July 2006 - British Columbia Real Estate Association

Seller Entitled to Refuse Uncertified Third-Party Deposit; Ask Gerry #397

Janie Cranfield | July 1, 2006

By Gerry NeelyB.A. LL.B. In a case where a seller refused to accept a deposit cheque, a Supreme Court judge gave an answer to a problem we didn’t know we had in the Contract of Purchase and Sale (CPS). The seller had agreed to sell his property for $975,000, but wanted the buyer to pay the deposit …

The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.