When acquiring an investment property, a thorough review of lease agreements is required to determine the appropriate valuation of the property. The value of the investment property is directly linked to the amount of rental income, the term, the quality of the tenants, the enforceability of the
Negotiating Commercial Lease Renewals In a typical commercial lease, the landlord and tenant will agree to renew the lease on the same terms and conditions of the original lease; however, the base rent is typically subject to negotiation upon renewal. Case law in Ontario suggests that a Court
As you may have heard, the Ministry of Transportation of Ontario (MTO) through its agents, is undertaking a widening of an 18-km stretch of Highway 401 through the GTA, with the addition of at least six (6) new traffic lanes, as reported here. The Highway 401 Expansion Project extends from the
Council considers a request to begin an application under the Expropriations Act to obtain land and/or an easement or a specific Town project. This permits the Town to issue a "Notice of Application for Approval to Expropriate Land" to the affected property owners so the expropriation process can
At Goldstein Law, we are a Toronto-based law firm that focuses on employment law. In the course of our employment law practice in Ontario, we frequently consult employers and employees on the drafting of employment contracts and the interpretation of various terms contained in employment contracts.
Real Estate Commissions – Are They Payable if I do not close? In the past couple of years, we have been involved with numerous Agreements of Purchase and Sales in the residential real estate market that have not closed on account of both the vendor and purchasers default. More often than not,
Severance packages for senior executives can often amount to several hundred thousand dollars in entitlements. Accordingly, it is imperative that executives are attuned to the employment law issues that are prevalent in severance packages in Ontario. A wrongful dismissal occurs when an employee
The expropriation of private land is one of the ultimate exercises of governmental authority. To take all or part of a person’s property constitutes a severe loss and a very significant interference with a citizen’s private property rights. It follows that the power of an expropriating authority