Mortgage Dispute, Enforcement and Litigation
Disputes can arise due to many reasons in real estate transactions. You may be part of an agreement where the other party did not follow his obligations as noted in the purchase agreement.
Real estate disputes can have many forms. In one case, you purchased a house and later discovered defects in it, which were not shared with you before the agreement. In another case, one party breaches the purchase agreement of a property; the other party will have the right to sue or take suitable legal action. These disputes are referred to as real estate litigation when they are contested in the courts for resolution.
Buying, selling and leasing of property, both commercial and residential are governed by real estate and contract laws of Ontario. In a real estate transaction, all parties sign an agreement which lays down the terms and conditions. If one party does not honor their part of the contract; the other party has the right to sue and enforce legal action.