Land Transfer Tax: Assignments, Flips and Options

Determining the amount of Land Transfer Tax (“LTT”) payable on a routine purchase and sale transaction is not a difficult task. On a more complicated transaction or series of transactions, however, the impact of the Land Transfer Tax Act R.S.O. 1990, c.L.6, as amended (the “Act”) and the resultant LTT may have surprising and unfavourable results for a purchaser.

Beware the Pitfalls of the Notice of Default

It is well established law that distress and termination are mutually exclusive remedies. Distress proceedings are fundamentally inconsistent with a termination of the lease, as the former contemplates the continuation […]

Quiz: Navigating Franchising Leasing Agreements

With franchisors and franchisees involved, lease agreements can get fairly complicated. In many situations, it’s not immediately obvious where obligations lie, or whether a clause will be harmful or helpful. […]