Understanding Breach of Real Estate Contracts in Ontario: Rights and Remedies
Understanding Breach of Real Estate Contracts in Ontario: Rights and Remedies In the complex world of real estate transactions, agreements are vital for outlining the terms and conditions between buyers and sellers. When one party fails to uphold their obligations, it results in a breach of contract. This blog post will explore the key components […]
Breakdown of Power of Sale in Ontario
Breakdown of Power of Sale in Ontario When a homeowner in Ontario falls behind on their mortgage payments, the lender has the legal right to sell the property to recoup the money owed. This is known as a power of sale. While this process can be stressful and overwhelming for homeowners, understanding the details of […]
Tenanted residential properties under the power of sale in Ontario
Tenanted residential properties under the power of sale in Ontario For tenants, borrowers and lenders, it’s essential to know the legal implications when a lender takes possession of a residential property subject to a tenancy agreement. What happens to tenanted residential properties under the Power of Sale in Ontario? In accordance with the Mortgages Act, […]
Breakdown on Fees That Can be Claimed by a Lender.
Breakdown on Fees That Can be Claimed by a Lender. As a lender, it is important to understand what fees you can legally charge borrowers. While there are many types of fees that lenders may want to charge, not all fees are allowable under the law. It is important to understand what fees are permissible […]
Understanding the Notice of Sale and Its Legal Requirements
Understanding the Notice of Sale and Its Legal Requirements A notice of sale is a document that a lender issues to a borrower who has defaulted on their mortgage, notifying them that the lender intends to take possession of and sell the property. The notice of sale serves as the lender’s authorization to sell the […]
Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020
Bill 184, Protecting Tenants and Strengthening Community Housing Act, 2020 On July 21, 2020 Bill 184, title “Protecting Tenants and Strengthening Community Housing Act, 2020” received royal assent. The most significant change in this Bill for landlords, is the ability to streamline the eviction process for non-payment of rent. As a result of this Bill, […]
Providing Notice of Termination When Evicting A Tenant
If a landlord decides they want to end their tenancy agreement with their tenant, the first step is to provide the proper notice. The Notice Form will change based on the reason the landlord is terminating the tenancy. The Notice of Termination is an essential step in the landlord’s process of evicting a tenant. The […]
Terminating A Tenancy For Personal Use Of Sale Of The Property
At the end of the term of the residential lease, if the landlord decides that they (or an immediate family member) would like to live in the property or if they choose to sell it and the buyer (or an immediate family member) would like to live in the property, the landlord can give notice […]
Breaches In Real Estate Transactions
An agreement of purchase and sale (“APS”) becomes a binding agreement when both parties sign the agreement and all conditions have either been fulfilled or waived. Once it is a binding agreement, if either party does not complete the transaction, this is considered a breach. A breach of an APS and sale occurs when one […]
The Impact Of The Government Of Ontario’s Cuts To Legal Aid
Nava Wilson LLP was proud to be a Legal Partner for the South Asian Legal Clinic of Ontario and West Scarborough Community Legal Services’ Tamil Community Town Hall. This event focused on the impact of the Ontario Government cuts to Legal Aid and the particular impact on marginalized communities. The lively town hall took place […]