Brian Madigan LL.B., Broker

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

96 Rexdale Blvd. 
Toronto, Ontario 

Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

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Posts tagged with: deposit

Is a Deposit Consideration for a Contract?

February 18, 2018 - Updated: February 18, 2018Deposits

Is a Deposit Consideration for a Contract? This question keeps coming up, so let’s have a look at it. There are a few thin ...

Tagged with: deposit consideration contract creation formation performance ontario law

“Earned Payment Non-refundable Deposit” Clause

January 22, 2018 - Updated: January 22, 2018Contracts

“Earned Payment Non-refundable Deposit” Clause We looked at the issue of the proper need to adjust the wording in respect to ...

Tagged with: non-refundable deposit clause agreement deposit forfeiture penalty explanation ontario law

Mediation as the Solution for Defaulted Real Estate Transactions

October 8, 2017 - Updated: October 8, 2017Litigation

Mediation as the Solution for Defaulted Real Estate Transactions The Spring GTA real estate market saw a sudden and unexpected increase in p ...

Tagged with: mediation defaulted real estate transactions bad market deposit sue buyer no closing ontario law

Brokerage: 5 Business Days Deposit

September 21, 2017 - Updated: September 21, 2017RECO, OREA

Brokerage: 5 Business Days Deposit Question: The Listing Brokerage has 5 business days to deposit the down payment money in ...

Tagged with: deposit funds trust account timing reco ontario law

Get the Deposit Paid even with an Uncertified Cheque

September 3, 2017 - Updated: September 3, 2017Deposits

Get the Deposit Paid even with an Uncertified Cheque Payment of the deposit is a “key” component in most agreements. If it&r ...

Tagged with: deposit cheque uncertified delivered no nsf proof good deposit ontario law preiano v. cirillo

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

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

No Deposit - Seller's Options!

April 10, 2016 - Updated: April 10, 2016Contracts

No Deposit: The Seller’s Options! What can the Seller do if the deposit is late or doesn’t arrive at all? There ...

Tagged with: deposit none late breach of contract essential term fundamental term terminate contract ontario law

Deposits - Selecting the Right Clauses

April 7, 2016 - Updated: April 8, 2016Contracts

Payment of the Deposit and Selecting the Correct Clause From time to time agents run into problems with the deposit clause in the stan ...

Tagged with: deposit clause orea agreement certified cheque interest amount stakeholder ontario law

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

Deposit Failure and the Better Contract Consequence

August 14, 2013 - Updated: August 14, 2013Contracts

Oliver Wendell Holmes made it quite clear that there are two reasonable options with every contract: fulfill it, as required, or ...

Tagged with: deposit not paid breach consequence right to terminate ontario law

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,

Phone: 416-745-2300

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