Real Estate

If one of our appliances is listed in the real estate purchase contract as being sold with our home, can we replace that appliance with a different one before closing?

The answer is no. There is an expectation that the buyer will receive the same appliance as was in the home when the offer was made, unless otherwise specified in the real estate purchase contract. The contract also provides that the appliance will be in good working order on the day of closing. If problems […]

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What is a Real Property Report (RPR) and why do I need one?

A Real Property Report, drawn by a qualified surveyor, shows the location of all buildings and improvements on your property. You need this to get a letter or stamp of compliance from the City. And you will need to provide both of these things to the buyer if you are planning on selling your property, […]

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I have purchased a home and I will take possession next month. I drove by the house yesterday and I noticed that shingles have blown off the roof. Can I withhold money from the purchase price until the roof has been repaired?

Unless you have already negotiated a hold back in your Real Estate Contract, you cannot unilaterally withhold money from the cash required to complete the purchase. Immediately ask your lawyer to request a hold back with a specific time limit for the completion of the roof work. If the request for a hold back is […]

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Ask an Expert: Can I be evicted from my condominium even though I own it?

Yes. The Condominium Property Act gives the Court the power to make “any other order appropriate in the circumstances,” which would an include an eviction order when an owner’s conduct has been found to be improper. However, the conduct would have to be serious and the eviction might only be ordered after the condominium corporation […]

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Ask an Expert: I am buying a house in August. Who pays property taxes this year?

Taxes are levied  for the calendar year and are due June 30 in St. Albert. If paid in one lump sum by the seller, you will pay the seller your share of the year’s taxes though the lawyer’s Statement of Adjustments. If the sellers paid the taxes in monthly payments to the City, you will […]

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Ask an Expert: If one of our appliances is listed in the real estate purchase contract as being sold with our home, can we replace that appliance with a different one before closing?

The answer is no. There is an expectation that the buyer will receive the same appliance as was in the home when the offer was made, unless otherwise specified in the real estate purchase contract. The contract also provides that the appliance will be in good working order on the day of closing. If problems […]

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Ask an Expert: Is it a good idea to sell and buy a home on the same closing day?

While the actual moving day will be hectic, from your lawyer’s of view, it can be done. However, if for some unanticipated reason, your sale closing is delayed and the money is received late at your lawyer’s office, the money will not be available to complete your purchase. Your taking possession of the new home […]

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Ask an Expert: Why do I need a real property report and compliance when selling or buying a home?

If you are a seller, the standard real estate contract states that these are documents that you must provide to the buyer, unless set out otherwise in the standard real estate contract. These confirm that the building location warranties given by the seller in the contract are true. If you are a buyer, you will […]

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