Lawyer Lisa Corne Interviewed by BNN Regarding Developer Property
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Toronto Lawyer Lisa Corne was recently interviewed by BNN for the article titled “Five things to know before buying property from a developer.”
Unlike buying a previously-owned home, purchasers will have to deal with sometimes tricky contracts and specific rules that come along with buying from a developer. For example, developers hold the cards for purchase agreement terms.
“Unfortunately the contracts purchasers are asked to sign are very developer-friendly, and contain clauses that effectively waive rights that purchasers would otherwise have,” said Ms. Corne.
She recommends that purchasers fully read through the contract, and take it to a lawyer. “Even if it’s an unfavorable agreement, you’re aware of what you’re getting into.”
To read the full article, please click here.
Unlike buying a previously-owned home, purchasers will have to deal with sometimes tricky contracts and specific rules that come along with buying from a developer. For example, developers hold the cards for purchase agreement terms.
“Unfortunately the contracts purchasers are asked to sign are very developer-friendly, and contain clauses that effectively waive rights that purchasers would otherwise have,” said Ms. Corne.
She recommends that purchasers fully read through the contract, and take it to a lawyer. “Even if it’s an unfavorable agreement, you’re aware of what you’re getting into.”
To read the full article, please click here.
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