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Real Estate Joint Ventures

One of the first decisions that needs to be made when two or more persons join together to develop some real estate is: which joint venture vehicle should be used? Co-ownership and partnership (general or limited) are the most popular choices. Alternatives such as a

BIG BOXES FOR LANDLORDS

If you are a landlord with a “big box” retailer such as Home Depot or Costco looking to lease property from you, here are four key points to look out for: Use Landlord wants the use to be narrow and limited, and permit no other

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MORTGAGE INTEREST — PITFALLS TO AVOID

The potential pitfalls created by the Interest Act (Canada) are avoidable so long as you’re aware of them. Let’s look at them. Annual Rate -- Section 4 The first pitfall is to stipulate interest at, say, “2% per month”. Section 4, where it applies, requires
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CORPORATE REGISTER OF OWNED REAL ESTATE

The Province of Ontario, requires that Ontario corporations[1] keep an up-to-date register of the corporation’s ownership interests in Ontario land[2].  The register must be kept in Ontario at the corporation’s registered or other place designated by the directors.[3]  What’s an “ownership interest in land”?  It’s