In most situations the arrangements with respect to the termination of a commercial lease are contained in the Lease itself. However, there are many circumstances where no actual Lease is …
Mortgagees Must Take Possession “Peacefully”
The Ontario Court of Appeal reviewed the rules that apply to mortgagees who take possession of properties when their mortgage is in default in Zapfe Holdings Inc. v. 1923159 Ontario …
Should You Throw Out Old Insurance Policies?
In 2007, it was discovered that it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto. Once …
Removal and Restoration Clause
This particular clause in a lease can be quite problematic. Ordinarily, you’d think that the Landlord would want to keep all those valuable improvements that were made by the Tenant. …
Avoid the Exit Tax Trap!
It’s bad enough to be finished with your lease, and have no equity, but what about paying thousands of dollars just to leave? This is an exit tax! In a …
Negotiate it in the Offer!
Leases That’s simple enough advice. It’s easy to follow. And, no one gets hurt. So, what’s the problem? No one wants to do it. It’s too costly, it’s too time …
“As is, where is” ~ What’s that?
Everybody I know seems to understand just exactly what this means. Myself, I really don’t have any idea, but “they” all seem to know. My only problem is that everyone …
Legal Issues Related to Improvements
There are indeed some very significant issues related to the determination of whether a chattel has become so affixed to the realty that it is no longer a chattel but …
Does Punctuation Count in Real Estate?
If you were to audit a first year university course the day before an exam, one of the first questions you’d hear would be “does spelling count”, closely followed by …
Maintaining Good Financial Books and Records
If you are in business, you should keep good financial records. It just makes sense, but so many small businesses neglect this tedious and somewhat time-consuming task. Careful records take …