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Conducting appropriate due diligence is a fundamental part of any commercial real estate transaction. For purchasers, due diligence is a necessary step to determine the nature, use and condition of the property, and to assess the covenant of the vendor before committing to the purchase. This article will outline how commercial real estate lawyers can […]
Read MoreThe recent Ontario Court of Appeal (ONCA) decision Bilotta v Booth is an excellent example of a case where greed got the better of a purchaser who tried to renegotiate the purchase price after a flood had caused damage to the property shortly before closing the transaction. The purchasers refused to close at the contract purchase price, […]
Read MoreThe first important message is that you do not make a will for your immediate benefit, but for that of your loved ones. When you are deceased you will only figuratively turn in your grave when a family quarrel arises over what could have been spelled out by your will. Your family, on the other […]
Read MoreOne of the first considerations for an entrepreneur before commencing a business is selecting the appropriate type of business vehicle for the endeavour. This article outlines some of the advantages and disadvantages of the main business structures in Ontario: sole proprietorships, general partnerships, limited partnerships, limited liability partnerships and corporations. The most appropriate business vehicle […]
Read MoreThis past year brought many changes as Canadians learned to navigate the expected and unexpected effects of a global pandemic. We look back at 2020’s GTA real estate market and share some insight into a year that was anything but predictable. Following the lockdowns in early spring and despite a nearly 70% plunge in the […]
Read MoreIf you have entered into a new-build home agreement, it is strongly advisable that you have your agreement reviewed by a legal professional for the following reasons. TARION Registration Legal counsel will verify that the new home builder is registered with TARION, the corporation that administers the Ontario New Home Warranties Plan Act (the Act), and that the […]
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