Monday, October 27, 2014

Developers PASS along charges from City

You hurried. You trusted the Builders agent. You signed a Standard Agreement ...   Right?

Often in those agreements are legal speak that says you are responsible for all the development charges.  YOUR LAWYER contacts the builders lawyer an CAPPS the closing fees and all development charges in a clause that says they may not exceed XXX dollars. 


“It’s not a question of fairness, it’s more a question of did they review the offer (and) did they get a lawyer to review the offer, were they aware what was in the offer or did they just blindly sign and hope for the best?”
Aaron said that if this was the case, the buyers would have next to no way to avoid paying the fees.
http://www.citynews.ca/2014/09/05/investors-in-brampton-house-development-hit-with-30k-bill/


We keep repeating the lessons learned from this.  Its work that a seasoned Real Estate agent finds instantly, that a lawyer will find when they read the contract details.  The lesson us to call a seasoned and experienced REALTOR. 


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