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Martin Rumack

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Toronto lawyer Martin Rumack’s practice areas include real estate law, corporate and commercial law, wills, estates, powers of attorney, family law and civil litigation. He is co-author of Legal Responsibilities of Real Estate Agents, 4th Edition, available at the TREB bookstore and at LexisNexis. Visit Martin Rumack’s website.

Court awards buyers $150,000 after seller reneges on house deal

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An Agreement of Purchase and Sale is just like any other legal contract: Once duly signed, it is binding and must be honoured according to its terms. In a recent case, the seller of a home learned this principle the hard way.

Unconditional offers to buy are binding, appeal court rules

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An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspection, sell their existing home and/or other stipulations.

Beware the coming changes to trusts

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As you may have been advised by your accountant and/or your tax lawyer, the CRA has introduced new disclosure and reporting rules effective for the 2021 taxation year. Will these new requirements open a Pandora’s Box?

Does COVID-19 impact condo lien deadlines in Ontario?

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Essentially, the corporation has a deadline or “limitation period” within which that registration must take place, or else it loses its lien-related rights against the unit owner. The big question is whether government measures relating to COVID-19 have “stopped the clock” on that deadline for the time being.

Setting up a home business: What you and your clients should know

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If you or your clients are thinking of operating a business from their home, here are some things to consider.

Help your clients go mortgage shopping

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A commitment to the right (or wrong) mortgage can last for years and years, and will have a serious impact your finances. Here are the key factors your clients must consider.

Kitec: What buyers and sellers need to know

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Some homes that contain Kitec have reportedly been riddled with problems: deterioration of the fittings, as well as the disintegration of the pipes themselves in some cases.

Check your wills: A questionable ruling

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Recently an Ontario court handed down an important ruling in a case called Re Milne Estate, and it’s one that could impact the validity of your wills.

Marijuana and condos: You can’t smoke just anywhere

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What condo owners and tenants may not realize is that the right to use cannabis is not unrestricted. The legalization of marijuana does not give people free rein to smoke just anywhere they like.

Beware the HST rebate rules

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Are you buying a new home with someone else? Don’t get caught by the HST rebate ineligibility rules!