skip to main content

p 905 451 3040

Call now: 905 451 3040

LinkedIn Icon

An Aborted Commercial Real Estate Transaction

Case Study | Mar 19, 2015

The Problem

Our client, the vendor of commercial property in an aborted real estate transaction, was sued by the purchaser for a return of the deposit that the purchaser had paid. The purchaser failed to close and alleged that our client failed to disclose information about the environmental state of the property.

Our Approach

The purchaser commenced a court action seeking return of the deposit. We filed a defence and commenced a counterclaim for damages suffered by our client as a result of the aborted transaction.

The Result

We were able to resolve the matter so that our client retained a greater portion of the deposit because of the purchaser’s default in failing to close the transaction without legal cause.

© 2015 Lawrence, Lawrence, Stevenson LLP

LinkedIn Icon

43 Queen Street West, Brampton, ON, Canada L6Y 1L9
Telephone: 905.451.3040 Fax: 905.451.5058 Email: