ARCHIVED BLOG POSTS
2010
Seller's Agent: Two Primary Uses of the Disclosure Statement By Brian Madigan LL.B.When listing a property, a seller's agent will need to deal with the disclosure statement, in Ontario it is known as the Seller Property Information Statement or SPIS.There are several decisions that need to be m...
01/05/2010
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Are You Looking for Two Year Performance? By Brian Madigan LL.B.Are you interested in the performance statistics for the GTA and Toronto over the last two years?If so, the Star has compiled an interactive Map. Have a look:www.thestar.com/staticcontent/744608The Map shows the two year performanc...
01/04/2010
Advice for Buyers' Agents concerning Disclosure Statements By Brian Madigan LL.B.From time to time, a buyer's representative will come across a Disclosure Statement signed by a Seller. In Ontario, it is known as a Seller Property Information Statement.What advice should they give to their clien...
01/04/2010
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Closing Time: 5:00 pm or 6:00 pm ? By Brian Madigan LL.B.There used to be a time when agreements of purchase and sale provided that transaction must be completed prior to 4:30 pm on the date scheduled for closing. Now that we have an electronic registration system in place, that time should say...
01/03/2010
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E-mails Not Permitted By Brian Madigan LL.B.Just in case you were wondering, e-mails are not permitted as official communication of Offers and related documents. That is the case under the Real Estate and Business Brokers Act, 2002 and it is confirmed by agreement between the parties.Here is th...
01/03/2010
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Long Form of Agreement Brian Madigan LL.B.There are actually two separate and distinct documents used to evidence an agreement to convey land:1) agreements of purchase and sale, and2) agreements for sale.The first category is relatively straightforward and is the common document in use. The agr...
01/02/2010
Evicting Tenants under the Residential Tenancies Act By Brian Madigan LL.B.If you are a residential landlord or you are contemplating becoming one, you should have a look at some of the new rules.The Residential Tenancies Act came into force in January 2007. Basically, it tips the scales of ju...
01/02/2010
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Real Estate Mediation By Brian Madigan LL.B.You may wonder what this has to do with real estate? However, unresolved disputes really represent the quickest way to eliminate any equity that has accumulated in real estate acquisitions made over the years by either parties to the marriage.Oftentim...
01/01/2010
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Double Check Measurements By Brian Madigan LL.B.How important are the actual measurements of a room? Does size matter? Sometimes, it does. Possibly the prospective purchaser is undertaking some rough calculations of value based on the overall size of the building. Square footage is the basis of...
01/01/2010