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- In the event of an attempt to cancel a sale, the buyer has two options. They can sue the seller to force them to sell the property at the price offered, or the buyer can try and purchase a similar property, and if they end up paying more for the comparable property, they can sue the original seller for the damages incurred.
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Apr 5, 2022 · However, if the buyer wants to force the sale of the home, rather than seek damages, then the buyer must move quickly as the seller may enter into a new agreement with a third party. The first thing a buyer needs to do is obtain leave to register a Certificate of Pending Litigation ("CPL").
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Mar 8, 2024 · Either person who holds title to a house can force the sale of that house. The situation would be the same no matter if you lived in the house as a couple, or you were roommates that shared the purchase of the house to cut down on monthly expenses.
When enforcing a property sale in Ontario that is jointly owned, it is critical to honor pre-existing agreements, strive for fair outcomes in disputes, and strictly follow all relevant laws and regulations. Neglecting these responsibilities could result in legal issues and potential financial losses.
Dec 11, 2020 · The matrimonial home is the party’s main asset. The mother sought the sale of the house because she needed equity in order to purchase herself a home. The Respondent father has refused to sell the home and instead claims that he wants to purchase the mother’s interest in the house.
Nov 15, 2019 · The answer to this isn’t as simple as it seems. Forcing the breaching party to perform under the contract and either buy or sell the property can be a tricky matter. “Specific Performance” is a remedy in equity, which can be brought by one party to force the other to perform as agreed.
May 26, 2020 · Find out how former spouses or partners in adult interdependent relationships can force the sale of a jointly held home.
Lessons Learned. The court recently examined the interesting question of whether, and under what circumstances, a party can obtain an order to sell their matrimonial home even when their spouse opposes the sale.