Sunday, November 2, 2008
Saturday, November 1, 2008
Friday, October 3, 2008
Dear Realtors Please Add Following clause to your offer
The Deposit Holder advises that the Real Estate Trust Account, in which the deposit for this transaction ("the deposit") shall be placed, attracts interest at a variable rate, calculated using the Bank of Canada prime rate minus 2.5%. Any interest on the deposit as calculated by the Deposit Holder, minus administrative fee of $50.00, shall be paid to the Buyer following completion of this transaction. The balance, including any amounts not negotiated within six months of issuing, shall be retained by the Deposit Holder. If applicable, the Buyer shall provide Social Insurance Number to the Deposit Holder for income tax purpose within ten (10) days upon closing.
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