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Seller beware

Thursday, July 02, 2015 @ 8:00 PM | By Peter Neilson

From time to time real estate lawyers are asked a question like this: “We’ve had a flood but we’ve fixed it. Do we have to tell the buyer?” Or: “Should I complete a seller property information statement?”

The recent Ontario Court of Appeal decision of Soboczynski v. Beauchamp [2015] O.J. No. 2055 contains interesting commentary on entire agreement clauses in the standard residential agreement of purchase and sale, and on the use of the seller property information statement (SPIS). In the somewhat unusual circumstances of the...