I TOOK DOWN MY INSPIRATION BOARD BECA– USE IT GOT TOO DEPRESSING. And, as it turns out, I’m not alone. Setting goals seems like a good idea and we’re all told we should be doing this. For those of us who obsess with achievement, motivation or personal development, I’m sure I won’t be shocking you […]
Buying a property that has a tenant?
Ontario’s Fair Housing Plan has negatively affected more than just the renting market; it’s also negatively affected the process of buying and selling a property. Longer Notice Periods and Longer Closings If you have a client interested in buying a property, but it has a tenant, then make sure to extend the closing date because […]
An Easy Hack to Avoiding a Lawsuit
As a lawyer, manager of a brokerage and a member of the Real Estate Institute of Canada (REIC) I’m surrounded by rules of professional conduct and codes of ethics. All of my actions – whether they’re related to my work or not – are filtered through not only the Law Society’s Rules of Professional Conduct, […]
Actions speak louder than words. Even if those words are in writing.
Whether or not it’s in the commercial or residential world, negotiating is always a messy process that leaves copious amounts of room for mistakes. Like forgetting to waive a condition or forgetting to add or delete a term in an agreement. The real issue is not just the fact that mistakes happen, but whether or […]
If it SAYS it’s binding, is it binding?
A version of this (true) story has happened to every real estate veteran. You’ve spent years chasing a client, a landlord, and another year negotiating the offer to lease. The lease is now in the hands of the lawyers and your hard work is finally about to pay off … if the deal doesn’t die. […]
Happy Canada Day! – The Renaissance of Renting
Home owners – prepare to feel duped. Renters – prepare to feel like Warren Buffet. Alex Avery, author of The Wealthy Renter and Vertica, an award winning property management group, are using cold hard math to prove that your money is much better off spent in the Canadian stock market than on a mortgage. […]
How to avoid a Lawsuit
Lawyers are great assets for any real estate agent or realty team. They’ll help you craft a legally acceptable arrangement, but they have their limits. They won’t help you create a good business deal because that’s your job. And if you don’t do your job your client will be stuck with a bad deal and […]
The Relocation Clause
You’re a professional. You’ve been trained to understand what your client needs. And you know how to find the best real estate. You and your client are excited, you sign the offers and then close the deal. What you may not know is that you’ve made a big mistake. The lease your client just signed […]
Why Your Commission isn’t Protected
Imagine this scenario: you and your client diligently review your listing agreement. You add in an expiration date of 6 months and no over-hold. A few days later your realize that the 6 month expiration date was a mistake; you both agreed via email that the expiration date would be 7 months after the date […]
Thinking like a Lawyer but Acting like a Leasing Guru
Should You Waive Goodbye to this Right or Sign a Release? Most leases require a tenant to obtain insurance that is consistent with the lease terms before it can enter a premises. Despite this fundamental prerequisite to enter, most tenants fail to meet the lease’s insurance provision. This failure can cause delays in construction, occupancy […]
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