Posted in Real Estate Litigation
BETTER SUE ON TIME
Posted by John P. Mullen
on 11 August 2022
In general if you have a claim against someone for payment you don't have an unlimited period of time in which to commence a legal proceeding to collect that payment.
The Ontario Limitations Act requires that you shall not commence a proceeding to recover that money after the second anniversary of the day on which the claim was discovered.
Claim
A claim means a claim to remedy an injury,...
Posted in:Real Estate LitigationCommercial LitigationConstruction LitigationWorkplace LitigationEstate Litigation |
ABORTED REAL ESTATE TRANSACTIONS
Posted by John P. Mullen
on 27 July 2022
A real estate deal may not close for any number of reasons.
Generally, if the seller is at fault, the buyer will be entitled to the return of their deposit and Mutual Releases will be exchanged.
However, in this current climate of rising interest rates, it is more common for a purchaser to not be ready or willing to complete the transaction.
Deposit Forfeited
Normally in this situation, the...
Posted in:Real Estate Litigation |