Future Commission Not Deductible From Purchase Price; Deposit Lost — Failure to Act Expeditiously #398

By Gerry NeelyB.A. LL.B. A half-interest in a home is owned by a live-in resident, while the other half-interest is owned by non-residents. All owners had been ordered to sell and divide the net proceeds, unless the resident owner bought the other owners’ interest. Should payment of a possible future commission reduce the price to be paid by …