The Corporation of the Town of Deseronto – Ontario tax sale properties

Corporation of Town of Deseronto

municipal act, 2001

sale of land by public tender

ontario regulation 181/03

municipal tax sales rules

Corporation of the Town of DeserontoCorporation of the Town of Deseronto 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, March 31, 2021, at the Municipal Office, 331 Main Street, P.O. Box 310, Deseronto, ON K0K 1X0.

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, 331 Main Street, Deseronto, ON K0K 1X0.

Corporation of the Town of Deseronto Description of Land(s):

ROLL NO. 12 02 010 015 05400 0000, 66 green ST, deseronto, PIN 40588-0136 LT, N1/2 LT 18 BLK M PL 243; deseronto; county of hastings, file NO. HSDO19-005-TT

According to the last returned assessment roll, the assessed value of the land is $ 48,500.

Minimum Tender Amount:$66,110.81

ROLL NO. 12 02 020 025 00600 0000, 313 main ST, deseronto, PIN 40589-0055 LT, LT 7 PL 84; deseronto ; county of hastings, file NO. HSDO19-007-TT

According to the last returned assessment roll, the assessed value of the land is $ 50,000.Corporation of the Town of Deseronto

Minimum Tender Amount:$41,906.84

Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/money order payable to the municipality (or board).

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 any taxes that may be applicable, such as a land transfer tax and HST.

Real Estate InvestorsThe 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 or if no internet access available, contact:

Mrs. Mora Nicholls, CMO, CMM III,
Deputy Treasurer
The Corporation of the Town of Deseronto
331 Main Street
P.O. Box 310
Deseronto, ON K0K 1X0
613-396-2440 ext. 203
www.deseronto.ca

March 12, 2021 Ontario tax liens sale properties The Corporation of the Township of Stirling-Rawdon

Municipal act, 2001

sale of land by public tender
Ontario tax liens sale properties The Corporation of the Township of Stirling-Rawdon 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 March 12, 2021 at 2529 Stirling-Marmora Road, P.O. Box 40, Stirling-Rawdon, Ontario K0K 3E0.Ontario tax liens sale properties The Corporation of the Township of Stirling-Rawdon

March 12, 2021 Ontario tax liens sale properties The Corporation of the Township of Stirling-Rawdon

Description of Land(s):

PT LT 13 CON 7 rawdon as in QR163856; stirling-rawdon; county of hastings

PIN 40337-0081 (LT)

Municipally known as Vacant Land – Stirling, ON

Roll #12 20 119 020 07001 0000

Minimum Tender Amount:$5,054.22

PCL 22-1 SEC M39; LT 22 PL M39 rawdon T/W the right to use in common with all other grantees or owners of residential oots in the subdivision the area designated in the said subdivision as block a as private open space, for the purposes as set out in lt1439; stirling-rawdon; county of hastings

PIN 40340-0022 (LT)

Municipally known as

344 Swinburne Lane, Marmora, ON

Roll #12 20 119 035 09931 0000

Minimum Tender Amount:$6,592.63

PT LT 20 CON 14 rawdon PT 3 21R716; stirling-rawdon; county of hastings

PIN 40340-0154 (LT)

Municipally known as Vacant Land – Cosgrove Lane, Marmora, ON

Roll #12 20 119 035 13620 0000

Minimum Tender Amount:
$6,932.59

LT 10 N/S weaver ST PL 39 S/T spousal interest in QR428836; stirling-rawdon; county of hastings

PIN Part of 40333-0130 (LT)

Municipally known as

31 Weaver St., Stirling, ON K0K 3E0

Roll #12 20 218 010 07101 0000

Minimum Tender Amount:$7,677.71

LT 7 N/S weaver ST PL 39 S/T spousal interest in QR428836; stirling-rawdon; county of hastings

PIN Part of 40333-0130 (LT)

