by REM Editorial Team | Aug 3, 2012 | Advice for Agents, Legal Issues
The plaintiff in a recent case was a tenant of a farm property for a one-year term. The plaintiff and the landlord drafted a renewal lease. This gave the tenant another year and an option to purchase the farmland. Unfortunately, neither party signed the draft lease...
by REM Editorial Team | Jun 28, 2012 | Advice for Agents, Legal Issues
The developer of a condominium building had not completed it by the closing date as set out in an Agreement of Purchase and Sale. The builder and purchaser had intended that there would be terms governing the vendor’s right to extend the closing date. However, in the...
by REM Editorial Team | May 22, 2012 | Advice for Agents, Legal Issues
By Don Lapowich Yes, it sometimes happens. AL, a lawyer and his client SJ, a Realtor and investor, were parties to a joint venture involving two apartment buildings. In an action, SJ denied there were other beneficial interests and sued for partition and sale. SJ...
by REM Editorial Team | Mar 19, 2012 | Featured, Legal Issues, News
By Christine J. Duhaime The Canadian government is undertaking a potentially significant revision to its anti-money laundering (AML) and counter terrorist financing regime that will affect Realtors by increasing the reporting, record-keeping and client due diligence...
by REM Editorial Team | Mar 12, 2012 | Featured, Legal Issues, News
The Toronto Real Estate Board (TREB), CREA and 49 individuals named in a $540-million lawsuit launched by Realtysellers have lost an appeal to have the action dismissed. They now have 30 days to file statements of defence with the court. “CREA spent years trying to...
by REM Editorial Team | Mar 8, 2012 | Advice for Agents, Legal Issues
A man put in an offer to purchase land through one company using funds from his other company. The intent was that the land would be developed through a development company. The purchase was time sensitive with four conditions to be fulfilled. The contract...
