March, 18 2020 Published by CCI National - By Marc Bhalla & Richard Elia
COVID-19 Bulletin No. 4: Collections
As the Land Registry Office and banks remain open at the time of writing, the Law Society of Ontario has suggested that real estate transactions should close as scheduled. However, in the event that a party becomes unable to close for a reason relating to COVID-19, lawyers have been encouraged to cooperate with each other, while preserving their client’s interests (i.e. agree to extend closing rather than force the other
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