Residential & Commercial Closings
Real Estate Law: Provisions in the Agreement of Purchase and Sale: Time for Searches, Future Use, Title, Schedules
Time for searchesBefore closing a real estate transaction, a real estate lawyer will need time to search title, executions and make off-title searches or inquiries. The...
Real Estate Law: Goods and Services Tax/Harmonized Sales Tax (GST/HST)
In the OREA standard form agreement (“OREA Agreement”), there is a blank space provided where it should be indicated whether taxes are “included in” or “in...
More Provisions in the Real Estate Agreement of Purchase and Sale
Spousal consentWhen selling a matrimonial home like a principal residence or cottage, it is always necessary to have the non-title holding spouse consent to the sale. ...
Real Estate Law: Closing a Real Estate Transaction
Choosing a closing date The closing date can be whenever the parties agree upon, however selecting a closing date on a weekend or statutory holiday will prevent your...
Agreements of Purchase and Sale: Fixtures, Chattels and Rental Items
Fixtures and chattelsThe specification of chattels versus fixtures happens to be one of the more contentious issues arising in a real estate transaction. To recap past...
Understanding the Deposit in a Real Estate Transaction
The depositA deposit on a real estate transaction is regarded as consideration by the buyer to the seller to sell their property at a future date. If...
Describing the Property in your Agreement of Purchase and Sale
The property that is the subject of the Agreement of Purchase and Sale must be identified in the Agreement. The municipal address is the first component...
General Information About Agreements of Purchase and Sale
A contract by nature, the Agreement of Purchase and Sale (“Agreement”) brings with it all the obligations, responsibilities and procedures of contract law. A binding contract...
Taxation of an Estate as a Trust
Upon the death of a taxpayer, a T3 trust tax return is prepared, as well as a report of the income earned by the estate after...
COMMERCIAL LEASING: Rooftop Solar Panels
Rooftop Solar PanelsA number of landlords, owners, and tenants have recently received inquiries from rooftop solar panel installers desirous of installing solar panels on their roofs....
