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Commercial Real Estate

Remedies of a Commercial Landlord in Ontario

Written by on December 12, 2018.

If a tenant defaults on their obligations under a commercial lease, a landlord may wish to pursue a remedy. There are two types of tenant defaults – monetary or non-monetary. The type of default will determine the landlord's available remedies. A monetary default occurs when the tenant fails to pay an amount due to the landlord under the terms of the lease. For example, a monetary default would occur if the tenant failed to pay rent, taxes, utilities, etc. (assuming the lease required these pa...

Mortgagee Remedies in Ontario

Written by on December 10, 2018.

When a mortgagor (borrower) defaults on mortgage payments, the mortgagee (lender) has several remedies at its disposal. The most frequently used remedies are a power of sale, an action for judicial sale, and an action for foreclosure. The following is a comparison of the three remedies, highlighting the benefits and disadvantages of each. Following a default, a mortgagee may sell the mortgaged property pursuant to a private power of sale. This remedy allows a mortgagee to force a sale of the ...

Do I Have to Collect HST if I am Just Selling my Vacant Land?

Written by on December 06, 2018.

Determining whether or not you have to pay Harmonized Sales Tax ("HST") during a real estate transaction can be a tricky situation. There can be rebates, exceptions and a whole host of factors which come into play. The sale of a vacant lot carries with it its own problems. When Do you Have to Pay the Tax Man? In the following situations the sale of vacant land by an individual will attract HST: The sale of land that is capital property that had been used primarily in a business; Th...