JOINT TENANCY CAN HELP – OR BITE YOU

Posted in: Real Estate- Apr 01, 2015 Comments Off on JOINT TENANCY CAN HELP – OR BITE YOU

Ever heard of joint tenancy? It’s a way for two (or more) people to own property together, and it has a unique twist: when one owner or “joint tenant” dies, the surviving owner/joint tenant automatically becomes the owner of the whole property. This right of “survivorship” flows from holding the property as joint tenants, not […]

IS A BOOK OF BUSINESS FAMILY PROPERTY?

Posted in: Real Estate- Nov 14, 2014 Comments Off on IS A BOOK OF BUSINESS FAMILY PROPERTY?

When married couples split up, they have to deal with how to divide their property (like a house or RRSPs bought during the marriage) and debts. Often, one spouse stays home and raises the children while the other builds up a business. The new B.C. law that came into effect in March, 2013 (the Family […]

SELLER WINS, HOUSE BUYER LOSES DEPOSIT

Posted in: Real Estate- Jul 09, 2014 Comments Off on SELLER WINS, HOUSE BUYER LOSES DEPOSIT

Buying a new house? You usually have to put up a hefty deposit to cinch the deal. This is partly to show your commitment to the deal and also to create a pool of funds for the seller to look to if you walk. (Sellers take note: this can be key if the buyer is […]