A recent case from the BC Supreme Court has highlighted yet again that a guarantee or indemnity of a lease (here now referred to as an “Indemnity”) does not necessarily assure payment to a landlord following a default by a tenant. The terms of the Indemnity must be carefully scrutinized and examined to determine if the specific circumstances outlined in the document are ...
There are many benefits to living in a strata, but there can also be problems. One such problem can be raising money to pay for building repairs. This is usually done by way of a special levy requiring owners to pay their proportional share of the expected cost. A special levy is in addition to monthly dues and can, in serious cases, be a lot of money. The imposition of a special levy ...
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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups.
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