Month: February 2015
How A Notice Provision Can Kill Your Deal
February 19, 2015
Author:
John Fox
You know that most real estate purchase agreements are conditional on some kind of inspection carried out by the Purchaser. The Purchaser gets to waive or not waive the conditions. If the Purchaser waives, the deal is said to be “firm”, meaning the purchaser can’t get out of the deal anymore. If the Purchaser does[…]
Parkland Dedication Fees Capped by OMB
February 13, 2015
Author:
Leor Margulies
The development industry scored a huge victory a few weeks ago when the OMB rendered its decision capping parkland dedication fees in Richmond Hill’s Official Plan to 25% of the maximum amount otherwise allowed under the Planning Act. Under the Planning Act, a municipality may charge up to either 5% of the land value of[…]
La vente sur plan et ses surprises
February 9, 2015
Author:
Me Ghislain Raymond
9 février 2015 – Il arrive fréquemment que les gens se portent acquéreurs d’un condo alors que la première pelleté de terre n’est pas encore amorcée. En fait, ces gens achètent leur condo sur la base de documents remis par le promoteur (« contrat préliminaire ») et sur les plans du futur immeuble qu’on leur présente. En termes[…]