A recent case confirms that when listing a commercial property, a licensee should break down the rentable area of each floor. The property was a building in Kamloops…
Posts tagged with “Commercial Property”
Legally Speaking Measuring Commercial Premises #441 
Legally Speaking Passing Information Accurately #433
In a real estate deal, a client depends on the licensee to accurately relay information between the parties. This is especially critical where the licensee is a limited dual agent. . .
Legally Speaking A Judge’s Guide to Whim and Fancy, or Best Efforts Clauses; Seller Had to Have Actual Knowledge of Default, Not Deemed Knowledge of Agent, to Be Liable Under Contract; Note Re: Legally Speaking 332 #333
In one case, the conditional clause in a Contract of Purchase and Sale required the buyer to satisfy himself as to the tax implications of Canadian/USA/international law upon his purchase of Canadian property…
Legally Speaking Commission, Receiver/Manager Can’t Be Sued Personally for Sale of Unionized Business, Seller Discharged Employees, Not Liable for Payment Made by Buyer to Settle Grievance #327
An agent who is given a listing of real property by a receiver/manager licensed under the Bankruptcy and Insolvency Act can confidently expect to be paid if a buyer contracts during the term of the listing to purchase…
Legally Speaking Fair Market Value of Leased Bare Land #216
It’s remarkable how often those who draft contracts, including leases and contracts of purchase, and those parties who sign them, find that a term of the contract that seemed perfectly clear…
Legally Speaking Appraisers – Renewal, Lease, Date for Valuation of Rent; Property Managers – Doing Business in Washington State #146
Any well drawn commercial lease containing an option to renew at a rent to be agreed upon during the renewal term either provides a formula by which the rent can be calculated, or provides that the rent will be fixed…
Legally Speaking Lease, Shopping Centre, Reservation of Parking Spaces for One Tenant; Special Resolution of a Society, Spoiled Ballots #145
A real estate agency with more than 40 licensees leased ground level offices in a small shopping centre containing retail and office space as well as two restaurants, one of which is a McDonalds…
Legally Speaking Salespersons’ Duty to Obtain Highest Price – Part 2 #75
You have listed for sale a house, to be described in the ad as a handyman’s special, which is located on a heavily-trafficked road in the middle of two blocks of mixed residential tenancy and low profit non-conforming…
Legally Speaking Cost of Living Concerns in Commercial Contracts for the Supply of Goods or Services or in Leases #6
The recently reported record increase in the cost of living reinforces everyone’s concern as to the method by which they can protect themselves against the decreasing value of the dollar…