Categories
Private Lending: Considering The Commitment
In certain circumstances, private lending is a popular and appropriate financing solution. Generally speaking, interest rates charged for private loans tend to be higher, which is attractive to the lender. Conversely, increased flexibility tends to be associated with private products,...
The Importance of a Properly Drafted Agreement of Purchase and Sale
Spring in Ottawa is when the market heats up. Often, desirable properties will come onto the market and buyers will become so eager to purchase that property, that they do not protect themselves with proper conditions in the Agreement of...
Chattel in an Agreement of Purchase and Sale
When you are purchasing a residential real estate property, you may find that there are some items owned by the Seller which you would like to have included in the purchase price. These are known as chattel. It is important...
The Importance of Complying With Notice Provisions Set out in Agreements
Many lawyers, real estate agents and others believe that delivery of notices by one party to another under an Agreement can be made by fax or email. In High Tower Homes Corp. v. Stevens, (2014) 123 O.R.(3d) 81, the Ontario...
Surprise: Agreement of Purchase and Sale is a Legally Binding Contract
So often I hear about buyers making offers to purchase homes conditional on inspection, financing or any other condition, with the belief that they will be able to just "get out" of the deal by "using" the conditions. This is...
Buying A New Home? Here’s A Primer About Closing Costs
One of the most common questions associated with the purchase of a new home is: "How much will it cost, over and above the purchase price, to close my deal?" Many clients contact our offices to request a quote for...
