Real Estate Law Videos By Jonathan Dippolito | June 18, 2025
When a buyer fails to close on the scheduled date in an Ontario real estate transaction, the financial and legal risks for the seller can be significant. If the seller agrees to extend the closing date, it’s not without conditions. This video explains how sellers typically seek to protect themselves when granting an extension, including compensation for property-related expenses like utilities, taxes, and insurance.
This video also explains how sellers address risks through irrevocable directions for deposit release and non-refundable compensation. Whether you’re buying or selling, it’s critical to know how extensions are negotiated and what recourse exists when one party breaches the agreement.
Ontario real estate lawyer, Jonathan Dippolito of Devry Smith Frank LLP and Woitzik Polsinelli LLP, focuses on a range of real estate matters, including pre-construction and newly built properties. Admitted to practice in Ontario and New York, Jonathan draws on his extensive experience to address potential uncertainties and financial implications, providing practical solutions tailored to each client’s situation.
For legal support in pre-construction matters, contact Jonathan Dippolito at jonathan@durhamlawyer.ca or 289-220-3229.