10 Areas to Include in Your Joint Venture Agreement

10 Areas to Include in Your Joint Venture Agreement

 

Ten areas to consider including in your JV agreement include:1

1. Purpose of Joint Venture

Are you buying, fixing, and selling a property together? Are you buying, fixing, and renting a property together? Get really specific on the purpose of this joint venture. That way, both parties are clear and comfortable.

2. Purchaser of the Property

Who is purchasing the property? Sounds a bit obvious — but can be overlooked in some joint ventures. The purchaser of the property is taking on more risk, so this arrangement should be spelled out in the agreement.

3. Term of the Agreement

If you are buying, fixing, and selling a property, you need to put in the agreement how you handle if the property does not sell. You also need to spell out if both partners will be part of the decision-making process of reducing the house price. It is really helpful to include all contingencies and worse case scenarios.

As I shared, we are in the midst of finalizing a joint venture agreement for a fix and flip project with another company. We have specified in the agreement that our partner will determine correct pricing of the finished property and will be in charge of the appropriate timing of reducing the price if need be. Our joint venture partner knows the local market much better than we do, so why would we want to micro-manage these decisions? The key to having a successful joint venture is to be crystal clear on the value each partner is bringing to the table and for the partners to not get involved in areas that are not appropriate for them to get involved with.

4. General Definition Section

Some would say this is just legalese; however, it is helpful to define the key phrases and terms you are using in this agreement. Remember, not everyone defines these common terms the same way.

5. Obligations of the Joint Venture2

In my opinion, this is one of the most important aspects of the agreement. You have to spell out in the clearest terms what each partner is responsible for. This includes who will be responsible for obtaining the commercial loan and how much that commercial loan is for (if applicable). This also includes aspects such as:

  1. Financial: what equity each partner is responsible for 
  2. Operations: who is running the day-to-day operations of the rehab and responsible for bookkeeping and record keeping
  3. Marketing/sales: who is responsible for marketing and selling the finished product

The key here is to spell out every single detail. Include everything. I have never heard partners complain about too much communication in a partnership.

6. Allocations

You might have covered this in another section, but make sure you include the percentage of profits each partner will receive after all liabilities and holding costs, etc. are taken care of. I have seen many joint ventures be 50/50, but sometimes they are 40/60 or 30/70. It completely depends on the value the partners are bringing to the table.

7. Termination

Remember, joint ventures are not meant to be long-term agreements. They are designed to be short-term with a very specific, defined purpose. There is a clear beginning and ending to all joint ventures. These types of details should be spelled out as well in the agreement.

8. Rights and Duties of Parties Included in Joint Venture

This is mostly legalese but helpful to include to protect all parties involved.

9. Payment of Expenses

You need to specify in this section who will be handling funds, who is in charge of the banking relationship (if there is one), who will be paying the contractors and service providers, etc. This should have been covered above in the responsibility section, but if you have not specified how much equity each partner will be putting in, this is another place to add this. Additionally, you should specify in which partner’s business checking account the funds will reside. Money allocation and disbursement is one of the most important areas to cover in these joint venture agreements!

10. Insurance

This is an extremely important section. Many times, joint ventures are not newly formed business entities. Therefore, you should be clear on how this project will be protected with insurance and which type of insurances are important to purchase and maintain during the project. In this section, you need to specify who is purchasing and maintaining the various insurances (worker’s compensation, builder’s risk insurance, property insurance, etc.). Again, I am NOT an insurance agent by any means; however, I know the importance of properly protecting the building and all the contractors that will be working in the building.

In summary, I don’t know many real estate investors that have not at some point entered into a joint venture relationship. Therefore, you want to set yourself up for success from the beginning. Even if you are entering the joint venture with a family member or a good friend, you MUST put an agreement in place so the roles, responsibilities, percentage of profit, and money allocations are specified and clear from the very beginning.

For those who have entered joint ventures, please share your experiences. Are there any other areas that I am missing that are essential to include in an agreement?

Best time to invest in Canadian real estate

Best time to invest in Canadian real estate

Canadian professional real estate investors learn during the apprenticeship some hardcore facts about Canadian real estate investments. Buying and selling requires some insight to be profitable. Since spring and summer months are notoriously the best time to sell real estate in Canada, fall and winter may be the ideal months to buy real estate.

