How long is too long with Fee Arrears Liens? A recent decision came out in support of condominium corporations that are trying to find the most cost-effective way of dealing with their condominium fee arrears. The court affirms that the old “wait and see” option does exist once a lien has been registered against the […]
ISC has announced that they will be increasing their fees for land transfer and mortgage registration. The release is here: ISC – July 29, 2023 Fee Adjustment Details – Breakdown Some costs are increasing incrementally, some costs are new, and some changes in the formula of how fees get calculated. I will have some clients […]
“Well, I want to close on the last day that I am paying rent.” “I want to close on the same day that I am selling so I don’t have to pay for a bridge loan.” “I plan to start moving on the weekend, so let’s make it a Friday.” If you have had these […]
There is another law firm in Regina that was doing a sponsored Facebook post advertising their services for helping through buyers and sellers through residential purchase and sales. They had some basic copy that asked “Did you know you need a lawyer for a real estate deal?” and some stock footage. I thought it was […]
The short answer is “sort of”. One of the silver linings of the pandemic have been forcing service providers and their professions to make things easier to provide service without unnecessary face to face meetings. With a coordinated effort with ISC, the Law Society of Saskatchewan and any number of lenders, the requirements to sign […]
Often buyers or sellers get concerned about when they should get their lawyers involved in their real estate transaction. Here is a list of 10 different points where you might want to get your lawyer involved in the deal: At the Very Beginning 1. Talk about Process – I will get calls from clients […]
As someone who has seen a bunch of estoppel packages in my professional career, I am often surprised by the amount of arrears that many condominium board will allow a unit owners to carry for extended time periods. I have seen arrears against individual units that get to $30,000 and beyond, and evidence in the […]
There has been some buzz lately in the local condominium scene about a news article by various news outlets about the use of Bitcoin as an investment vehicle for reserve funds. I have been reached out to in a number of ways to get my thoughts on this as an approach. As always, the first […]
This article is probably going to be outdated in three days. However, I’m getting a lot of questions about how we are doing things in this new world. Lawyers have a tendency to be technologically slow, and nothing like a worldwide pandemic to try to drag us through the dark ages. The biggest question I […]
COVID-19 is affecting our communities in numerous ways. The social and economic impact of this virus (and the fear of the same) is unlike anything we have seen for generations. Condominium communities provide another level of concern due to the close proximity to one resident to another. Accordingly, your condominium corporation should consider taking active […]