Real Estate Transactions
You have read in my previous columns about the duty of a vendor to disclose a latent or hidden defect in a home which a potential purchaser may not see but which the vendor knows about. What about defects in neighbourhoods? If you live in Walkerton and the purchaser...
Real Estate Transactions
Buying waterfront property can have its uncertainties. You may see a property prior to signing an agreement of purchase and sale with the vendor. You like what you see and expect that is what you will be conveyed on closing. However, before closing, there is a problem...
Real Estate Transactions
Vendors and purchasers of rural property in the County of Haliburton should be careful when they deal with representations (warranties) in their agreements of purchase and sale about the working condition of septic systems, or they may end up in court. A common...
Real Estate Transactions
It is common practice in the County of Haliburton for a purchaser of cottage property to hire a home inspector to inspect the cottage as a condition of the agreement of purchase and sale. If the home inspection report is not satisfactory to the purchaser, the...
Real Estate Transactions
If you owe a good deal of money, I am sorry to say that you can’t hide from your creditors by transferring your home out of your name. Here is a true story. In 1992, the wife was injured in a car accident when the husband was driving. The car insurer made statutory no...
Real Estate Transactions
There are various rights you may acquire when you make a purchase of land in a rural area like Haliburton. You may purchase the surface rights to land, such as the gravel or sand that you want because the land is really purchased to develop a gravel pit or the timber...