1. Fewer buyers are in the market – less competition1

Competition for houses drops off in the fall in Canada, a time when most people consider it to be off-season in real estate. But there are still homes for sale – and in some cases, there’s just as much inventory as there was during the spring and summer. Fall means new inventory and repositioned old inventory that did not sell in the prime season.

This puts Canadian professional real estate investors at a great position to negotiate. Fall Canadian professional real estate investors should consider making aggressive offers, followed by more aggressive negotiation. Many panic sellers are motivated to sell before the holidays. If possible, Canadian professional real estate investors should let these sellers know that they can close before Thanksgiving or before the school winter break.

22. Greedy sellers can be tired and frustrated

Some greedy property sellers who put their homes on the market during the prime selling times of spring and summer might have been overconfident by listing their homes for more than buyers were willing to spend. After months of little or no action, these tired and frustrated property sellers are often ready to make a deal.

Canadian property owners who were unrealistic earlier in the year about price will now be more willing to reduce the price come fall. Because there are fewer buyers and because the property owners are now eager to sell, they are more inclined to take the lower offer than wait another six months for spring to come around.

3. Sellers become more serious3

Not all homes on the market in fall are summer leftovers. Some Canadian home owners need to sell in the fall because the timing is right. Maybe they were having a home built and it’s now ready. Maybe they need to move because of a job. The sellers with houses on the market in the fall tend to be serious. That means sellers could be more open to negotiating and accepting a reasonable offer.

44. Fall is a better time of year to buy Canadian real estate

Waiting until the fall (to buy) gives you an advantage when learning about a home and the neighborhood. You’ll be settled in your home and can take precautions – like setting up that new alarm system.

5. You’re the center of attention5

Because spring and summer are ideal times to buy a home, realtors are usually busier then. And that could mean you might not always get the attention you want. This is also true for other professionals you’re working with to buy a house. Service providers, such as mortgage lenders and real estate professionals, can often respond more quickly since the summertime crazy market has slowed down.

The same goes for movers. Because summer is peak moving season, Canadians often experience more delays and service issues, such as moving companies reaching capacity and running out of trucks to pick up shipments. The probability of experiencing a delay goes way down in the fall season.

6. You can take advantage of end-of-year sales to outfit your home

More than likely you will be making improvements to your new home after your purchase. Most likely you will need to buy items to maintain your home, and if appliances did not convey with your purchase, you will need to buy those as well.

Wouldn’t it be great to coordinate your home purchase with sales on items you’ll need? September is a great time for buying carpet and paint. October means lawn mowers go on sale, and appliances and cookware are cheaper in November. November is also a great time to take advantage of retailer holiday sales items, which seem to be abundant that time of year.

The best advice is to learn from fellow Canadian real estate experts with decades of experience and proven results.

Always learn from a Canadian real estate investment expert with proven results before investing in Canadian real estate.

 

We are sincerely devoted to helping you create wealth for life with spectacular results in Canadian real estate investments.

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Tax Sale Properties Millbrook-Ontario

Tax Sale Properties Millbrook-Ontario


sale of land by public tender
The Corporation of the Township of Cavan Monaghan

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on November 30, 2016, at the Cavan Monaghan Municipal Office, 988 County Road 10, Millbrook Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Cavan Monaghan Municipal Office, 988 County Road 10, Millbrook.

Description of Land(s):

Roll No. 15 09 030 001 05050 0000; PIN 28032-0088(LT); Lot 4-5 Plan 46Q N Monaghan; Part Lot 3 Plan 46Q N Monaghan as in Q6418; CVN-MIL-NMO. File No. 15-01

Minimum Tender Amount:
$5,183.10

Roll No. 15 09 010 030 22002 0000; PIN 28006-0091(LT); Lot 48 RCP 107 Cavan; CVN-MIL-NMO. File No. 15-02

Minimum Tender Amount:
$7,380.35

Roll No. 15 09 010 030 23401 0000; PIN 28004-0185(LT); Part Lot 14 Concession 8 Cavan as in CMR45708; CVN-MIL-NMO. File No. 15-03

Minimum Tender Amount:
$12,080.44

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender, visit:www.cavanmonaghan.net or if no internet access available, contact:

Kimberley Pope
Director of Finance/Treasurer
The Corporation of the Township of Cavan Monaghan
988 County Road 10
Millbrook ON L0A 1G0
705-932-9322millbrook
DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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Tax Sale Properties Essex-Ontario

Tax Sale Properties Essex-Ontario


sale of land by public tender
The Corporation of the Town of Essex

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Friday, November 25, 2016 at 33 Talbot Street South, Essex, Ontario N8M 1A8. The tenders will then be opened in public on the same day at Town of Essex Council Chambers.

