Real Estate
Real estate lawyers: Planning to retire or leave practice? Three words: Legal. Service. Coverage.
You’re looking forward to retirement – next year, or maybe 20 years down the road. Or perhaps you’re leaving private practice to work as in-house counsel. Whatever your plans, you want to be assured that malpractice claims won’t come back to haunt you or your family. Real estate claims continue to be a major source… Read More »
Categories: Real Estate, The TitlePLUS Program & Title Insurance, Areas of LawEasements: more than meets the eye
Non-use of an easement does not lead to abandonment or extinguishment The recent Court of Appeal decision in Remicorp Industries Inc. v. Metrolinx makes it clear that non-use or the lack of need for an easement is insufficient for that easement to be abandoned or extinguished at law. A solicitor should advise their client of… Read More »
Categories: Real Estate, Areas of LawEverything old is new again: Will the return of a broader rent control regime haunt the Ontario real estate bar?
For decades the existence of rent control has posed a risk to Ontario real estate lawyers acting on the purchase and mortgaging of residential rental property. The range of affected properties is immense: From a basement apartment to a rented single family house to the largest multi-residential complexes in the province, many real estate files… Read More »
Categories: Real Estate, Areas of LawNew Rule on Advertising of Fees for Residential Real Estate Transactions
This is a November 2017 e-bulletin from the Law Society of Upper Canada. Convocation approved amendments to the Rules of Professional Conduct (“Rules ”) in September 2017 with respect to advertising of fees when acting on residential real estate transactions. The new rule and its commentary provide guidance on the way in which lawyers advertise… Read More »
Categories: Real EstateNotice to Lawyers Concerning Syndicated Mortgages
On Oct. 24, 2017, the Law Society of Upper Canada issued a notice to lawyers concerning syndicated mortgages and syndicated mortgage investments. A syndicated mortgage is a mortgage where two or more persons participate as investors. Syndicated mortgages can be as simple as two people lending to a third person, the loan secured against a… Read More »
Categories: Real EstateCommercial title insurance: What you need to know
Commercial title insurance is a different product than a residential policy. For the most part, residential policies can be characterized as being “one size fits all” or “off the rack.” Yes, there are times when a residential policy may require an amendment or an exclusion to accommodate a particular situation, but often times, assuming the… Read More »
Categories: Real EstateThe CBA’s Mortgage Instruction Toolkit
The Mortgage Instructions Toolkit is a practical resource for residential real estate lawyers in Canada. Over the last few years, lender instructions have increased in scope and lawyers may find themselves being pressured to give opinions and assume responsibility for matters outside their areas of expertise. The result is a significant increase in potential liability…. Read More »
Categories: Real Estate, Practice AidsWhat kinds of PPSA claims does LAWPRO see?
What kinds of PPSA claims does LAWPRO see? Problems with registrations under personal property security legislation (such as the Ontario Personal Property Security Act (PPSA)) are common causes of claims against corporate/commercial lawyers, and indemnity costs associated with these claims can be high. Approximately ten claims involving allegations of PPSA-related mistakes are reported to LAWPRO… Read More »
Categories: Real Estate