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Builder and Developer Series Part 1: The Land Deal
Whether you are a builder or developer looking to purchase vacant land, a tear-down, or a building slated for fit-up or renovation, one of your first steps is going to be making a land deal with the vendor (seller). While...
Purchase and Sale of AIRbnb Properties Part 2
In Part 1 of our series on the purchase and sale of AIRbnb rental properties, we discussed different forms of taxation that may apply when buying or selling a short-term rental property. In Part 2, we will look at city...
Purchase and Sale of AIRbnb Properties Part 1
AIRbnb is a popular online marketplace for short-term rentals, homestays and vacation rentals primarily for tourism and short-term work/assignment purposes. The service is provided by a platform that is globally accessible on the Internet and via Mobile App. AIRbnb does...
Seller Property Information Statement – Do Not Sign
Sellers should not sign the Seller Property Information Statement ("SPIS") for many reasons. First, and foremost, it is not a required document to create a binding Agreement of Purchase and Sale. Next, it is overly complex, technically difficult to complete...
Chattel in an Agreement of Purchase and Sale
When you are purchasing a residential real estate property, you may find that there are some items owned by the Seller which you would like to have included in the purchase price. These are known as chattel. It is important...
Surprise: Agreement of Purchase and Sale is a Legally Binding Contract
So often I hear about buyers making offers to purchase homes conditional on inspection, financing or any other condition, with the belief that they will be able to just "get out" of the deal by "using" the conditions. This is...
