Now here’s where it gets problematic: the property doesn’t sell after six months. Upset with the result, your client decides to sell the property on his own. The property sells in the seventh month. Are you entitled to your commission?
Most leases require a tenant to obtain insurance that is consistent with the lease terms before they can enter a premises. Despite this fundamental prerequisite to enter, most tenants fail to meet the lease’s insurance provision.
The legal marijuana business is booming and landlords are taking notice because these businesses have a solid cash flow and are able to pay a premium in rent. Make sure the following critical steps are taken to avoid risk.
The common rule is that you must be ruthless during negotiations to succeed. This belief couldn’t be farther from the truth. Not only will you destroy your relationships, but you’ll also fail to have a legally enforceable deal.
This clause is brutal to read and causes confusion. The common solution: ignore it and hope for the best! The problem: if you don’t deal with the confusion you are guaranteed mismanaged expectations, conflict and exploitation.
Should you advise your tenant client to agree discharge all liens? And why is this even in the offer? The problem with the clause in this example is that it doesn’t allow for the tenant to pursue a claim in earnest.
Lawsuits are not inevitable if you know the most likely reasons why real estate sales reps get sued and how to keep yourself from making fatal mistakes. Here are the top three reasons why you’ll get sued.
The Tenant Estoppel Certificate (TEC) is a legally binding document where a tenant represents or promises certain things to be true. These “things” relate to the relationship between the landlord and the terms of the lease.
REM (Real Estate Magazine) is Canada’s premier monthly magazine for real estate professionals. REALTORS®, real estate agents, sales representatives, brokers, owners, administrators, and other real estate industry stakeholders read REM every month for news, analysis, and commentary on Canadian real estate.
REM is independently owned and operated, and is not affiliated with any real estate association or board.