Cancel The Purchase Agreement

If you move away from a store, not only do you lose your deposit, but you can also be held responsible for any damage caused to the other party, such as for example. B the missed opportunity to sell to someone else, expenses resulting from a late move or loss of the seller`s deposit for another house, which is intended for purchase. The so-called “specific service” remedy (for you to complete the purchase) is an unlikely event, but a court could still make you liable for the total purchase price plus legal fees and expenses. For more information on buying or selling a home, contact the Ontario Real Estate Association or visit orea.com. . . .

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