by Joseph Richer | Jan 13, 2017 | Columnists, Featured
In a recent story in REM, Vito Campanale proposed an alternate way to obtain consent from buyers and sellers, in order to release the deposit back to the buyer if conditions are not fulfilled. Here’s the Real Estate Council of Ontario (RECO)’s position on this...
by Vito Campanale | Dec 9, 2016 | Columnists, Featured
Currently most conditional offers are written such that if the condition is not met, the offer becomes null and void and the buyer’s deposit shall be returned to the buyer in full, without interest or deduction. But what happens when the seller, after they have been...
by Donald Lapowich | Feb 26, 2015 | Featured, Legal Issues
In a case heard in the Court of Appeal for British Columbia, the seller and purchaser entered into a standard form contract of purchase and sale for residential property in an amount just over $2 million. The buyer made a deposit of $100,000 but failed to complete the...
by Connie Adair | Feb 18, 2015 | Featured, Technology
Having a deal go the way of the dodo bird because of a late deposit cheque is just sad. And the running around to make sure that doesn’t happen is stressful for all involved. Halifax-based Chris Ryan and Kevin Kline figured there had to be a better way, so they came...
