Messages

1

Questions and Answers / Re: Life Lease

« on: March 09, 2010, 03:04:40 AM »

I do have the paper work. Short for of Conveyance Act between Mr x & Mrs X.
Schedule "A"
Gives Description of Property
Clause is as follows:
Subject to a right to use and enjoy the said lands and premises
in favor of Mr. X during his lifetime, provided that
the said Mr X. shall not use and enjoy the said lands and
premises more than fifty percent of the days in any given year,
and provided that neither Mr X nor the person holding the fee simple
in the said lands and premises during the lifetime of Mr X shall permit
or allow any acts of waste on or deplete the said lands and premises in any manner.

According to the Township it is an easement and only to be removed if Mr X agrees or dies.
The Land Registry office will not remove either.
I believe it is an agreement between Mr & Mrs X. If someone got the extra from the sale then this
should remove any rights. Will have to start building the underground bunkie.
Only way to remove would be to go to Supreme Court.

2

Questions and Answers / Life Lease

« on: February 24, 2010, 08:39:59 PM »

Hello Everyone!
Thanks for the information on this site.

I bought a Tax sale property several years ago.
Not sure if I ever received anything other then the tax bill.
I find out a LIFE LEASE was never cleared. I assumed the person was dead.
This is not the case. They want compensated for the lot from me now.

Can I go back and find out what happened in the cities history?
Any help or suggestions would be great!

Thanks

3

Questions and Answers / Re: Oshawa results?

« on: August 04, 2009, 02:39:06 AM »

Oshawa Results:
Two Cancelled: 126 Court & 558 Cartier Ave.
232 Mckim went for 82,000 and change much better then the last
Oshawa Tax Sale.
I bought one up the street from 126 Court St.
For 87,500 regular real estate deal.

Question for those (Lawyers on Board)
I gave notice to the Durham water dept 2weeks before the sale.
They are now coming after me for the bill ($500.00) which in Oshawa is about 5yrs water.
They are going to put a lien on the property but waited until after the sale to collect.
Can they do this they say bill stays with property.
Not new owners fault they could not collect on services provided in past. They never turned off the water?
My Lawyers answer was u got a good deal so no biggy! And title insurance will cover it.

So all those selling or thinking of selling no need to pay water bill the next guy will have too.

Thanks

4

Property Information / Re: Oshawa property Final Results

« on: September 04, 2008, 09:46:27 PM »

hello

Results from Oshawa sale TODAY

28 bids (1) rejected

1) 138,925.00 paid way too much
2) 121,900.00
3) 121,100.00
4) 110,000.00

Apparently the guy offered it for 10,000 above price plus the land transfer.
Don't think he realized he would owe the taxes and also there was a 20,000.00 lein put on the property Aug 25,08
Good LUck Too the BUYER...LOL