Paralegal Licencee/Member
Law Society of Upper Canada

Member of the
Paralegal Society of Ontario

A. PERLMAN PARALEGAL SERVICES
Professional Corporation

Tagged Under: Deposits

Paralegal Case Studies

How to Obtain the Buyer’s Deposit Money after the Buyer Defaults on the Purchase of Your Residential or Commercial Property, Even If the Purchaser Left Canada

Allen Perlman - Published on 5/17/2021 08:42

An individual sold his residential property located in Etobicoke. The buyer put down a $10,000.00 deposit at the time of entering into the Agreement of Purchase and Sale. On the day of closing, the buyer was not able to close and the sale did not go through. At law, the buyer would forfeit his $10,000.00 deposit to the seller for his breach of the agreement. However, the buyer refused to agree to allow the real estate brokerage firm which was holding the $10,000.00 in trust to pay it to the seller. The seller retained me to obtain the $10,000.00 deposit money for him.

Can I Get My Deposit Back?

Allen Perlman - Published on 5/10/2021 10:49

Depending on the circumstances, in some cases you may be able to get your deposit back, or at least part of it, even if you are unable to complete your house purchase on the scheduled day of closing.

Small Claims Court Paralegal

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