O'Connor Richardson

12/15/2021

If a party breaches a contract they can potentially be held liable for damages even if they didn't benefit front he action, says Toronto Civil Litigator, and partner at O'Connor Richardson, Sarah O'Connor.

O'Connor states that litigation involving real estate often arises when buyers try to back out of deals if they can't raise the financing, or when sellers try to back out, believing they can get a better price by relisiting in a market that may have recently heated up.

"In both cases, people have to realise that a contract is a contract and must be honoured by both parties, or else damages could be awarded by the courts,".

In a contract dispute? Call us for a free consultation.

12/14/2021

Many entrepreneurs decide to begin business with family members or friends who are particular interests or skill sets. Oftentimes in these situations, they focus all of their attention towards growing their venture and neglect the importance of putting their agreement in writing.

Many entrepreneurs may be surprised to find out that if they do not explicitly describe the terms of their agreements the law may automatically determine that they are in a partnership, which results in liabilities and benefits that every partner should be aware of. Understanding how a partnership works and when it exists can help to avoid future disputes that may result in corporate or civil litigation.

If you are involved in an unclear partnership and require legal guidance, contact us for assistance in navigating your disputes.

12/01/2021

If you sign an agreement to buy a property and your financial circumstances change, don't think it will be easy to pull out of the contract, says Toronto Civil Litigator Sarah O'Connor.

There is no cooling-off period when it comes to APS agreements for real estate. Buyers can only protect themselves by making offers on conditions such as financing.

For example, if you agree to purchase a 1 million dollar home and subsequently pull out the seller can sue for breach of contract.

Have more questions? Contact us at 416 365 7878 for a free consultation.

11/26/2021

Steps:
1. Negotiation: Negotiate with the tenant and offer cash for keys.
2. Issue an N12: If negotiation doesn't work out you can issue an N12 to the Tenant available on the LTB Form.
3. Apply for Eviction using an L2.
4. Attend the Hearing
5. Post-Hearing: You should receive a decision between 3-8 weeks from the LTB.

If you want to evict a tenant, contact our office for a free consult. We may be able to assist in negotiations with your tenant to avoid the stress, expense, and uncertainty of a board hearing.

11/26/2021

In Ontario, Debt Collection Agencies can only call debtors from Monday-Sat between 7:00AM-9:00PM and Sundays between 1:00PM-5:00PM.
And can only call a maximum of 3x a week.

In Canada there are no limitations on the length of the period of time during which a collection agency can request payment. With this being said there is a limitation period during which collection agencies can pursue legal action.

Having trouble with a debt-collection agency? Call us for a free consultation. 416-365-7878.

11/26/2021

What are the advantages of incorporating a business?

Immortal: A partnership dies when the owner passes away. However a corporation is immortal.

Easy to Transfer Shares

Protection against Personal Liability
Lower Tax Rates

Increases Credibility

Incorporating can be confusing. Contact us today for a FREE 30-minute consultation to see what the best structure is for your business and steps to incorporate. Call us at 416 365 7878.

11/26/2021

Are you a landlord? Need to a tenant? Find out how to proceed if a purchaser, yourself or family member is planning to move into the property.

As a landlord, you cannot evict tenants on a whim. You must have legitimate reasons for evicting a tenant and this includes having a purchaser of the property move in, moving in yourself, or having a family member move in.

11/26/2021

The Eviction Moratorium has been lifted! Have you been served with an N12 stating your landlord is intending to move into the property? You may have legal remedies. Find out below.

Ontario’s Moratorium on evictions expired on Wednesday June 2, 2021. This means the Landlord and Tenant Board eviction orders can now be enforced everywhere in Ontario.