The Deposit Is Not a Condition
Zachary Soccio-Marandola
<newsletter@socciomarandola.com>
to me
The Deposit Is Not a Condition
By Zachary Soccio-Marandola · · View online →
The Legal Newsletter for Ontario REALTORS®
To access the full archive of past newsletters, click here.
Reading Time: 3 minutes
💡
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
December 2024
Why You Shouldn't Close on a Friday
November 2024
A Quick Explanation of NRST
November 2024
Let’s Build Next Year’s Topics Together!
November 2024
Buyer Backs Out: What Are the Damages?
November 2024
Disclosure of Related Persons
November 2024
Actual LTB Timelines
October 2024
When Can Landlords Take Photos?
October 2024
Should You Add This to Home Inspection Conditions?
September 2024
Avoid This Common Offer Tactic
September 2024
What You Need to know About "Stigma"
September 2024
1 Simple Way to Avoid Closing Day Headaches
August 2024
A Case Study for Your Next Estate Listing
August 2024
Why a "Lien" Probably Won't Help You
August 2024
Selecting the Title Search Date
July 2024
Are "ARUs" Rent Controlled?
July 2024
First-Time Homebuyer Rebate for Couples
July 2024
How to Read a Title Search
July 2024
The "New" Rent Control Guideline
June 2024
Have 2 Minutes?
June 2024
Did It Really Cost $2?
June 2024