Description of Land(s):

Plan 1242, Lot 11, Town of Essex–Cottage

103 Craig Street

Minimum Tender Amount:$9,540.44

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Donna E. Hunter
Director of Corporate Services
The Corporation of the Town of Essex
33 Talbot Street SouthessexEssex, Ontario N8M 1A8

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Gravenhurst-Ontario

Tax Sale Properties Gravenhurst-Ontario


sale of land by public tender
The Corporation of the Town of Gravenhurst

take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on November 24, 2016, at the Town of Gravenhurst Municipal Office, 3-5 Pineridge Gate, Gravenhurst Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Town of Gravenhurst Municipal Office, 3-5 Pineridge Gate, Gravenhurst.

[b]Description of Land(s):[/b]

Roll No. 44 02 010 013 01905 0000; PIN 48191-0058(LT); Reserve Plan 8 Gravenhurst except Part 1 Plan 35R17598; Gravenhurst; The District Municipality of Muskoka; File No. 10-05

Minimum Tender Amount:
$14,444.30

Roll No. 44 02 030 009 09025 0000; 1008 Sutherland Way, Severn Bridge; PIN 48042-0785(LT); Parcel 2-1 Section 35M695; Lot 2 Plan 35M695 Morrison; Gravenhurst; The District Municipality of Muskoka; File No. 14-63

Minimum Tender Amount:
$30,969.55

Roll No. 44 02 010 003 04600 0000; 425 Pinedale Road, Gravenhurst; PIN 48186-0097 (LT); Lot 163 Plan 26 Gravenhurst; The District Municipality of Muskoka; File No. 15-01

Minimum Tender Amount:
$28,000.07

Roll No. 44 02 010 016 00300 0000; 185 Musquash Road, Gravenhurst; PIN 48194-0052 (LT); Lot 35 Plan 15 Gravenhurst; The District Municipality of Muskoka; File No. 15-04

Minimum Tender Amount:
$11,477.40

Roll No. 44 02 020 045 00101 0000; PIN 48039-0345 (LT); Parcel 27747 Section Muskoka; Part Lot K Concession 18 Wood designated Parts 1 to 4 Plan 35R5419 S/T Parts 2 to 4 Plan 35R5419 as in LT90521; S/T Parts 1 to 2 Plan 35R5891 as in LT114675 and LT114680; Gravenhurst; The District Municipality of Muskoka; File No. 15-11

Minimum Tender Amount:
$6,572.73

Roll No. 44 02 030 004 02100 0000; 1012 S Kahshe Lake Road, Kilworthy; PIN 48043-0647(LT); Part Lot 19 Concession EMR Morrison as in DM320645; Gravenhurst; The District Municipality of Muskoka; File No. 15-14

Minimum Tender Amount:
$63,919.21

Roll No. 44 02 030 009 09000 0000; 1233 Southwood Road, Severn Bridge; PIN 48042-0918(LT); Part Lot 26 Concession 2 Morrison designated Parts 1 to 3 Plan 35R11030 except Parts 4 to 7 Plan 35R22932; S/T DM21752 as amended by DM34254; Gravenhurst; The District Municipality of Muskoka; File No. 15-17

Minimum Tender Amount:gravenhurst$7,702.87

Roll No. 44 02 040 005 11700 0000; 1337 Barkway Road, Gravenhurst; PIN 48050-0069(LT); Part Lot 15 Concession 10 Ryde as in DM282012; Gravenhurst; The District Municipality of Muskoka; File No. 15-20

Minimum Tender Amount:
$5,745.11

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, crown interests, possession of abutting owners, availability of road access, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender visit: http://www.gravenhurst.ca/taxsales, or if no internet available contact:

Krista Reynolds
Admin Clerk III – Revenue & Taxation
The Corporation of the Town of Gravenhurst
3-5 Pineridge Gate
Gravenhurst ON P1P 1Z3
Local: 705-687-3412 Ext. 257
Toll Free: 1-855-687-3412 Ext. 257

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties South Dundas-Ontario

Tax Sale Properties South Dundas-Ontario


sale of land by public tender
The Corporation of the Municipality of South Dundas

take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on November 24, 2016, at the South Dundas Municipal Office, 34 Ottawa Street, Morrisburg Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the South Dundas Municipal Office, 34 Ottawa Street, Morrisburg.

