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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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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April 2024
A Guide for LTB Applications
March 2024
Short-Term Rental Agreements
March 2024
The Commission Lawsuit: Moehrl v. NAR
March 2024
Understanding the Status Certificate Review
March 2024
HST Implications for Real Estate
February 2024
How to Communicate Acceptance of an Offer
February 2024
Advocating for Bigger Deposits
February 2024
LTB Notices by Email
February 2024
The Importance of Timely Deposits
January 2024
Dealing with Property Encroachment
January 2024
Identifying Lots in Legal Descriptions
January 2024
Case Law: A Lesson in Disclosure and Defects
January 2024
Commission Reduction in MLS Listings
October 2023
Removing Conditions: Fulfill, Waive, or Amend?
September 2023
Questionable Schedule A Clauses
August 2023
Maintenance Rules for Residential Tenancy
July 2023
Withdrawing a Real Estate Offer
June 2023