At a time when condos are getting older and need their money for repairs, and with utility costs rising, condo boards simply should not make discretionary spending choices – even if they think they are entitled to.
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.
Large fines have been levied against brokerage firms that have not been in compliance at the time of the audit. Here are some questions to ask to see if you are ready in case the FINTRAC auditors come calling.
A home inspector was ordered to pay almost $19,000 to a buyer, all because he reported on a significant defect verbally, rather than in writing, in a legal decision that will likely keep home inspectors up at night.
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.
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.