Real Estate Law Archives

November 24, 2021

LOTA Filing Deadline Date Extended to November 30, 2022

To combat the issue of money laundering in British Columbia and end hidden ownership of land, the government enacted the Land Owner Transparency Act ("LOTA") in May of 2019 to establish the Land Owner Transparency Registry ("LOTR") for the beneficial ownership of land in British Columbia. We want to inform you of significant new disclosure obligations

July 8, 2020

Force Majeure Clauses in Lease Agreements During Covid-19

Lease agreements are long and full of dry content. In truth, there really isn’t a way to make them more fun. But there are ways to negotiate and draft lease agreements to protect your rights more fully. A force majeure clause is an especially relevant consideration in light of the COVID-19 Pandemic. Force Majeure and

August 28, 2018

Getting Familiar with a Purchase & Sale Contract for 1st Time Buyers

The prospect of owning property for the first time is an exciting milestone in life. But many first time buyers have little to no knowledge about the standard terms of a Contract of Purchase and Sale, which can be an intimidating process for some. The following is a general guide to help you familiarize yourself

April 5, 2017

How BC Realtors Can Protect Themselves From a Massive Tax Hit

Last updated on June 29th, 2022 at 12:14 pmImage source: flickr A recent B.C. Supreme Court ruling, Mao v Liu (2017 BCSC 226), creates potential liability for realtors, lawyers, and notaries who deal with property sellers who are non-residents of Canada for tax purposes. What Happened? The case involved a notary public who was required to

January 27, 2017

BC HOME Partnership Loans to Help New First-home Buyers

Everybody wants to live in the Lower Mainland but a huge number of people simply can’t afford the down payment. Now a new BC government program helps first time homebuyers make that down payment by giving a loan of up to five percent of the purchase price. The Quick Breakdown The loan will match