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Published on: 21 Jun 2019 By

Buyer Beware: What happens to your real estate deposit when conditions aren’t fulfilled

In most circumstances, a buyer will submit a deposit on acceptance of their offer to purchase residential property. These deposits are typically held in trust by the seller’s brokerage and can range anywhere from $100 to $50,000 or more depending on the location and nature of the property. F…

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Published on: 8 Mar 2019 By

New Corporations and Real Estate Deposits

From time to time a purchaser will want to purchase real estate before the corporation that will own the real estate is incorporated. The agreement of purchase and sale might be entered into by an individual “in trust for a corporation to be incorporated without any personal liability”. Does…

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Published on: 12 Dec 2018 By

Remedies of a Commercial Landlord in Ontario

If a tenant defaults on their obligations under a commercial lease, a landlord may wish to pursue a remedy. There are two types of tenant defaults – monetary or non-monetary. The type of default will determine the landlord’s available remedies. A monetary default occurs when the tenant…

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Published on: 6 Dec 2018 By

Do I Have to Collect HST if I am Just Selling my Vacant Land?

Determining whether or not you have to pay Harmonized Sales Tax (“HST”) during a real estate transaction can be a tricky situation. There can be rebates, exceptions and a whole host of factors which come into play. The sale of a vacant lot carries with it its own problems. When D…

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Published on: 5 Dec 2018 By

Lenders Beware: Not All Charge Terms Are The Same

When a lender, be they a large bank or a private individual, lends money to someone they will, in most cases, require security for that loan. One well-known type of security is the mortgage. A mortgage, otherwise known as a charge, is a lien or encumbrance on the property, giving the lender …

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Published on: 29 May 2015 By

Limitation Periods – Often Overlooked, Yet Potentially Fatal to Your Legal Rights

It is inevitable that at some point a business will experience a harmful event that causes it to suffer a financial loss. Examples include a third party breaking a contract or a warehouse fire due to faulty electrical wiring. Therefore, businesses need to be aware of the time limits that res…

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