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Published on: 16 Sep 2021 By ,

Landlord and other third-party consents in business transactions

When a professional practice or business is sold, whether by share sale or asset sale, consideration must be given to the issue of third-party consents. Typically, when a business enters into a third-party contract, the contract will include a provision whereby the consent of such third part…

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Published on: 30 Mar 2021 By

Can I walk away if I don’t pay the real estate deposit?

Over the past few months we are seeing more scenarios where a buyer, having their offer to purchase real estate accepted, will not pay the deposit and then try to walk away from the deal. Whether due to buyer’s remorse, or because a buyer submits offers on multiple properties and then moves …

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Published on: 8 May 2020 By

Lenders beware: post-discharge obligations for a borrower’s HST/GST debt

Lenders, like any businesses, prefer certainty. In many ways the real property lending industry is built around trying to be as certain as possible before a loan is advanced. Does a borrower own their property? How much is that property worth? How much does a borrower make in a year? Can the…

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Published on: 7 May 2020 By ,

Business Essentials – Episode 3: Real estate law and the importance of keeping good relationships

In Siskinds’ Business Essentials, a limited-run podcast series, Chris Sinal of Siskinds’ labour & employment group sits down with some of the firm’s business lawyers to discuss current issues and challenges facing our clients as they adapt to the new business environment resulting from …

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Published on: 27 Apr 2020 By

COVID-19: condominium electronic meetings and time extensions

In her blog of April 16, 2020, my colleague Vivian Iron discussed emergency orders that provide flexibility for corporations’ meeting requirements. The original orders only provided flexibility in connection with the meeting requirements for corporations governed by the Corporations Act (Ont…

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Published on: 13 Apr 2020 By

The Canadian Bar Association webcast: critical condominium law issues

Access to property condominium liens and status certificates. On April 16, business law lawyer Matthew Wilson will examine a number of critical issues with respect to the governance and operation of condominium corporations in Ontario being affected by the recent measures taken by the other …

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Published on: 21 Jun 2019 By

Buyer Beware: What happens to your real estate deposit when conditions aren’t fulfilled

In most circumstances, a buyer will submit a deposit on acceptance of their offer to purchase residential property. These deposits are typically held in trust by the seller’s brokerage and can range anywhere from $100 to $50,000 or more depending on the location and nature of the property. F…

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Published on: 8 Mar 2019 By

New Corporations and Real Estate Deposits

From time to time a purchaser will want to purchase real estate before the corporation that will own the real estate is incorporated. The agreement of purchase and sale might be entered into by an individual “in trust for a corporation to be incorporated without any personal liability”. Does…

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Published on: 12 Dec 2018 By

Remedies of a Commercial Landlord in Ontario

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…

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