Tag: ontario
Tag: ontario
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...
COMMERCIAL LEASING: All About Zoning, Renewals, and Extensions
Zoning Disputes concerning the Smartcentres have been in the spotlight for much of this past year, illustrating the significant hurdles developers face when seeking approval for...
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...
The Duty to Disclose Property Defects
This question often comes up with clients: Are we required to disclose latent defects in the property we are selling?A latent defect is a defect that...
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...
THE ECONOMICS OF THE MORTGAGE INDUSTRY
Real properties (real estate) like buildings, lands, residences are generally acquired by a purchaser through taking a loan. The promise to repay this loan is backed by a...
LAND TRANSFER TAX IN ONTARIO: And now the HST!
In Ontario, the land transfer tax has to be paid if land is purchased in the province or an interest in land is acquired therein. This...
