An Offer presented on a 50 plus acreage parcel in rural Ontario. We have just found out that the Snow Mobile Trail crosses the property at the end, a very small part. The Buyers are unhappy with this deal.
Is there anyway we can revoke this Agreement or does this permit automatically get revoked with the transfer to the new owner?
The title search clause will be helpful here. Presumably, there is a registered easement across the property. This one seems significant and would not fall under the category of minor. Therefore, the Buyer would not have to accept it. That is provided it is requisitioned in time.
Brian Madigan LL.B., Broker