Municipally known as

25 Weaver St., Stirling, ON K0K 3E0

Roll #12 20 218 010 07311 0000

Minimum Tender Amount:$7,553.55

LT 8 N/S weaver ST PL 39 S/T spousal interest in QR428836; stirling-rawdon; county of hastingsOntario tax liens sale properties The Corporation of the Township of Stirling-Rawdon

PIN Part of 40333-0130 (LT)

Municipally known as 27 Weaver St., Stirling, ON K0K 3E0

Roll #12 20 218 010 07312 0000

Minimum Tender Amount:$7,553.55

LT 9 N/S weaver ST PL 39 S/T spousal interest in QR428836; stirling-rawdon; county of hastings

PIN Part of 40333-0130 (LT)

Municipally known as

29 Weaver St., Stirling, ON K0K 3E0

Roll #12 20 218 010 07313 0000

Minimum Tender Amount:$7,553.55

Ontario tax liens sale properties 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. And H.S.T., if applicable.

Real Estate InvestorsThe 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:

Ms. Roxanne Hearns,
CAO-Treasurer
The Corporation of the
Township of Stirling-Rawdon,
2529 Stirling-Marmora Road,
P.O. Box 40
Stirling-Rawdon, ON K0K 3E0

Force Majeure?

Force Majeure

Force Majeure

A “force majeure” clause (French for “superior force”) is a contract provision that relieves the parties from performing their contractual obligations when certain circumstances beyond their control arise, making performance inadvisable, commercially impracticable, illegal, or impossible.

Home buyers, sellers and Canadian real estate investors wondered whether a pandemic is considered force majeure (unforeseeable circumstances or “acts of God”), which could free them of their obligations in case housing prices were to plummet in the next few weeks. Others may be facing other liquidity issues.

A force majeure clause typically operates to absolve the non-performing party of liability for its failure to meet contractual obligations as a result of the extenuating circumstance, but its precise effect will depend on the language of the provision.

Quebec usually have this clause in their contracts.
Historically, force majeure events were recognized as forces of nature or acts of God events. However, the clause can and has been expanded to include events which are industry or transaction specific. Certain events created by extraneous human intervention can also fall under the category of force majeure events.

Example: fire, flood, earthquake, storm, hurricane, other nature disasters, war, invasion, act of foreign enemies, hostilities, civil war, rebellion, revolution, insurrection, military or usurped power or confiscation, terrorist activities, nationalization, government sanction, blockage, embargo, labor dispute, strike, lockout or interruption or failure of electricity or telephone service.

Data from the Canadian Real Estate Association (CREA) indicates that 65,494 homes were sold across Canada in the first two months of 2020, meaning that as many as 130,000 families may be in limbo, waiting for their transactions to close.
In the province of Ontario, Canada buyers, sellers and Canadian real estate investors are bound by their obligations under the Ontario Real Estate Association’s (OREA) Agreement of Purchase and Sale.

The only way a deal cannot close is if the government registration system closes down or lenders cannot fund loans, which is not the case right now.

Real estate businesses have been deemed an essential service in Ontario. Thus, real estate brokerages and law firms are allowed to function but with new guidelines to observe social distancing. At the same time, financial institutions are working and extending mortgage credit.

While buyers’ remorse is real, it is no ground to back out of the deal. During and after the Great Recession in 2008-09 and when the foreign home buyers’ tax was imposed first in British Columbia in 2016 and later in Ontario in 2017, many buyers tried to avoid closings after housing prices declined.

Courts, though, have found in favor of sellers in cases where buyers reneged on a signed deal.

An Ontario couple who reneged on a firm offer to buy was ordered by the court to pay $470,000 to make up for the difference in the price they agreed to pay and the subsequent sale price paid by a different buyer.

force majeure is not covered in OREA’s Agreement of Purchase and Sale, parties can include additional clauses in Schedule A of the Agreement. However, such terms must be entered at the execution of the agreement and not after the fact.

