Tag: lawyers
Tag: lawyers
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. ...
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...
When to File a Terminal Tax Return
The due date for the terminal return depends upon the date of the deceased’s death:1) For a death prior to November, the terminal return is due...
Guardians of the Property of Minor Children
No one, including parent or custodian, has an inherent right to possess or control property or assets otherwise belonging to a minor child. They can, however,...
Guardians Chosen in a Will, and the the Children’s Law Reform Act
Guardians, Custodians, and the Children’s Law Reform ActConventionally, “guardians” of minor children are whomever the parent has named in his or her will to take care...
COMMERCIAL LEASING: The Reality about Realty Taxes
It would appear from the papers reviewed so far in this series that the emphasis was on Commercial Law jurisprudence. There are instances, however, where matters...
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...
