Lawyer Lisa Corne Interviewed by BNN Regarding Developer Property

Toronto Lawyer Lisa Corne was recently interviewed by BNN for the article titled “Five things to know before buying property from a developer.”

Unlike buying a previously-owned home, purchasers will have to deal with sometimes tricky contracts and specific rules that come along with buying from a developer. For example, developers hold the cards for purchase agreement terms.

“Unfortunately the contracts purchasers are asked to sign are very developer-friendly, and contain clauses that effectively waive rights that purchasers would otherwise have,” said Ms. Corne.

She recommends that purchasers fully read through the contract, and take it to a lawyer. “Even if it’s an unfavorable agreement, you’re aware of what you’re getting into.”

To read the full article, please click here.