October 10, 2014
When you purchase a condominium unit, you have certain ownership rights when the deal is completed. But you also have certain responsibilities, too – many of them to your fellow residents. In a case called York Condominium Corporation No. 301 v. James, 2014 ONSC 2638 (CanLII), the question arose whether the condominium corporation could oust
September 17, 2014
Understanding Condominiums and Co-Operatives Condominiums and Co-operatives are legal structures that define both the exclusive rights and the shared rights of individuals who purchase a Unit/Percentage Interest in buildings created as one of these types of legal entity IMPORTANT FEATURES OF CONDOMINIUMS AND CO-OPERATIVES FOR THE PURCHASER Condominium Co-operative (No Shared Liability) Purchaser acquires
June 18, 2014
Amongst several recent articles relating to class action law suits against condominium developers and builders, a Toronto Star article published April 27, 2014 reported that a $30 million class-action lawsuit has been launched on the basis that the developer failed to deliver on its promises to buyers. The project, called “Emerald City”, was allegedly advertised
May 28, 2014
1) Beware of Gaps in Coverage A major change introduced by the Condominium Act, 1998 was to require all Condominium Corporations to pass a by-law, for insurance purposes, defining a “standard unit” of the Condominium building. Every Condominium Corporation must also obtain and maintain insurance for both a standard unit and the Common Elements –
May 21, 2014
The Residential Tenancies Act, 2006 At the end of June 2012, there were several changes enacted with respect to the Residential Tenancies Act, 2006 which are now in force. For the calendar year 2014, the guideline for the maximum percentage increase for rents which do not require an application for approval from the Landlord Tenant Board
May 12, 2014
How to Pick a Real Estate Agent Look for an agent who has the time to personally devote to you, a solid track record, and experience in negotiating deals. As many of you are aware, today there are many options available to people who want to buy and/or sell a property. At one end of
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