Refusing to close a property deal can be risky – and expensive

by admin | Sep 19, 2020 | 2020 Toronto Star Property Law Column, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Refusing to close a deal for the unconditional sale of a home in a rising market is never a good idea. It can lead to expensive consequences. That’s what happened in Brampton back in March, 2016. Okey Eze owned a property on Lonetree Ct. He...

Homebuyers should get clear details about fixtures and appliances — including HVAC — in their property deals

by admin | Sep 5, 2020 | 2020 Toronto Star Property Law Column, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca When homeowners agree to sell but neglect to note the property’s heating and cooling system is rented, chances are they will eventually have to buy out the rental contract. That’s what happened in October, 2016, when Edward Yip agreed to buy a...

Ensure your home purchase deal includes an inspection immediately before closing

by admin | Aug 22, 2020 | 2020 Toronto Star Property Law Column, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca It’s the night before closing, the seller has moved out and the buyer wants to do a last-minute inspection to ensure there’s been no damage since the last visit. Is she or he entitled to a day-of-closing inspection if there is no clause in the...

A buyer’s balk over an easement hinges on whether it restricts enjoyment of the property

by admin | Aug 8, 2020 | 2020 Toronto Star Property Law Column, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Can a buyer ever back out of a purchase on the basis of registered easements that entitle third parties to particular rights on the land? My last column dealt with two recent cases where buyers refused to close their deals because there were...

Expensive lessons: Courts tell buyers to pay up after backing out of real estate deals because of easements

by admin | Jul 25, 2020 | 2020 Toronto Star Property Law Column, Toronto Star Property Law Columns

Bob Aaron bob@aaron.ca Fighting failed real estate deals in court can be futile — and expensive — as shown by the verdicts in two recent Ontario cases. In February, 2020, Mohammad Jafar Haghollahi and Parvaneh Yaghoubi signed an agreement to buy a property on Lockwood...