Dealing with problems arising post-exchange The standard contract for the sale of land gives the purchaser the right to make aclaim for compensation against the vendor up to an amount equal to 5% of the purchase price. This right can be exercised by the purchaser before settlement, without the risk of the vendor being able [...]

In our last bulletin, we highlighted the dilemma facing vendors and landlords with respect to new swimming pool compliance laws affecting contracts for sale and residential leases scheduled to come into effect in April 2015. Under these new laws, anyone selling or leasing property with a swimming pool must include a Certificate of Compliance in [...]