1. Dealing with Tenants: There are also a number of provisions dealing with tenants on the property and the buyer wanting vacant possession.
  2. Among the biggest cautions is that the buyer relies on his own inspection and investigation regarding quantity, quality and value.

We recommend that a Buyer:

  • Make the offer conditional on buyer’s lawyer approving the terms and conditions of the offer that would include a review of the lender’s schedule to the agreement.
    It’s important that all provisions in a “Power of Sale” schedule be understood before proceeding.
  • Have your lawyer perform a preliminary title search and make a request for any work orders and deficiency notices from the municipality as part of the lawyer review.
  • Make the offer conditional on obtaining a mortgage, being satisfied with a thorough home inspection and report and verifying any information supplied by the Seller if possible
John Noble

John Noble

Sales Representative
CENTURY 21 Today Realty Ltd., Brokerage*
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