Our lawyers work with clients who are buying, selling, financing, developing and leasing real estate. They have years of experience in working with both corporate and individual clients, and use this experience to ensure clients receive efficient and quality service. They can assist with closing your transaction, drawing and reviewing contracts and commercial and residential leases, strata property issues, Land Title issues, and subdivisions.
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Real Estate News
Offers to purchase or sell real estate are often conditional on or subject-to something happening. For instance, the offer to purchase could be subject-to the buyer obtaining financing or being satisfied with the results of a home inspection. If the conditions to the purchase and sale are not met, typically the sale will not complete. […]
When a person is selling their house, they may complete a Property Disclosure Statement (PDS). A PDS contains a series of questions about various aspects of the property and, for each, asks the seller to indicate whether or not they are aware of any issues or problems with that aspect. Examples include:Are you aware of […]
If a person agrees to buy a home and fails to complete the purchase, they may be liable to the seller for any damages suffered as a result of the failure to complete. That is what happened in Panegos v. O’Byrne, 2019 BCSC 679.In this case, the defendants agreed to buy the plaintiffs’ two condo […]
Sellers can be held responsible if they fail to disclose certain defects or problems with their property. That is what happened in Karner v. Kuhnke, 2021 BCSC 1942.In Karner, the defendant-sellers had listed their rental property for sale. They hadn’t lived at the property for 8 years and it was tenanted at the time of […]
Everyone’s likely heard the phrase “buyer beware”. It’s not just sage advice, but a legal principle. Also known as caveat emptor, the principle of buyer beware remains a force to be reckoned with especially when it comes to buying a home.Caveat emptor places the responsibility on the purchaser of real estate to satisfy themselves as […]
Initial OfferUpon viewing a property and wanting to buy it, a potential buyer will make an offer. The seller may reject or accept the offer, or they may make a counter offer and negotiations will follow. The document containing the offer is called a Contract of Purchase and Sale, and will be amended based on […]
Over the last year, there have been substantial changes to the Residential Tenancy Act and Regulation affecting the relationship between tenants and landlords. The biggest change is the removal of vacate-clauses from fixed-term tenancy agreements unless the tenancy unit is going to be occupied by the landlord or a family member. In the past, these […]
The “investigation” period is one of the most important stages in purchasing property. This is the time between your offer being accepted and removal of the conditions you included in your offer. Common conditions include approval for financing and insurance, and an inspection of the property. These conditions are often referred to as “subjects” as […]
When you have chosen the home you want to buy, you make an offer to the seller. The offer is usually made in a standard written contract of purchase and sale. The offer includes: The property, the parties (i.e. the buyer and seller) and the price. These are the basic terms of any sale contract. The […]