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2 days ago · Property Damage Charges in Canada. When property damage happens, landlords have the right to seek compensation to cover repair costs, ensuring the property's condition is restored. This compensation is typically sought through property damage charges, which must be handled with diligence and fairness. How to Determine Property Damage Charges.
Feb 18, 2020 · Based upon decades of our experience with real estate decision-makers, we not only consider a serious look at ethics in real estate as educationally essential, but a topic that has daily application in the business world. Consider just a sampling of the basic ethical vocabulary: responsibility, trust, integrity, fairness, truthfulness.
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Oct 25, 2024 · Property Search and Offer Process : When purchasing property, the buyer typically starts by hiring a licensed real estate agent to facilitate the search. Once a suitable property is identified, the buyer submits a formal offer to purchase. In provinces like Ontario and British Columbia, this offer often takes the form of a “Purchase and Sale ...
Nov 4, 2014 · Why Are Real Estate Deposits Different? The general principle in contract law is that penalty clauses are unenforceable. The seller can keep the defaulting buyer's deposit only when it is a reasonable estimate of liquidated damages.
Mar 4, 2024 · Real estate law is composed of various elements, each addressing different facets of real estate transactions and property rights. Understanding these components is crucial for anyone involved in real estate, from buyers and sellers to landlords, tenants, and legal professionals.
Jul 23, 2024 · The extent of the seller’s obligations to disclose defects depends largely on the nature of the defect and the circumstances surrounding the property sale. Your legal recourse will generally depend on whether the defect is ‘patent’ or ‘latent’.
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Nov 3, 2023 · One common legal claim against real estate agents is negligence in their fiduciary duties. One of the most important fiduciary duties of a real estate agent is to be honest and make decisions based on the best interests of their client.