Description of Land(s):

Roll No. 05 06 006 006 94400 0000; 11557 County Rd 18, Iroquois; PIN 66114-0147 (LT); Part Lot 9 Concession 5 Matilda as in DR117931 S/T DRB28501; South Dundas; File No. 13-04

Minimum Tender Amount:$21,559.05

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, crown interests or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Shannon Geraghty
CAO/Treasurer
The Corporation of the Municipality of South Dundas
34 Ottawa Street
PO Box 740
Morrisburg ON K0C 1X0
(613) 543-2673
http://www.southdundas.comsouth-dundas

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
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Canadian Creative Financing Apprenticeship
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Tudor and Cashel-Ontario

Tax Sale Properties Tudor and Cashel-Ontario


sale of land by public tender
The Corporation of the Township of Tudor and Cashel

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Tuesday, November 28, 2016, at the Municipal Office of The Corporation of the Township of Tudor and Cashel, 371 Weslemkoon Lake Road, Box 436, R.R. #2, gilmour, ON K0L 1W0. The tenders will then be opened in public on the same date at 3:05 p.m. at the Municipal Office.

Description of Land(s):

Roll No.: 12 48 000 015 21800

PIN No.: 40222-0104(LT)

Part Lot 24, Concession A, Township of Tudor, now Township of Tudor and Cashel, County of Hastings, as in QR190288, consisting of approximately 0.11 acres.

Minimum Tender Amount:$3,007.33

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Bernice Crocker
Clerk-Treasurer
The Corporation of the Township of Tudor and Cashel
371 Weslemkoon Lake Road
P.O. Box 436
Gilmour, ON K0L 1W0
613-474-2583

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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Canadian Creative Financing Apprenticeship
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Canadian Real Estate Investors Coaching & Mentoring
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Eyewitness Canadian Real Estate Investors Training
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We buy houses all CASH, Fast closing
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Aylmer-Ontario

Tax Sale Properties Aylmer-Ontario


sale of land by public tender
The Corporation of the Town of Aylmer

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Wednesday, November 23, 2016, at the Municipal Office, 46 Talbot St W, Aylmer, ON N5H 1J7.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Municipal Office, 46 Talbot St W, Aylmer.

Description of Land(s):

roll no. 34 11 030 000 33310 0000, pin 35301−0088 lt, part park lt 6 plan 145 designated as part 1, 11r8036; aylmer, file enar15-025-tt

Minimum Tender Amount:
$41,344.56

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality (or board) and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, existing interests in favour of the Crown, environmental concerns or any other matters relating to the land(s) to be sold. Any existing Federal or Provincial Crown liens or executions will remain on title and may become the responsibility of the potential purchaser. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

Note: H.S.T. may be payable by successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

John Fishback
Tax Collector/Deputy TreasureralymerThe Corporation of the Town of Aylmer
46 Talbot St W
Aylmer, ON N5H 1J7
(519) 773-4919
http://www.aylmer.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Otonabee-South Monaghan-Ontario

Tax Sale Properties Otonabee-South Monaghan-Ontario


sale of land by public tender
The Corporation of the Township of Otonabee-South Monaghan

take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on November 23, 2016, at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene Ontario.

The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Otonabee-South Monaghan Municipal Office, 20 Third Street, Keene.

Description of Land(s):

Roll No. 15 06 020 020 11700 0000; 336 Rainbow Dr, Bailieboro; PIN 28023-0081(LT); Part Lot 17 Concession 1 S Monaghan as in R608725; T/W SMO108572; Otonabee-South Monaghan; File No. 15-04

Minimum Tender Amount:$18,607.81

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

Except as follows, the municipality makes no representation regarding the title to, crown interests or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers.

This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes, HST if applicable and the relevant land transfer tax.

The municipality has no obligation to provide vacant possession to the successful purchaser.

For further information regarding this sale and a copy of the prescribed form of tender contact:

Jackie Fitzgerald
Acting Treasurer/Office Managerotaonabee-south-monaghanThe Corporation of the Township of Otonabee-South Monaghan
PO Box 70
20 Third Street
Keene ON K0L 2G0
(705) 295-6852
jackief@osmtownship.ca

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
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P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!

