Matrimonial Homes

Any property owned and used by both partners who are in a relationship whether common-law, same-sex, or married can be considered a matrimonial home.

The implications of this is that this property or properties will be divided equally when the relationship ends, even if only one party is on title.

Here is a link to an article by Mr. Mark Weisleder in the Toronto Star. Please contact Prince Law Office for advice on your particular situation.

http://www.moneyville.ca/article/1290929–matrimonial-home-or-not-a-500-000-question

How much to disclose?

A recent case questions how much should a Vendor and Real Estate Agent reveal about a residential property. A couple is suing the Vendor, real estate agent and brokerage house for not telling the couple a grizzly murder occurred on the property over 15 years ago.

It will be interesting to see how the courts rule on this.

http://www.nytimes.com/2006/10/25/business/worldbusiness/25comma.html