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Table Of Contents

reSidentiAl houSing choiceS
Demand for land and creative planning CURIOSITY
residential Zoning restrictions
Multi-family dwellings (up to 4 units)
the need for intensification
BuilT forM anD The planning process
gAted coMMunitieS
overview
MasTer associaTion
neighBourhooD associaTions
coMMon vs. privaTe aMeniTies
the canadian experience
the ontario Marketplace
MAture Adult reSidenceS
Mature Adult housing choices
exisTing hoMe
flex-housing CURIOSITY
conDoMiniuM
reTireMenT coMMuniTies
reTireMenT resiDences
long TerM care faciliTies
care home legislation
life leASe coMMunitieS
Structure and characteristics
termination
lAnd leASe coMMunitieS
legislative requirements
righTs anD responsiBiliTies
drafting the Agreement of purchase and Sale
provision regarDing rules anD regulaTions
provisions concerning lease assignMenT
fActory-built houSing
types of factory-built homes
construction
co-operAtive houSing
co-operative corporations Act
regisTraTion
types of co-operatives
co-op financing MARKET MEMO
Agreement of purchase and Sale
co-ownerShip
tiMeShAre
fee ownership interest
right-to-use interest
consumer protection Act
KNOWLEDGE INTEGRATION
Residential Condominium
CreatIng a COndOmInIum
planning act requirements
DrAft plAn AnD finAl ApprovAl
Construction requirements
Condominium registration
COndOmInIum StruCture and typeS
Units vs. common elements CURIOSITY
COndOmInIum gOvernanCe
enforcing the Declaration RESIDENTIAL CASE LAW
the reSaLe COndOmInIum agreement
drafting the agreement
carefully review All clauses CAUTION
clAUse 7: coMMon expenses
clAUse 8: pArking AnD lockers
clAUse 13: stAtUs certificAte AnD MAnAgeMent of conDoMiniUM
clAUse 17: ApprovAl of the AgreeMent
Key COnSIderatIOnS: reSaLe unItS
lien (coMMon expenses)
stAtUtory fUnD reqUireMents
Status Certificate
contents
other AgreeMents
certificAte not proviDeD/inforMAtion oMitteD
stAtUs certificAte clAUse
use restrictions
owner Alterations and Additions CAUTION
Use restriction clAUses
Special Clause: Common elements Condominium
the true cost of condominium PERSPECTIVE
Condominium termination
Residential Leasing
LeasehOLd Interest
types of tenancy
residential vs. Commercial tenancies
PrinciPal Use
statUtory exemPtions
purpose
essential elements
Lease vs. agreement to Lease
Drafting an agreement to lease
agreement to lease (orea form 400)
rental aPPlication (orea form 410)
sample agreement & application
agreement tO Lease—CLauses
Credit Check
no Lease to be signed
Chattels, maintenance and related Issues
First right of refusal
LandLOrd and tenant BOard
mediation vs. adjudication
resIdentIaL tenanCIes aCt
starting a residential tenancy
rental History/creDit references
Pet Provisions
rent DePosit
rent provisions
lawfUl rent
rent increase—general Provisions
rent gUiDeline
increases above gUiDeline
access and entry rights
general access/locking systems
lanDlorD rigHt of entry
assignments and subletting
assignment
sUbletting
termination (By Landlord)
before enD of PerioD
at enD of PerioD/term
termination (By tenant)
abanDoneD
special tenancy situations
conDominiUm conversion
Cottage Property
COttages and the reCreatIOnaL market
COnstruCtIOn
structural movement
Footings
Piers
roof Construction/pitch
decks/porches
drainage
do It Yourself Work
Wood stoves
Winterization
retaining Walls
DraFting Clauses
Water WeLLs and Waste dIspOsaL sYstems
