Brian's Ontario Real Estate Blog

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

ARCHIVED BLOG POSTS

2015 

   Ultimately, it can be difficult to determine which ones require review and which ones don’t. For the larger commercial transactions, with $100,000.00 per year in annual rents, the Landlord will usually provide a copy of the Lease ahead of time. I think, the agent should review it and then reco...
05/03/2015
  Question: On an Agreement to Lease, when it is a Net Lease + TMI - does the amount of the TMI get included in the Agreement to Lease or only on the Lease (what about escalation, only on Lease?) Also, the book suggests to include the Lease as a schedule on the Agreement to Lease - does each page...
05/03/2015
Dear TaxPayer,Canada Revenue Agency has sent you an INTERAC e-Transfer (previously INTERAC Email Money Transfer).Amount: $ 525.00 (CAD)Expiry Date: 26 April 2015 Action Required: To deposit your money, click here:  link removed to prevent fraudCanada Revenue Agency200 Bay Street, Suite 2400P.O. B...
05/03/2015
  Flying Marble and Old Insurance Policies   A few years ago, it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto.   Canada's tallest and certainly one of its most prestigious office buildings is First Canadian Place. I...
05/02/2015
 Want to Change the Use? Let’s assume that you want to change the use of the property. What does the agreement say about that? The standard form agreement of purchase and sale says: “9. FUTURE USE: Seller and Buyer agree that there is no representation or warranty of any kind that the future inte...
05/02/2015
MULTIPLE BUYER CONSENT FORM (bidding wars) Have a look at this document and see if it fits the bill: Multiple Buyer Disclosure and CONSENT  BROKERAGE:........................................................................................................BUYER:........................................
05/02/2015
Something should be documented concerning the fact the one Brokerage might act for several Buyers in one bidding war. The Confirmation of Co-operation and Representation won't work. Let’s have a look at the law: Multiple representation 22. A registrant shall not represent more than one client in ...
05/02/2015
 Documentation for Multiple Buyers With bidding wars increasingly more common and even spreading out of the GTA, it will be important to ensure that going forward you have the correct documentation. Bob lists his property with XYZ Real Estate. Offers are held back until next Tuesday at 8:00 pm. T...
05/02/2015
Terms Posted Rates Preferred Rates 6 MONTHS 3.14% 3.10% 1 YEAR 2.99% 2.29% 2 YEARS 2.94% 2.19% 3 YEARS 3.44% 2.34% 4 YEARS 3.94% 2.54% 5 YEARS 4.79% 2.64% 7 YEARS 6.04% 3.39% 10 YEARS 6.50% 3.84% Rates are subject to change without notice. OAC E&OE   Prime Rate 2.85% 5 yr variable 2.20%   Call m...
05/02/2015
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BrianMadigan

LL.B., Broker
local_phone(416) 745-2300
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