The Deposit Is Not a Condition
Zachary Soccio-Marandola
<newsletter@socciomarandola.com>
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The Deposit Is Not a Condition
By Zachary Soccio-Marandola · · View online →
The Legal Newsletter for Ontario REALTORS®
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Reading Time: 3 minutes
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Key Takeaway
An accepted offer is binding even if the deposit is never paid, because the deposit is a term of the contract, not a condition.
An accepted offer is binding even if the deposit is never paid, because the deposit is a term of the contract, not a condition.
There's a misconception in our industry:
Read a sample
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