Tag: Sale

Agreements of Purchase and Sale Must be Completed in Good Faith

If you have been following my blog, I surprised many people last year with the revelation in Agreements of Purchase and Sale are legally binding contracts that you cannot simply "use" a condition in the agreement to "get out" of the deal....

By Noah Potechin of Merovitz Potechin LLP on Wednesday August 31, 2016.

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...

By Noah Potechin of Merovitz Potechin LLP on Monday April 13, 2015.

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...

By Noah Potechin of Merovitz Potechin LLP on Monday February 23, 2015.