Tax Sale Properties Peterborough-Ontario

Nov 30,2016 tax sale properties Peterborough-Ontario Canada


sale of land by public tender
The Corporation of the City of Peterborough

take notice that tenders are invited for the purchase of the land(s) described below and will be received until 3:00 p.m. local time on Wednesday November 30, 2016 at the Corporate Services Department, Main Floor, City Hall, 500 George Street North, Peterborough, ON 9H 3R9.

The tenders will then be opened in public on the same day at 3:15 p.m. local time in the City of Peterborough Board Room, 2nd Floor, City Hall, 500 George Street North, Peterborough, ON K9H 3R9.

]Description of Land(s):

Roll No. 1514 040.120.29510.0000

2691 Farmcrest Avenue, Peterborough

Note: This property is subject to partial ORCA (Otonabee Region Conservation Authority) restrictions. Floodplain runs across northern portion of lot and entire lot may encounter flooding.

PCL2-3 Sec 45-P7A-PET; Pt Lot 5 PL 7A Peterborough City; Pt 1 45R9679; S/T LT2994,LT504,LT 505,

LT 506, Peterborough City.

PIN# 28456-0005 (LT)

irregular 0.90AC more or lesspeterborough
File#: TS-16-01

Assessed Value: Residential$122,000

Minimum Tender Amount:$34,796.05

Roll No. 1514 040.120.29410.0000

2655 Farmcrest Avenue, Peterborough

Note: This property is subject to ORCA (Otonabee Region Conservation Authority) restrictions. Development within the floodplain may not be permitted as entire lot may encounter flooding.

PCL 2-3 SEC 45-P7A-PET; Pt Lt 5 Pl 7A Peterborough City;

Pt Lt 6 PL 7A Peterborough City; Pt Lt 7 PL 7A Peterborough City; Pt 5 45R1076;

S/T LT2994,LT504,LT505,LT506 Peterborough City.

PIN# 28456-0007 (LT)

irregular 0.784AC more or less

File#: TS-16-02

[b]Assessed Value: Residential$118,000[/b]

[b]Minimum Tender Amount:$33,220.53[/b]

Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or of a bank draft or cheque certified by a bank or trust corporation payable to the municipality and representing at least 20 per cent of the tender amount.

The municipality makes no representation regarding the title to or any other matters including any environmental concerns relating to the land to be sold. Any existing Federal or Provincial liens or executions will remain on title and may become the responsibility of the potential purchaser. Responsibility for ascertaining these matters rests with the potential purchasers. The municipality does not provide an opportunity for potential purchasers to view properties nor is it in a position to provide successful purchasers with a key or vacant possession.

This sale is governed by Part XI of the Municipal Act, 2001 and as amended by the Municipal Statute Law Amendment Act, 2002. The successful purchaser is required to pay any relevant federal or provincial taxes that may apply on closing (including land transfer tax and HST). Failure to complete the transaction by the successful bidder (highest or if failed, second highest bidder) will result in the forfeiture of their deposit.

For further information regarding this sale including an updated list of properties still available for sale, and a copy of the prescribed form of tender documents, go to the City of Peterborough web site at http://www.peterborough.ca/Living/Prope … _Sales.htm or contact:

Christine Heersink
Tax Collector,
City of Peterborough,
500 George Street North,
Peterborough, ON K9H 3R9
cheersink@peterborough.ca
705-742-7777 Extension 1622
1-855-738-3755 Extension 1622

DISCLAIMER

We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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Speaking Engagements
Navtaj Chandhoke can be your next key note speaker for real estate/sales/marketing office meeting or Canadian real estate investment conventions, expos or trade shows. Please contact us for topics and availability.
Please contact us directly at Pam@WorldWealthBuilders.com or 647-393-6100 to set up a session at your meeting or convention.

Flipping for instant profit LIVE real estate training seminar
Reserve your seat now at
www.Flipping4Profit.ca
Image

Canadian Creative Financing Apprenticeship
Image

Canadian Real Estate Investors Coaching & Mentoring
Image

Eyewitness Canadian Real Estate Investors Training
Image

We buy houses all CASH, Fast closing
Image

P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now at www.Flipping4Profit.ca and making sure you make the right choice to SHOW UP!!! Learn more to earn more!