Real estate agreements often evolve as negotiations progress. A buyer may want additional equipment included in the purchase, a seller may need to clarify an arrangement that does not fit comfortably within the standard form, or the parties may agree on details that require more explanation than the original document ...
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 ReadingEnvironmental risk can be one of the most consequential issues in a commercial real estate transaction because the condition visible above ground does not necessarily tell the buyer what has occurred on, beneath or around the property over many years of use. A modern warehouse may occupy land that was ...
Continue ReadingMany commercial tenants focus heavily on the advertised rental rate when searching for industrial, office, or retail space. However, in Ontario commercial real estate, the “base rent” is often only one portion of the tenant’s total occupancy cost. One of the most common lease structures in commercial real estate is ...
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 ReadingWhen you buy a property, you buy any latent defects. This is why it’s important to properly inspect a property before making an offer to purchase. Patent Defects A patent defect is a defect that is obvious enough that it should be discovered during a reasonable inspection of the home. ...
Continue ReadingThe phrase “terms and conditions” is used so casually that it is easy to assume the two words mean essentially the same thing. In a real estate agreement, however, they often perform very different functions, and understanding that distinction can materially affect how a client evaluates the risk of the ...
Continue ReadingCommercial real estate transactions often involve substantial financial, operational, legal, and regulatory complexity. Unlike many residential transactions, commercial property acquisitions require buyers to carefully investigate: income stability, operational suitability, physical condition, environmental exposure, tenant quality, and long-term investment sustainability. Many costly commercial transaction failures occur not because the opportunity was ...
Continue ReadingBuying your first commercial industrial property needn’t be a daunting experience. You just need to have some basic knowledge and overcome the myths surrounding commercial property. If you’ve never purchased a commercial property before, you’ve probably heard the rumours about buying an industrial space. Do any of these ring a ...
Continue ReadingI’m savvy in real estate. I’ve bought and sold three properties over the past six years and know what I’m doing. Do I really need a lawyer? Regardless of how comfortable or how many properties a person has purchased or sold, each transaction is unique and should be approached as ...
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