Maintaining a positive cash flow is crucial to the success of your business. But what exactly is cash flow and how can you ensure yours is healthy? Here’s a primer on cash flow: what it is, how it works, and how you can use it to better your financial standing.
Family Law Litigation - Part 2
In most family law cases, parties are to attend at least one of the three conferences available. These include a case conference, settlement conference and trial management conference. These conferences are provided as an opportunity to resolve all or some of the issues, which can save both parties time and costs involved in settling a case.
Family Law Litigation - Part 1
Updates to Ontario Estate Law
Calculating Equalization
If a married couple decides to separate or divorce, both parties are entitled to what is called the equalization of net family property. This means that each spouse is automatically entitled to an equal share of the profits of that marriage. Barring a domestic contract between the spouses, either spouse can apply for equalization of family property under the Ontario Family Law Act (FLA).
Condominium Owners Responsible For Their Tenants Actions
Image Source - Pixabay
The following article demonstrates how a condominium owner was held responsible for their tenants disruptive behaviour by the Ontario Superior Court of Justice.
According to the article written by James Cook in Real Estate Magazine, the decision demonstrates some of the potential perils of renting out a condominium unit and the consequences that may result. Due diligence on potential tenants should be thoroughly conducted by unit owners before entering into a lease, as eviction proceedings are slow and costly. A condominium will be looking to unit owners to cover the costs and any damages that are incurred before a tenant is eventually evicted.
To read the full article and further reason as to why the courts ruled in this favour, CLICK HERE
Carson Law can help with your Landlord and Tenant problems. Please contact our Paralegal at paralegal@carsonlaw.ca
What Is Power of Sale and How Can You Avoid It?
A Ban on Blind Bidding
Blind Bidding is where potential home buyers submit a bid without knowing the counter-offers. In the end, this means that the buyer with the accepted offer could end up paying a substantial amount more than what was needed to purchase the property.
Is it possible to ban blind bidding? Read the linked article entitled, “Would a ban of blind bidding make homes more affordable? By Kunal Sawhney in Real Estate Magazine, to gain more insight on this real estate trend.
Carson Law is here to help with any and all Real Estate questions. From first time home buyers to experienced investors, we cover it all.
Contact us today
905-336-8940
info@carsonlaw.ca
Carson Law's Client Spotlight for October - ENSEMBL
Construction Liens
Carson Law's Client Spotlight for October
The Difference Between Terms and Conditions In an Agreement of Purchase and Sale
When an offer is made on a home and an Agreement of Purchase & Sale (APS) is signed, there will be a lot of filling out and reading of paperwork. Knowing the nuanced terms included in the APS is important. Two of the most common items within the paperwork are ‘Conditions’ and ‘Terms’.
A Condition is a clause the buyer needs to waive or fulfill by an agreed time in order for the sale to be finalized.
A Term is used to clarify what the buyer expects to be done or or included in the property.
At Carson Law, we review the Agreement of Purchase and Sale as soon as we receive it and can answer any questions or provide clarification on this important document.
What You Need To Know About Rent Control In Ontario
September Client Spotlight - Investor Girl Diana
Diana is a knowledgeable and experienced Real Estate Investor in Southern Ontario, with several BRRRRs, flips and private lends under her belt. As an avid networker, Diana has leveraged her extensive network to position herself as a valuable resource for aspiring investors by providing her community with a broad scope of valuable information from experts in the field.
Property Boundary Surveys
With the increase in purchases of remote and rural acreages, having a boundary survey completed could add value to your title and mitigate any potential problems with new neighbours.
Today’s blog article written by Freddy and Linda Marks from 3A Group Re/Max, addresses the benefits of having a survey completed along with a horror story of a situation where their buyers were lucky they did.
Leased Property and Tax Concerns
Within a real estate transaction, not all property is transferred in the traditional sense that both the dwelling and the subsequent land are conveyed in fee simple. An increasing number of transactions include purchases where the dwelling is conveyed in fee simple, but the land itself is merely leased to the occupant.
Substantial Damages on a Purchase Property
The article goes over how Ontario’s Superior Court of Justice had addressed two issues; the responsibilities of the seller when substantial damage occurs to a property in between the time of the signed Agreement of Purchase and Sale to the closing date, and what is considered substantial damage to property..
