- Real Estate Newsletter, May, 2009 by Brenda M. Lightbody - When a property has been fraudulently transferred and then mortgaged to an innocent lender, will the mortgage be enforceable against the “true” owner?
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NOMINEE/TRUSTEE HELD PROPERTY: Why it's important to find out who actually owns a property.
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More and more the Land Titles registration system is telling us less and less about the actual ownership of property.
An increasingly used practice for tax purposes is one where ...
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"Pay When Paid" Clauses
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Building subcontractors beware! If you don't take the opportunity to review the contract before you bid, you may find that you have agreed to some very onerous terms. One such term ...
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Strata Property Act
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Starting July 1, 2000, the Strata Property Act (the "Act") governs all strata corporations in British Columbia, and the Condominium Act no longer applies (Act, sections 293 and 294 ...
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Purchasing Land and The Tax Triangle - Getting your Money's Worth
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A purchaser of land is responsible for paying the contractual purchase price, as well as some or all of the following taxes: property transfer tax, provincial sales tax, and goods ...
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From Fire to Toxic Waste
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Property insurance is an insurer's promise to reimburse you, the insured, for damage to, or loss of, your property caused by the risk you insured against. If and when a loss occur ...
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Legal fees for Real Estate Transactions Getting your Money's Worth
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Many people believe that lawyers' legal fees for a so-called "simple" real estate purchase are generally too high and any quote given by a lawyer will be reduced if you challenge i ...
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Mortgage Guarantees. Always insist on the written consent of the guarantor
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Most mortgage guarantees include words that allow the lender to modify the terms of the mortgage without having to consult the guarantor or acquire his or her consent. For example, ...
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Home Buyers Beware!
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Most buyers are asked at some point by the realtor to sign a standard form called a "Contract of Purchase and Sale." This article describes a selection of problems you should be aw ...
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A Landlord's Dilemma: The Commercial Tenant's Abandoned Goods
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I. THE PROBLEM
A common problem in commercial tenancies arises when a landlord finds itself in possession of goods which have been left behind by a tenant. The problem is not uni ...
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Real Estate Freeze
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Facts
Mr. & Mrs. M own four separate rental properties in Kitsilano which they acquired between 1960 and 1977. The properties are registered as joint tenants with right of surv ...
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Landowner Awarded Damages for Environmental Protection
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In 1999, a landowner in Saanich, B.C. was awarded damages against an upstream neighbour and the local municipality of Saanich, as compensation for her efforts to protect marshland ...
