I remember a wise and great person once told me:

“A verbal agreement isn’t worth the paper it is written on””

Never rely on verbal representations when completing an Agreement or considering an amendment to an Agreement of Purchase and Sale. Always get it in writing to avoid any confusion on closing.

Mark Woitzik is a Real Estate Lawyer in Whitby, and his practice is focused on Real Estate Law, Wills and Estates, and Corporate Law.

If you are selling your property, remember to advise your real estate agent and lawyer of any rental contracts that exist for your hot water tank, furnace, or any other chattel or fixture at the property. There are clauses that can be included in your agreement of purchase and sale that will ensure that the buyer of your property will be responsible for future rental payments of any rental items following closing. If you do not advise your real estate agent and lawyer you may be responsible for payments of rental items at the property following the closing of your sale.

Mark Woitzik is a Real Estate Lawyer in Whitby, and his practice is focused on Real Estate Law, Wills and Estates, and Corporate Law.