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Real Estate Law and Regulations

Landowners : have you heard of Part Lot Control ?

Part Lot Control gives municipalities control over the severance of land parcels. They also have mechanisms for removing Part Lot Control, which can be attractive for land owners, allowing them to make additional divisions. For example, see the City of Hamilton’s page on this : https://www.hamilton.ca/develop-property/planning-applications/part-lot-control

Land prices in GTA

I use the term land “prices” rather than land “values” as land has no intrinsic value as in a development with infrastructure and buildings. Having just completed an industrial land search from Mississauga to Hamilton, and planning further searches for specific clients, I can say that prices are climbing and recent deals are really eye…

Endangered Species Act – the basics

I am representing a buyer of a parcel of raw industrial land in Hamilton and I included a condition that we are satisfied that there are no undue risks related to the Endangered Species Act. There are 2 main Acts – The Species at Risk Act (Federal) and the Endangered Species Act (Provincial). For interest…

Commercial Leasing – is it TMI or TMIM?

Tenant Representation

To review, TMI stands for Taxes, Maintenance and Insurance, and on a net lease it allows the landlord to recoup direct costs of ownership from the tenant. Each year the costs are tallied and a new TMI charge is calculated. Some landlords want to charge for management as well, and slide in a management charge,…