Real Estate Law

Increases in Interest Rates Not to be Used as Penalties

The Supreme Court of Canada recently released the decision Krayzel Crop v Equitable Trust Co, 2016 SCC 18.  This case provides some clarification to lenders with respect to when an interest rate can be increased.  There are 2 scenarios that...

By Noah Potechin lawyer at Merovitz Potechin LLP on Wednesday August 24, 2016

Benefits Available With Real Estate Lawyers for First-Time Home Buyers

There are many aspects of a real estate transaction that may seem overwhelming, especially when it is your first home purchase. The transaction is likely the largest investment you have ever made. In order to ensure that the transaction goes...

By Merovitz Potechin on Monday June 13, 2016

Buying a Condo? Additional Aspects for Your Real Estate Lawyer

A real estate lawyer has a vital role to play in a condo purchase. Although buying a condominium unit is similar to buying a single family home - inasmuch as it includes signing an Agreement of Purchase and Sale -...

By Merovitz Potechin on Friday May 27, 2016

Ottawa Lawyers on Lease Lengths

Lease Lengths are more than Just Time Part I:  Register a Notice of Lease When negotiating a commercial lease, the length of the term is important to consider.  It is a good idea to have a Notice of Lease registered...

By Merovitz Potechin on Wednesday May 25, 2016

Does a Commercial Lease Need to be in Writing?

A commercial lease does not need to be in writing if the term of the lease is no more than three years from the making of the lease and the rent payable by the tenant equals to at least two-thirds...

By Merovitz Potechin on Monday May 2, 2016

Private Mortgages

A private mortgage secures real property where the lender is not a mainstream or alternative institutional lender (such as a bank or credit union) but is a person or a private company. Private mortgages are often sought by a borrower...

By Merovitz Potechin on Thursday March 31, 2016