Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Posts filed under: Deposits

The Deposit is NOT Consideration in a Real Estate Deal

July 31, 2017 - Updated: July 31, 2017Deposits

The Deposit is NOT Consideration in a Real Estate Deal The deposit is simply a contract term. It is not consideration. It is not an esse ...

Tagged with: deposits consideration contract formation ontario law

Deposit Forfeiture Upheld By Court of Appeal (Redstone)

May 7, 2017 - Updated: June 15, 2017Deposits

Deposit Forfeiture Upheld By Court of Appeal (Redstone) Redstone Enterprises Ltd. sold its warehouse in Brantford to Simple Technology I ...

Tagged with: depsits redstone ontario court of appeal forfeiture 7 reasonable not unconscionable ontario law

Magician's Deposit Clause

December 11, 2016 - Updated: December 11, 2016Deposits

The Magician’s Deposit Clause A few Brokerages have been using a clause which they find helpful. From time to time a Buyer decid ...

Tagged with: deposit magician disappears no deposit delayed deposit orea ontario law

Returning the Deposit in a Failed Transaction

November 29, 2016 - Updated: November 29, 2016Deposits

Brian Madigan LL.B., Broker Returning the Deposit in a Failed Transaction What documents do you need? You are goin ...

Tagged with: deposits mutual release direction reco advice ontario law

Suing for the Unpaid Deposit

May 11, 2016 - Updated: May 11, 2016Deposits

Suing for the Unpaid Deposit Bob submits an Offer on Bill’s property for $890,000 with a $50,000.00 deposit, which Bill accepts. ...

Tagged with: deposit unpaid no proof of damages automatic judgment ontario law

30 Rules of Deposits

May 10, 2016 - Updated: May 10, 2016Deposits

Deposit Issues - 30 Basic Rules A deposit is not required to make a contract enforceable A deposit is a sign of good faith A ...

Tagged with: deposits 30 rules orea rebba 2002 breach ontario law

A Safer Deposit Clause for Vendors

July 28, 2014 - Updated: July 28, 2014Deposits

Deposit Payment Protection Clause for Vendors Sometimes the deposit is just not paid. I know that it’s supposed to be paid. ...

Tagged with: deposits standard form agreements option to terminate failed deposit no payment

Deposit – The Law Reviewed

October 23, 2013 - Updated: October 23, 2013Deposits

The British Columbia Court of Appeal recently released its decision in Tang v. Zhang, a case about real estate deposits. Previously, we looked a ...

Tagged with: tang v. zhang deposit law british columbia

Deposits ~ A Primer

October 22, 2013 - Updated: October 22, 2013Deposits

The British Columbia Court of Appeal recently had to consider the forfeiture of a deposit in a real estate transaction. Here’s t ...

Tagged with: deposit real estate transaction buyer default forfeit no penalty

When Must the Deposit Cheque be Deposited in the Bank?

May 6, 2013 - Updated: May 6, 2013Deposits

Featured QUESTION: Salesperson Smith prepares an offer for $435,000 on a property located in Toronto, Ontario, on behalf of Buyer Jone ...

Tagged with: deposits delivery upon acceptance brokerage bank

Two Reasons for the Deposit

February 14, 2013 - Updated: March 1, 2013Deposits

Two Reasons for the Deposit Ontario Real Estate Source By Brian Madigan LL.B. There are actually two ...

Tagged with: deposit secuirty pre-estimate of damages ontario law article

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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