When buying a home, many homeowners opt for co-ownership of the property. Some people assume that if they pass away, their estate will automatically inherit the property. However, this hinges on the type of co-ownership arrangement they choose. To prevent…
Buying a property is an exciting milestone for many individuals. Aspiring homeowners strive to purchase a flawless property to avoid potential real estate litigation, assuming sellers must disclose defects in the sale and purchase agreement. However, this is not always…
Zoning laws restrict landowners or property owners in how they can use or develop their land or building. For example, most municipalities prohibit building residential homes near industrial parks or power plants. Many cities also have zoning bylaws that limit…
When purchasing a property, buyers often focus on visible aspects and immediate concerns. However, some issues may lurk beneath the surface, only revealing themselves months or even years after the transaction. These hidden problems, known as latent defects, can lead…
If a purchaser or seller fails to close a real estate transaction in accordance with the agreement of purchase and sale (“APS”), they may expose themselves to significant liability. The APS is a legally binding contract that provides certainty, obligating…