All real estate related posts.
You may have heard the terms chattel and fixture thrown around by an Ontario real estate lawyer or agent, but what do these terms actually mean? It is important to understand the difference between fixtures and chattels because Ontario real estate law treats each differently. The general rule in Ontario is that all fixtures become…Read More
When you buy a home in Ontario, you will need to retain a real estate lawyer who will assist you with the purchase of your property. Your real estate lawyer will carry out a number of tasks and deal with various issues on your behalf. The following are some of the tasks that will be…Read More
The deposit paid by the buyer for the purchase of real estate in Ontario is only released in the event that the sale goes through, upon mutual release of the parties, court order or due to a specific term in the contract. Court Order In the event that a court order is sought, the…Read More
When you have a mortgage on a property and fail to live up to the Mortgage terms a bank has three practical remedies under its standard charge terms – it can move to foreclose on the property, issue a Power of Sale or apply to the Court for a Judicial Sale. As Judicial Sales are…Read More
Recently, we were approached by a buyer whose real estate salesperson neglected to include an clause allowing him/her to inspect the property. The Buyer was concerned that the Seller was going to remove the appliances and replace them with inferior ones. What were his options? With regards to a professional inspection, the Buyer was simply…Read More