Brian's Ontario Real Estate Blog

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Commercial Real Estate Agent - RE/MAX West Realty Inc., Brokerage (Toronto)

ARCHIVED BLOG POSTS

2011 

Selling a Business in Ontario (Minimum Documentation)  Ontario Real Estate Source  By Brian Madigan LL.B. Many business owners like to keep information as confidential as possible. And, this particularly applies to their finances and their books. So, what is the minimum that they can get away wi...
03/06/2011
When is an agreement binding? Ontario Real Estate Source By Brian Madigan LL.B. Effectively, there are two choices: 1) as soon as the offer is formally accepted, as in "signed, sealed and delivered", and 2) when all the conditions are satisfied, waived or fulfilled. Naturally, it makes a differe...
03/06/2011
Selling a Business in Ontario (Excluded Property) Ontario Real Estate Source By Brian Madigan LL.B. What is included and what's not? That's a question that comes up in every deal. So, in order to arrive at an answer, let's have a look at the Act. Here's s. 21 (3) of Regulation 567/05 under the R...
03/06/2011
Selling a Business in Ontario (Expected Documents) Ontario Real Estate Source By Brian Madigan LL.B. What documents can you expect to be delivered? The Real Estate and Business Brokers Act, 2002 is quite clear about this. You can find the provisions relating to the purchase of a business in regu...
03/06/2011
The question of the determination of whether or not an agreement is "binding" is of importance under the provisions related to the sale of a business under the Real Estate and Business Brokers Act, 2002 and regulations. Here are the obligations imposed upon registrants under section 21:  "21(2)  ...
03/05/2011
Consumer Reporting Act  Ontario Real Estate Source By Brian Madigan LL.B.The Consumer Reporting Act is designed to afford a certain level of protection to consumers. So, the Act defines consumers and does not apply to businesses.There are requirements with respect to disclosure to consumers rela...
03/05/2011
Landlord's Notice for Showings to New Tenants Ontario Real Estate Source By Brian Madigan LL.B. If you want to know about the specific rules that apply, it's always best to look at the source. In this case, it's the Residential Tenancies Act. The Act distinguishes the purposes of various inspect...
03/05/2011
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When is an agreement binding? Effectively, there are two choices: 1) as soon as the offer is formally accepted, as in "signed, sealed and delivered", and 2) when all the conditions are satisfied, waived or fulfilled. Naturally, it makes a difference in terms of interpretation. Some people say 1) ...
03/04/2011
If there ever was a reason to justify the investment in real estate, then, here it is. The long term investment trend is up. However, it is gradual, but predictably, it is continuously on an upward curve. This trend will support a annual rate of return in excess of 5%.
03/03/2011
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Ontario Real Estate Source By Brian Madigan LL.B.Before you can buy property, you will need to qualify for a mortgage. There are, of course, exceptions: you could win the money in a lottery, receive it from an inheritance or have it loaned to you by a friend (when I say friend, I really mean par...
03/03/2011
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