Contracts, Agreements & Governance
DAMAGES IN REAL ESTATE
When a vendor or purchaser breach an agreement of purchase and sale by not completing the sale transaction, the innocent party may suffer damages and should...
CONSTRUCTION LIEN: Basics
Basically, a construction lien is a remedy available for someone who improves someone else's property by way of supplying materials and or labour. If that person is owed monies...
BUSINESS SENSE: Commercial Lease Enforcement & Remedies
The lease enforcement or implementation of the agreement between the landlord and the tenant should be deliberately followed to avoid any conflict and discussion. However, there...
THE BASICS OF A COMMERCIAL LEASE
The global economic recession unavoidably affected the commercial leasing market in Canada. This has caused landlords and tenants to think over their respective bargaining positions when engaging into...
THE AGREEMENT OF PURCHASE AND SALE: Not Just Used In Real Estate!
An agreement of purchase and sale is a major key document in negotiating to buy and sell an asset. This is an agreement between the seller and...
STATUS CERTIFICATE REVIEW – A Way Out of the Deal?
Last week, one of my clients called to inform me that the sale of his condo unit failed to firm up because the purchaser’s lawyer advised...
Competition Bureau and the Canadian Real Estate Associations (“CREA”): More Private Deals on the Horizon?
Recently the Canadian Competition Bureau requested that CREA open up the Canadian real estate market by making the Multiple Listing Service (“MLS”) open to the public...
Commercial Leasing: The Offer to Lease, Take it Seriously
A landlord eager to secure a tenant will often provide the prospective tenant with an offer to lease, also known as an agreement to lease, before...
Business Purchase Gone Wrong
You decide to purchase a business-- either to consolidate the market, or enter into a new venture. After a hard fought negotiation and many wrinkles in...
Understanding the Standard Agreement of Purchase and Sale – Part 1
Often my clients have their realtors prepare their agreements of purchase and sale without fully understanding the clauses that are inserted. Most real estate clauses contained...