Special offer

Waivers for Condition Precedent and Subsequent (Ontario)

By
Commercial Real Estate Agent with RE/MAX West Realty Inc., Brokerage (Toronto)

Waivers for Condition Precedent and Subsequent (Ontario)

Question: 

There can be no waiver with a condition precedent, but there can be a waiver with a condition subsequent is that right?

Answer:

A True Condition Precedent requires a Notice of Fulfillment. There can be no Waiver.

With a Condition Precedent, either the NOF or the Waiver will do.

For a Condition Subsequent, no document at all is required.