spousal consent: Is the Spousal Consent Required for Investment Properties? - 10/02/11 04:32 AM

Is the Spousal Consent Required for Investment Properties?
Ontario Real Estate Source
By Brian Madigan LL.B.
 
Question:
 
If a husband purchased a residential investment property, not his principal home, do we need the wife to sign the spousal consent when he sells?
 
 
Answer:
 
To some extent your question is vague.      
 
The concept of principal residence is a description under the Income Tax Act. There can only be one (generally, with certain exceptions).
 
Matrimonial home is a defined term under the Family Law Act and there can be more than one.
 
It … (4 comments)

spousal consent: When is the Spousal Consent Necessary? - 09/25/11 02:33 PM
When is the Spousal Consent Necessary?
Ontario Real Estate Source
By Brian Madigan LL.B.
The spousal consent is required in cases where:
 
1)     the property is a matrimonial home, and
2)     the title is registered in the name of one spouse alone.
 
The other spouse (without title) must provide their consent. The consent must be an informed consent.
 
Brian Madigan LL.B., Broker is an author and commentator on real estate matters, if you are interested in residential or commercial properties in Mississauga, Toronto or the GTA, you may contact him through Royal LePage Innovators Realty, Brokerage 905-796-8888www.OntarioRealEstateSource.com
… (8 comments)

 
Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto))

Brian Madigan

LL.B., Broker

Toronto, ON

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RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area, http://www.iSourceRealEstate.com

Office: (416) 745-2300

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