Blog

Can You Withdraw From a Promise to Purchase After an Inspection in Quebec? Clause 8.1, Lefrançois and Simoneau Explained

post picture

The inspection reveals several problems. The buyers are concerned. They ask for a $30,000 price reduction. The seller refuses. Can they simply walk away? In Simoneau v. Bisson, the buyers did. The Quebec Superior Court later concluded that they had not proven that the conditions allowing them to withdraw had been satisfied. The result in that case: $87,000 in damages. Not because an inspection problem automatically creates that kind of liability. Not because there is a hidden $87,000 penalty in Clause 8.1. But because there is an enormous difference between being concerned by an inspection report and being legally entitled to withdraw from a binding promise to purchase.

Get in Touch

I agree to be contacted by Jonathan Cabana, residential & commercial real estate broker. Greater Montreal / South Shore via call, email, and text. To opt-out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Message and data rates may apply. Privacy Policy & Terms and Conditions.