Offers and Clauses

Nov. 1, 2018

Tenant use of Cannabis in Ontario

tenant use of cannabis in their apartment

This article covers a couple of recent changes that will affect owners and purchasers of income properties.

As you are probably aware, the province of Ontario has recently mandated the use of their leases for all landlords and tenants. Failure to provide the lease, if requested by a tenant, will ...

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June 19, 2017

Escalation Clause should be used with caution!

Do you even know what an escalation clause is, and its' Implications for the buyer or seller?

escalation clauses

There is a clause that can be used if your Buyer wants to really really make sure that they get their offer accepted on that hot new listing, or a listing that you ...

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Posted in Offers and Clauses
Oct. 27, 2015

Making the offer, Buying an Investment Property.

Buying an Investment Property, How to Ensure Your Offer is Rejected.

offer rejectedMost Agreements of Purchase and Sale (APS) are filled with agreements and conditions.  It is important that you understand that a condition is a special type of agreement in that it allows a buyer to terminate the purchase ...

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June 11, 2015

Bidding Wars and Phantom Offers

Phantom Real Estate Bids are now enough of a problem that Ontario has started to crackdown on them.

RECO has decided to act and start enforcing some rules and regulations regarding these Phantom Bids.phantom offers

Joseph Richer, the RECO Registrar says:
"'You cannot suggest or even imply that you have an ...

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Posted in Offers and Clauses