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Condo Cancellations and Interest on Deposits

Author: 
CAO
Publication date:
November 21, 2022
Article Summary: 

The blog provides information about condominium cancellations and deposits in Ontario, Canada. It explains the rights and responsibilities of buyers and sellers in case of cancellation of a condominium purchase agreement. The article also discusses the deposit protection measures under the Condominium Act, 1998, and outlines the process of releasing deposits. The blog emphasizes the importance of understanding the cancellation and deposit clauses in the purchase agreement and highlights the role of real estate lawyers in protecting the interests of the buyers. The blog also provides resources for buyers to learn more about the purchasing process for condominiums and their rights and responsibilities as buyers.

Keywords: 

condominium cancellations, deposits, Ontario, purchase agreement, rights, responsibilities, deposit protection, Condominium Act, 1998, releasing deposits, real estate lawyers, interests, purchasing process, resources.

Source Citation: 
CAO
Condo Cancellations and Interest on Deposits
November 21, 2022
https://www.condoauthorityontario.ca/condominium-living/educating-condominium-buyers/condominium-cancellations-and-deposits/
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