Who’s liable for damages under a commercial lease?
There are many reasons why a commercial tenant needs to carefully review the provisions of their lease. One reason is captured in the following question: When significant costs arise from unanticipated events, who get stuck with the bill? Most leases contain insurance provisions, requiring either the landlord or the tenant (or both), to secure insurance coverage- often specifying both the type of insurance and […]
Real estate investing seminar
If you’re interested in learning more about real estate investing, or how to avoid some of the legal traps in owing rental properties, plan on attending the seminar held by Marnie Bennett next Wednesday, September 17th, starting at 7 p.m. at Keller Williams, 610 Bronson Street in Ottawa. You can register online here.
It’s easy to remove a 1/2 million ton assembly line!
If you’re in the practice of hiring contractors to do work at your place of business, like installing leasehold improvements, or making repairs, there’s a recent case to know about (okay… not really that recent, a 2007 Ontario Court of Appeal case).
When a contractor makes improvements to a property, they have a right to put […]
Commercial property tax assessments
If you own a commercial property, a recent decision of the Ontario Assessment Review Board might interest you. At issue is the way the Municipal Property Assessment Corporation (MPAC) determines the “current value” of income-producing properties. Current value is supposed to reflect the price a seller could obtain for a property if it were up for sale. The value of […]
Agreements for real estate commission don’t need to be in writing
A recent Ontario Court of Appeal decision highlights the provisions of the Real Estate and Business Brokers Act (”REBBA”) relating to commissions. The City of Ottawa was assisted by a real estate broker in the sale of one of its properties. At issue was whether approximately $125,000.00 of commission was payable upon the sale. The […]
