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Real Estate Law & Property Law

REAL ESTATE OPTIONS: Is an Option to purchase property marketable on the MLS?

An Option to purchase luxurious real estate is a contract between two parties giving the purchaser the exclusive right (without the obligation) to buy the property....

ASSIGNMENTS: Assigning your lease, rights in a partnership or intellectual property

Just like any other contractual right, real estate property rights can also be assigned. But, there are special duties and liabilities attaching to transfers of the right...

WHAT IS CONSIDERED A CONTRACT: Consideration

Known as "the price of a promise" and a controversial requirement for contracts under common law, consideration  is required under most common-law and civil law systems, while some commentators...

TYPICAL IDENTITY FRAUD SCHEMES AND THEIR RED FLAGS

Identity fraud is inseparable from identity theft because without the second the first can not be perpetrated. Generally, the purpose of it is illegal financial gain,...

TYPICAL MORTGAGE FRAUD SCHEMES AND THEIR RED FLAGS

According to industry estimates, losses from mortgage fraud in Canada range into the hundreds of millions of dollars annually. Some criminal groups are each responsible for...

TYPICAL REAL ESTATE FRAUD SCHEMES AND THEIR RED FLAGS

Describing real estate fraud means visiting a dark place where suspicious characters roam around, unlawful acts are committed brazenly, and you do not know who you...

MORTGAGE DEFAULT: Power of Sale or Foreclosure?

Although generally the real estate market in Ontario has been robust, the frenzied market of the past has caused an increase in mortgage defaults as a...

DAMAGES IN REAL ESTATE

When a vendor or purchaser breach an agreement of purchase and sale by not completing the sale transaction, the innocent party may suffer damages and should...

PIERCING THE CORPORATE VEIL: The Doctrine of Alter Ego

I recently got a phone call from a client after he had been served with a law suit. He had entered into an agreement of purchase and...

BUYING A RESIDENTIAL INCOME PROPERTY – A Primer

With the Ontario real estate market demonstrating continued resilience, many people are still putting their confidence in real estate as an investment option across Ontario.  These...