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The missives of sale, in Scots property law, are a series of formal letters between the two parties, the Buyer and the Seller, containing the contract of sale for the transfer of corporeal heritable property (land) in Scotland.
However, many conveyancers still include the use of a 2-year supersession clause in the Missives of Sale to ensure that contractual obligations come to end after 2 years rather than the running the full statutory 20-year period under the Prescription and Limitation (Scotland) Act 1973. [24]
The Scottish Government Land Reform Review Group's The land of Scotland and the common good: report (2004) succinctly summarises common good property: "Section 14: Common Good Lands. A special type of property owned by local authorities in Scotland, which is legally distinct from all the other property which they own, is Common Good Funds ...
Established in 1997, the Real Estate Council of Ontario is a not-for-profit corporation that regulates the trade of real estate in Ontario in the public interest. On behalf of the Government of Ontario , it administers and enforces the Real Estate and Business Brokers Act , 2002 and its regulations.
The Ontario Association of Real Estate Boards (later renamed the Ontario Real Estate Association) was founded in 1922 to organize real estate activities on a province-wide basis. [citation needed] In 1930, the Ontario government brought into law the Real Estate and Business Brokers Act. The government of Ontario codified and regulated the real ...
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The Canadian Real Estate Association (CREA; French: L'Association Canadienne de l'Immeuble, ACI) is a trade association that represents real estate brokers, agents, and salespeople in Canada. [ 2 ] CREA's membership includes over 130,000 individuals, working through 90 real estate boards and associations across Canada. [ 2 ]
It is common practice, for example in the missives of sale of a house, to include certain fittings such as whitegoods or curtains, as is the case with the Scottish Standard Clauses. [28] This means that a voluntary transfer of fittings will also take place when the heritable property is sold to avoid any disputes or litigation as to what it is ...