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These OREA Standard Forms and Clauses are for use by OREA members and certain licensees only. Any other use or reproduction is prohibited except with the prior written consent of OREA.
A Notice of Fulfillment is a legal document (OREA Form 124) which states that the party tendering the document has completed the task which it claimed it would and as a result, the deal can proceed. When a party provides a Notice of Fulfillment, they are legally proclaiming that the condition has been fulfilled.
Are rental applications binding in Ontario? Because rental applications are not leases or contracts, they are not binding.
There is a recent new Form which has been published by OREA, (the Ontario Real Estate Association). It is Form 127, described as an: \u201cAcknowledgement Re: Condition(s) in Offer\u201d In large measure, it is an attempt to document the process of decision-making on the part of the buyer.
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