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From the Blog

Put it in Writing if You Want it to Exist

Sellers, to Ensure the Purchaser Assumes Your Rental Oligations, Make Sure You Put It in the Contract Put it in writing.  You hear this all the time. However, in real estate, transactions when things are not put into writing, it can be costly. My advice to any sellers, if you want or expect something, to avoid costly negotiations or trials down the road, it is best to put it in writing. An example of this, is when you are selling your home, if you expect the new … [Read More...]

If a Building Permit is Not Closed – The Sale May not be Final

What does an Open Building Permit Mean for your Real Estate Transaction? An open municipal building permit (where the city has not done a final inspection and closed the file) may be a serious title defect, and allow a purchaser to back out of a real estate transaction.  A June of 2013 decision Ontario Superior Court of Canada, 1854822 Ontario Ltd. v. The Estate of Manuel Martins, 2013 ONSC 4310 highlights this issue.  In this case, 1854822 Ontario Ltd. signed an … [Read More...]

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