In some circumstances, parties may invoke frustration of contract when unforeseen circumstances make it impossible to perform their obligations under a contract. However, the bar to prove the frustration of contract is very high.

If a deal hits a snag, the best way forward is to work it out collegially. Instead of trying to nullify a contract, the parties could agree to a postponement until such time that the transaction can be completed. It is up to the parties to demonstrate that they have made reasonable, good faith efforts to fulfill their obligations.

Given the current pandemic and recent uptick in flooding and severe weather, which can cause severe damage to homes, it might be time to review standard buyer and seller agreements, which are province-specific.

Much can transpire during a sale and its closing. Introducing new standard clauses to protect both sides while providing opportunities for insurers to price risk will offer greater stability in uncertain times.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Corvid19

 

The potential impacts of COVID-19 for buying, selling,
flipping or entering of their property with your clients,
investors, contractors, property inspection, appraisal
and review the options that are available to them.

These options could include:


Having you request health and recent travel information
from the potential buyers, seller, investor or renter
and their professionals before any showing to give the
property owner an indication of any risk.


The potential buyers, seller, investor or renter are
obligated to either be truthful or simply decline to
answer. Inform the property owner that they have no
duty to show the property if they are uncomfortable
with any presented risk*


Creating a marketing video showing a tour of the house
to reduce the number of viewings to the potential buyers,
seller, investor or renters.

By offering a virtual video tour, the property owner could
then consider only allowing viewings for the serious
potential buyers, seller, investor or renters who make
an offer to purchase subject to a viewing.

Make viewings conditional on the potential buyers, seller,
investor or renters and their representatives wearing
nitrile gloves or the use of anti-microbial,
alcohol-based hand sterilizer.

A plan to clean doorknobs, cupboard hardware, light switches,
as well as surfaces in areas like bathrooms and kitchens
before and after each showing of the property.

Traveling in separate vehicles to viewings to limit the
amount of time spent in close proximity to each other.

Taking all precautions necessary, including cleaning and
sanitizing the home before and after an open house or
any home inspections.

The property owner may also have the option to temporary
pull their property off the market. Where applicable,
check with your real estate board to determine whether
they have relaxed their listing rules to allow viewings
to be suspended.

The property may also be pulled off the market by terminating
the listing entirely and entering into, and signing,
a new agreement to re-list the property at a future date.
Buyers could also choose to postpone the purchase
process until a later date.

Any clause included in a contract to address circumstances
surrounding COVID-19 should be drafted and reviewed
by legal counsel to ensure enforceability and to
ensure the clause addresses the specific scenarios adequately.

Coming soon

Please add and SAVE preigCanada@gmail.com

in your email contact list and fill up the form.

We will send you all the updates at no cost to you.

Disclaimer:

This information does not constitute legal advice. 
Industry professionals should seek legal advice based on their
specific facts and circumstances.

Newsletter

Subscribe to fre*e E-newsletter service and we’ll keep you
up-to-date with the latest breaking Canadian real estate
investment news, trends, wholesale deals, forgivable Canadian
real estate grants, cutting edge opinion, and expert analysis.

Newsletter

Newsletter: Please complete the form below the monthly newsletters from www.Flipping4Profit.ca

 

 

 

 

 

 

 

 

 

 

By submitting this form, you are agreeing to receive monthly
newsletters and other Canadian Real Estate Wealth related
products and services. Please add preigCanada@gmail.com
in your contact list and verify your email upon
after submitting your request.


Let’s Get Social…

Looking for more powerful Canadian real estate content,
motivation and daily updates from Flipping4Profit.ca?
Let’s connect!

We’re regularly releasing Canadian real estate investment
powerful content, tips, videos and pertinent information


LIKE us on Facebook
https://www.facebook.com/Flipping4Profit.ca/

and SUBSCRIBE to YOUTUBE

https://www.youtube.com/channel/UCzXXd6TwhpzjthCdaJp6Kmw/videos