Real Estate Law
Landlords And Developers:
Do Not Play Monopoly With Real Money
Brian Babcock
June 02, 2008
Developers and landlords must bear their own losses if they fail to secure a binding contract with a proposed tenant before commencing construction or renovations. Because prospective tenants often place a premium on early availability, and because rent usually does not start until the premises are usable, landlords often forge ahead with substantial work without a contract, or with only an offer to lease or letter of intent.
What is the purpose of Ontario's Road Access Act?
Ross Judge
May 28, 2006
Prior to the appeal decision (992275 Ontario Inc. & Karin Winklemann v. Frank Krowczyk & Lesley Scott-Krowczyk) the common belief was that the Road Access Act was remedial in nature designed to provide road access to owners of parcels of land adjacent to an access road who had no other possible access to their land other than over the access road. The Act does not grant any property rights over the access road other than to allow parties with vested interests in abutting parcels to pass over the road without being trespassers and to not being subject to road closures without a court hearing and a subsequent order closing the road if it was found not to be an access road.
American Purchasers in Ontario
Deborah Humphreys
April 18, 2006
A while ago, we posted a web tip to provide information to our US clients selling property in Ontario . While some are selling, many Americans are flocking to Northern Ontario for the pristine lakes, excellent hunting, fishing and recreational opportunities. The Canadian dollar is still enticing, and prices remain spectacular bargains.
Although the intention of this article is to give you the “heads up” on aspects of the transaction which some of our clients have found different or difficult, we can assure you that our clients tell us acquiring their “little bit of heaven” is well worth the effort. Weilers is always here to help, and we make the experience an easy one.
