How much risk can you afford?
August 23, 2021 By Brian Babcock A financing condition is common in a residential agreement of purchase and sale. It exists to protect the buyers if they cannot get the necessary loan to buy the property. If not waived, it allows them to walk away and the sellers then must remarket the property, with no […]
Watch Your Lease Renewal Dates
August 23, 2021 By Brian Babcock The Ontario Court of Appeal has given the duty of good faith in performing contracts a narrow reading, refusing to apply it to grant relief from forfeiture in a situation where a commercial tenant was outside the agreed dates for attempting to renew its lease. The case involved a […]