Real Estate Law Archives - Page 10 of 16

If you are considering the purchase of a resale residential condominium, it is important to ensure that any offer to purchase you make is conditional on your lawyer’s review of the status certificate.  This column will examine what a status certificate is and why a buyer needs to have it reviewed and approved before making

Section 98 of the Condominium Act, 1998 allows owners to make alterations to the exclusive use common element areas allocated to their unit as well as the other common element areas. Section 98 requires that for a unit owner to make any addition, alteration or improvement to the common elements, the improvement must be approved

I recently closed sale transaction for client who was shocked to learn that his lender was charging him a $50,000 penalty to pay off or break his mortgage before the maturity date of the mortgage. This column will explain what a closed mortgage is and how breaking it or paying it off early can impact