ARCHIVED BLOG POSTS
2011
2
Comments
Fintrac ~ Identification of Corporations Ontario Real Estate Source By Brian Madigan LL.B.As a real estate agent you are under new legal obligations to collect and maintain certain records with regard to real estate transactions.These obligations arise under the Proceeds of Crime (Money Launderi...
03/14/2011
2
Comments
Vacant Possession: The "TIMING" Ontario Real Estate Source By Brian Madigan LL.B.This is a simple question and sometimes gives rise to significant problems. The general advice given by lawyers traditionally has been that vacant possession must be given by the "actual time of closing".The problem...
03/13/2011
4
Comments
Ontario Real Estate Source By Brian Madigan LL.B.Question: I am concerned about my mother. Ten years ago, she married a man who now seems to be in ill health. He has operated his own business for over thirty years. Their only real asset is the house. He refuses to make a Will and claims that my ...
03/08/2011
Ontario Real Estate Source By Brian MadiganWhile there are some advantages to joint tenancy, there are also some problems. The primary advantage is the ease of administration of a deceased's estate. It is simple and uncomplicated, nothing more than the registration of a death certificate is requ...
03/08/2011
2
Comments
Documents for the Purchaser Ontario Real Estate Source By Brian Madigan LL.B.If you have just sold your house, what should you be leaving for the purchaser?Title DocumentsI am assuming that you have already delivered copies of these documents to your lawyer. However, in cleaning up, it's possibl...
03/08/2011
2
Comments
Fintrac ~ Identification of Individuals Ontario Real Estate Source By Brian Madigan LL.B.As a real estate agent you are under new legal obligations to collect and maintain certain records with regard to real estate transactions.These obligations arise under the Proceeds of Crime (Money Launde...
03/08/2011
2
Comments
Common Law ~ Origins and Definition Ontario Real Estate SourceBy Brian Madigan LL.B.Frequently, people will ask "what is common law". And, just as frequently someone will provide a simple definition, but somewhat different than the one you heard before. So, let's have a look at the term "common ...
03/08/2011
2
Comments
Air Rights Ontario Real Estate Source By Brian Madigan LL.B.There are "air rights" and then again there are "air rights", and of course they are two completely different things.So, let's deal with the two concepts:1) common law air rights, and2) zoning air rights.Common Law Air RightsActually, t...
03/08/2011
3
Comments
15 Reasons Ontario Real Estate Source By Brian Madigan LL.B.I thought that I would give you 15 good reasons to buy title insurance. Actually, there are more than fifteen, but if these fifteen are not enough, then you're just not going to be convinced.Until 1997, the common practice in Ontario wa...
03/08/2011
0
Comments
Terms Bank Rates Preferred Rates 6 Month 4.45% 3.95% 1 YEAR 3.50% 2.64% 2 YEARS 3.75% 3.29% 3 YEARS 4.35% 3.55% 4 YEARS 5.14% 3.84% 5 YEARS 5.44% 3.84% 7 YEARS 6.34% 5.05% 10 YEARS 6.65% 5.35% Rates are subject to change without notice. *OAC E&OE Prime Rate is 3.00% Variable rate mortgages from ...
03/08/2011