Water Quality
Water sourCes
Contamination/testing
Preventative measures
Well DisinFeCting
Private Well—Water treatment
sewage (septic) system
raiseD absorPtion beD
WaterfrOnt ImprOvements
public Lands act
Boathouses/docks
boathouse lease Program CAUTION
dredging and related activities
summary: When a Work permit is required
aquatic plant Control
acid rain/lake acidity FOCUS
ChemiCals (herbiCiDes)
PhysiCal/meChaniCal
access and road allowances
roaD alloWanCes (oPen anD unoPeneD)
shore roaD alloWanCe
Private roaDs/rights-oF-Way
blocked access RESIDENTIAL CASE LAW
zOnIng reQuIrements
Cottage zoning: examples
non-Conforming uses
environmental zones/flood plains
servICes
hydro One and telephone services
municipal services
hydro one Policy MARKET PERSPECTIVE
CheCkLIst
Vacant Land
vaCant Land
vacant Land/residential Building Lot
LOT DimensiOns
The Building Lot RESIDENTIAL CASE LAW
Purchase Price (LOT Price vs. Per acre)
saLe suBjecT TO severance
PrOvisiOn Of services
OBTaining a BuiLDing PermiT
BuiLDing LOcaTiOn
The Building Location RESIDENTIAL CASE LAW
vacant Land/Waterfront
Forested Land/Bush Lot
manageD fOresT Tax incenTive PrOgram (mfTiP)
Larger acreages
Sample agreement
The missing acreage RESIDENTIAL CASE LAW
Farm prOperty: OvervIeW
Selling Farm property
the Changing Farm Scene
The smaLL farm
The farm cOrPOraTiOn
The viaBLe farm
Farming Classifications
Farming and nutrient management
nuTrienT managemenT acT
imPacT On LisTing/seLLing
draFtIng OFFerS: prOpertIeS near FarmS
protection for Farmers
municipal By-Law Challenge
normal Farm practices protection Board
drafting Offers
New Homes
the Salesperson’s role
Builder relationships
Formalized arrangements
product knowledge
New hOme CONStruCtION
Building permit
application/documentation
Building code: inspection procedure
otHer inspections
Zoning requirements
Construction Standards
Construction Loans (New homes)
Construction Loans (New Condominiums)
Construction Liens and holdbacks
Basic HoldBack
FinisHing HoldBack
Overview
Ontario New home warranties plan act
tarion warranty Corporation
warranty protection
one-Year WarrantY protection
tWo-Year WarrantY protection
seven-Year WarrantY protection
WarrantY coverage—exclusions
deposit protection
excluded properties
contract or custom Built Homes CAUTION
Delayed Closing
Substitutions
warranty Certificate/pre-Delivery Inspection
Customer Service Standard
warranty requests
perFormance guidelines
DraftINg a New hOme agreemeNt
agreement of purchase and Sale (Orea form 100)
scHedule: tarion WarrantY corporation
agreement of purchase and Sale (BILD)
KNOWLEDGE INtEGratION
The Grow House DISCIPLINE HEARING DECISION
Deterring Fraud—A Concerted Effort CURIOSITY
Compliance Overview
Suspicious Transaction
TErrorisT ACTiviTy FinAnCinG
GuiDElinEs
sPECiFiC inDiCATors
Terrorist property reporting
large Cash Transactions (Over $10,000)
Identification Verification
receipt of Funds
Compliance regime
risk AssEssMEnT
reporting/record Keeping
Diligence is uppermost CAUTION
auCTIONS
auctioneers
ExEMPTion: rEBBA 2002
The auction process
PrEviEw/MArkETinG
TyPEs oF AuCTions
THE AuCTion
hOmE STagINg
Interior rooms
Curb appeal
what About the vacant House? CURIOSITY
rEBBA 2002—Commission/Fee CAUTION
Introduction
Learning Outcomes
reaL eState aND the eNVIrONMeNt
regulatory requirements
risks in Listing/Selling
hazards
environmental assessment
auDit
eNVIrONMeNtaL hazarDS
