One of the fundamental terms of your sale contract is the date for closing. So, what happens if a purchaser states that they cannot close on time? This situation is called anticipatory breach and the purpose of this article is to discuss the rights and options available to a seller when a purchaser indicates they require an extension or that they cannot close the transaction at all.
MORTGAGE NEWS - BUILDING YOUR OWN HOME? 5 THINGS TO CONSIDER. Building a house is an exciting adventure and the ultimate way to customize your home. To ensure you have the best experience, I have put together 5 important things to know before getting started.
THE MONEY MACHINE - EVICTING A TENANT – PART II. Last issue we looked at the process involved in evicting a tenant. We saw that the Residential Tenancies Act provides means for a landlord to evict a tenant not only for objectionable behaviour (non-payment of rent, property damage, disturbance to others, etc.) but also because the landlord, either current or newly acquired, needs the unit for himself or for his immediate family.
They say that all good things must come to an end. I don’t know whether that’s true for everything in life, but in the case of Phyllis Gleeson our wonderful manager at Re/Max Garden City Realty, that is exactly what is happening. After 11 great years as manager, Phyllis has decided to retire. Not entirely, since she will continue on with us as a Broker/Salesperson, but her role as full time sales manager has ended as of the end of May.
As landlords we are in the business of attracting and retaining tenants, not getting rid of them. But there are times and circumstances where it becomes necessary to part ways with a tenant. At such times there are specific procedures and time frames that need to be followed.
Statistics show a slight decrease in both sales numbers and in average prices in May as compared to April, across Niagara.
When you pass away, it is important that you do not leave your loved ones with doubt or disagreement about your estate. Having a will prepared before you pass offers important predictability to who will be responsible for managing your estate and who will benefit. Without a will, you are said to die intestate. When you die intestate, your estate is governed by the rules under the Succession Law Reform Act (“Act”). The Act deals with the rights of family members to a deceased person who dies intestate. This article will review a few common scenarios and situations that show how dying intestate may result in surprises to the distribution of your estate for family members.
