A purchaser of residential real estate closes the transaction, moves in and then subsequently discovers that there is a convicted pedophile living across the street. The new purchaser has a young family living with him. Is the existence of the neighbouring pedophile a “latent defect” under real estate contract law sufficient to enable the purchaser [...]
Many property owners have been working all year getting apartment buildings registered as condominiums, but this will be much harder when new laws come into effect on November 7. The government hasn’t quite slammed the door on conversions, but almost. See my Whiteboard Session for more details.
There has been a lot of press lately on the subject of the conversion of apartment buildings into Condominiums. Based on this, the number of signs advertising converted apartments for sale and the level of activity in our office, it is clear that this is a very common event these days. Both the municipal and [...]
“Condo wars” are breaking out – owners are mad about increases in fees or assessments and boards are under attack for the way they have handled building repairs. These conflicts may arise because the roles of the players aren’t clearly understood. The Condominium Act states generally that “the affairs of the Corporation shall be managed [...]
In the course of a year, I get invited to a lot of Condominium Corporation owner meetings and all too often this is because there is a special assessment or increase in common element fees and the owners are MAD! On these occasions, the song often goes – we can’t afford the special assessment, we [...]
