For many commercial tenants, occupancy costs are among the largest ongoing expenses associated with leasing retail, office, industrial or mixed-use space. Base rent usually receives considerable attention when the lease is negotiated, but the tenant’s actual cost of occupying the premises often includes much more than the face rent stated ...
Continue ReadingThe search for your dream home is an exciting, albeit frenzied, endeavor. It is filled with endless possibilities; do you want to live in the city or suburbs? Will you live in a condominium, townhouse or a detached home? This is essentially the fun part of home buying before you ...
Continue ReadingHave you made capital gain? That’s great news, because this influx of cash from selling your assets will improve your financial health. However, these benefits may be taxed. Here, I answer seven common questions. 1. What is capital gain? Capital gain represents the profit you make when you sell, entrust, ...
Continue ReadingConditional clauses are one of the most important risk-management tools available in an Ontario real estate transaction, yet they can easily receive less attention than price, closing date or offer timing. In a competitive market, those visible terms often dominate the discussion because they appear to determine whether an offer ...
Continue ReadingUnderstanding the Professional Obligations Behind Real Estate Representation When you hire a real estate professional in Ontario, you are not simply paying someone to find a property, market a home or prepare an Agreement of Purchase and Sale. Registered real estate professionals operate within a regulated framework that establishes important ...
Continue ReadingBuying a business is rarely as simple as comparing revenue, asking price and location. Two businesses can look similar on the surface and still present very different opportunities once you begin to examine how they actually operate, how dependent they are on the current owner and whether the underlying business ...
Continue ReadingFederal money laundering and anti-terrorist financing rules require real estate agents and brokers to collect personal identification information from buyers and sellers. It is the federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) that requires financial institutions and real estate agents, among other professionals and services covered ...
Continue ReadingBuying or selling real estate in another province can seem more complicated than completing a transaction close to home, but in most cases the challenge is not the transaction itself. It is the additional coordination required when the property, the client and the professionals involved are located in different jurisdictions. ...
Continue ReadingMy salesperson showed us two property listings and, in both instances, we wanted to submit an offer. But the properties were sold before the posted offer date. How can this happen? Buyers are sometimes surprised when a property they were planning to offer on is sold before the posted offer ...
Continue ReadingIn competitive Ontario real estate markets, sellers may occasionally receive what is commonly referred to as a “bully offer” or “pre-emptive offer.” These offers are typically submitted: before the scheduled offer presentation date, and are often designed to pressure the seller into accepting early before competing buyers have an opportunity ...
Continue ReadingPowered by IXACT Contact® Real Estate CRM Software
