I think that rental HWTs are so commonplace in Ontario that many lawyers just assume that the buyer is either aware of them, or has assumed that the real estate agent has informed the buyer about it. I'm not trying defend lawyers here, but from a legal standpoint, there are more pressing issues.pootza wrote: ↑Nov 21st, 2017 5:38 pmI'm just a little confused on what these scumbag lawyers job is. Don't they run a search to see if there's anything owing on the house? It's pretty obvious when it's in the purchase agreement so shouldn't they be able to obtain the rental contract for you to review and find out what's owing ... or is that above their competence?
If you think about it, the agent makes 10 times what the closing lawyer would get. I'd like to think that a competent RE agent would point the presence of a rental tank, but since they are sales people, they wouldn't want to torpedo the deal in such a way.
Further to to your comment, real estate lawyers aren't necessarily scumbags. Firms like Diamond and Diamond ambulance chasing firms are scumbags.