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Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
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...
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...
What You Should Know About Private Roads
Private roads are being used more frequently in recent years in Ontario. When a residential house is situated on a private road and a purchaser offers to buy that residential house, the purchaser should be aware of several associated realities....
