condominium builders' Agreements Archives -

Does COVID-19 Impact Condo Lien Deadlines? 

April 20, 2020
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Under the Condominium Act, 1998 a condominium corporation is granted specific powers in the event that an owner fails to pay his or share of the common expenses.   Specifically, section 85 entitles the corporation to a lien against the defaulting owner’s unit, which can be the first […]

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Assigning an Agreement of Purchase and Sale (Prior to Closing)

September 3, 2016
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What is an Assignment of an Agreement of Purchase and sale?

At its essence, an Assignment of an Agreement of Purchase and Sale – informally known as “flipping a home” – is a simple concept:  A buyer of a new home allows someone else to take over the purchase contract […]

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Beware of Hidden Fees in Builders Agreements!

April 26, 2016
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If you have bought or sold before and are looking to buy a newly-constructed single-family home or condominium, the potential pitfalls and unique features may not be obvious:  many parts of the transaction will seem routine, and will be no different from any other real estate […]

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