Tags Posts tagged with "Agreement of Purchase and Sale"

Agreement of Purchase and Sale


In cases where the failure to close the transaction was due to the buyer being unable to secure financing because their bank/financial institution refused to fund, this proved a lot trickier for those transactions.


The interpretation of a “standard” clause by the court is always a coin toss. This is especially true as it relates to interpreting representations and warranties, as the decision in Beatty v Wei highlights.


Determining the residency status of the seller should be completed well before the closing date and should go beyond a simple conversation.


At its essence, an assignment of an Agreement of Purchase and Sale – informally known as "flipping a home" – is a simple concept. What is the benefit to the new buyer? There can be several.