation Agreement
Are there any alternatives to the outright Cancellation? Absolutely, you could terminate the contract or you could amend the contract, on conditions which might include: Compensation for referrals Extension of …
Can the Seller Disclose Information from the Bids?
Seller’s Disclosure of Bids Question: Is it allowable for a Seller to disclose information about the bids? Assume that one of the bidders is a friend of the Seller. Can …
Can the Buyer Take Back Her Offer? (Part 2)
This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. …
Can the Buyer Take Back Her Offer?
This is actually a question which arises all the time. Some people will say “yes” and others will say “no”. Let’s have a look at the sequence of an Offer. …
Buyer Renting Out the Seller’s Property
Question: Can the Buyer following an Agreement of Purchase and Sale advertise the address, use MLS photographs and bring prospective renters through on the “revisits”. Answer: There are several important …
Joint Tenancy Issues in Ontario
Question: Bob and Martha are brother and sister, they were left a house by their mother, as joint tenants. Martha dies. Can you list the property right away, on Bob’s …
Collecting the Shortfall from the Borrowers
Business Financing: Recovering the Balance from the Restaurant Operators You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to …
Liquidating the Restaurant
You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. At this point, the reason …
Selling the Restaurant
You financed the restaurant for a friend or relative, and now it’s run into financial difficulty. This could be due to a variety of reasons. Maybe the owner didn’t have …