How to Sell Your Strata Unit When Your Strata Alleges You Owe Money
Are you hoping to sell your condo but not sure how to proceed because your strata insists that you owe them money? In order to sell your strata unit when the strata alleges that you owe money, you must dispute the strata’s claim and come to a resolution before you can easily sell the unit. There are a few paths you can try in order to solve your dispute regarding the alleged money owed.
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Understanding a Developer’s Disclosure Statement
When you are looking to buy a home from a developer, they are obligated to provide you with a disclosure statement, which can be long, complex, and tough to understand. Here’s what you need to know.
What is a Property Disclosure Statement?
A property disclosure statement is a statement issued from a seller to a buyer which explicitly outlines information about the property being sold. This...
What is a Breach of Duty in Real Estate?
A real estate agent has multiple duties that they are legally obligated to carry out. If they breach these duties, they can be subject to legal action from their clients. The following is a brief outline of the fiduciary duties that a real estate agent is obligated to perform, and what failure to perform these duties looks like.
Duty of Confidentiality
A real estate agent is trusted with a...
Seller’s Remorse in BC Real Estate – Can a Seller Back Out?
What do you do if you experience seller’s remorse after making a real estate deal? Can you back out? The answer is dependent on your individual circumstances.
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When Can a Seller Terminate a Contract?
There are many reasons why a seller may come to regret their decision after signing a contract to sell their property, such as rethinking the price, finding a more desirable...
My Real Estate Agent is Negligent – What Can I Do?
If you have made a real estate transaction or are in the process of making a real estate transaction with the help of a real estate agent, and you feel that you have been mistreated, it could be that your real estate agent is negligent.
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What is Real Estate Agent Negligence?
Negligence can come in a variety of forms in this context, such as a real estate agent...
Disclosure Obligations in Residential Real Estate Transactions: What You Need to Know
Buyer Beware
Many people know that the doctrine caveat emptor, which means “let the buyer beware,” is applicable to real estate transactions. This means that, for the most part, it is the purchaser’s responsibility to identify any issues with a given property by having it properly inspected and inquiring about the condition of the property/structure that they are buying. However, the seller...
How Specific Performance can Remedy a Breach of a Contract of Purchase & Sale
What is a Contract of Purchase and Sale?
When one party sells a piece of real estate to another party, they enter into a Contract of Purchase and Sale, commonly known as a CPS. This is a contract that stipulates what is required of both parties in order to complete the transaction. If these requirements are not met, the CPS is considered breached and the sale does not go through. Oftentimes...