asbestos
ClassifiCation
DeteCtion/MeasureMent
renovation work
electromagnetic Fields (eMFs)
nature of eleCtriC anD MagnetiC fielDs
a Matter of Personal Judgement CAUTION
Power Delivery systeMs
Lead
Mould
DeteCtion
negligent Construction RESIDENTIAL CASE LAW
radon
reMeDial aCtion
Urea Formaldehyde Foam Insulation (UFFI)
Be environmentally aware PERSPECTIVE
UNDerGrOUND StOraGe taNK (FUeL)
Leakage
Disclosure
Upgrading/removal
other fuel-related requirements CAUTION
Drafting Clauses
GreeN bUILDING aND eNerGy eFFICIeNCy
expanded perspective
eCologiCal Benefits
inDoor air Quality
waste reCyCling/Diversion
energy efficiency
enerGuide
energuiDe for eQuiPMent anD HvaC aPPlianCes
energuiDe for Houses
eNerGy Star®
energy star® for new HoMes
SECTION III
Contractual and Title-Related Problems
CONTraCTuaL ISSuES
aSSIgNINg aN agrEEmENT
Liabilities vs. rights
assignment by Buyer
assignment Clauses
Summary
Assignment Complexities CAUTION
assigning a Lease
Subletting
Mortgage Assignment CURIOSITY
OBTaININg INSuraNCE
Insurance Overview
Insurance Clauses
hErITagE prOpErTy
Background Information
be insurance Savvy PERSPECTIVE
real Estate perspective
ClAuSe in AgreeMent
Ontario heritage Trust
MuniCipAl HeritAge CoMMitteeS
ConServAtion review boArd
Key Statutory provisions
HiStoriC or ArCHiteCturAl vAlue
HeritAge ConServAtion diStriCtS
heritage Easement agreements
Current information is A Must CAUTION
pOwEr Of SaLE
Listing/Selling procedure
CertifiCAte of power of SAle
MArketing tHe power of SAle property
Seller Selling under power of SAle
TITLE-rELaTEd prOBLEmS/dISpuTES
Seller Selling Under Power of Sale
rOad aCCESS
road access act
reAl eStAte perSpeCtive
building permit and insurance CAUTION
ACCeSS ClAuSeS
hIghway aCCESS
HigHwAy ACCeSS ClAuSe
Line fences act
fenCe ConStruCtion
municipal fence By-Laws
ShOrE rOad aLLOwaNCES
Encroachments
Closings
addressing unique Circumstances
ShOrELINE OwNErShIp
SECTION IV
Getting Started
a DIffErENT MINDSET
PrEParINg fOr ThE fIrST wEEk
STEP 1: use waiting Time Productively
STEP 2: understand Your Contractual Obligations
The employed SaleSperSon
SaleSperSon reSponSibiliTieS
brokerage reSponSibiliTieS
independenT ConTraCTor reSponSibiliTieS
STEP 3: assemble Needed Expertise
STEP 4: get ready for the Brokerage
STarTINg aT ThE BrOkEragE
STEP 1: finalize rECO registration
reCo proCeSSing STepS
open houSeS
for Sale by oWnerS (fSbo)
expired liSTingS
The Seller’s instructions CAUTION
Cold Calling
STEP 2: Build Listing Sources
Why are listings So important? CURIOSITY
STEP 3: Seriously Consider a Prospecting farm
farming: getting Started MARKET MEMO
STEP 4: work Your Plan
PrEParINg fOr CarEEr fIrSTS
The first Conversations
handling The inComing Call
preparing for opporTuniTy (duTy) Time
meeTing The proSpeCT
aSking The righT QueSTionS
The power of Scripts PERSPECTIVE
The first Showing
asking for The first Offer
Preparing the first Offer
TIME PLaNNINg: ThE fIrST TwO wEEkS
what Business and Income will You generate?
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Course 3 Residential

Course 3 Residential

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Published by Paul George

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Published by: Paul George on Jan 19, 2012
Copyright:Attribution Non-commercial

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04/19/2013

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