A reader has written to our panel of experts about a recently acquired property that has turned out to be nearly one-third smaller than she thought she had bought. While making plans to extend the patio and put in a pool in the front garden, the reader and a builder compared the area to the municipal plans. To their dismay, they found that the front fence is on municipal land and the front … [Read more...]
Search Results for: Suspensive condition
Can a buyer be sued for having insufficient funds?
I am seeking advice in regard to an offer to purchase. If a person has signed only the offer to purchase and has been approved for the home loan application, but applied for extended finance to cover the transfer and registration cost to a bank and the application was rejected, can a buyer be legally sued from cancellation reason that they cannot afford without further … [Read more...]
Can I cancel an offer to purchase a property?
I need your advice on my attempt to cancel an offer to purchase one day after the seller had signed his acceptance. The agent told me then that the agreement was irrevocable till a set date which has passed (I didn't understand the document so I told him that I needed a simpler format of the agreement and signed so that I wouldn't lose the property). Now the agent is calling and … [Read more...]
