Section 98 of the Condominium Act, 1998 allows owners to make alterations to the exclusive use common element areas allocated to their unit as well as the other common element areas. Section 98 requires that for a unit owner to make any addition, alteration or improvement to the common elements, the improvement must be approved
Lorne Shuman, Author at Isenberg & Shuman - Page 21 of 27
Lorne Shuman / December 11, 2015
BREAKING A CLOSED MORTGAGE CAN COST YOU
I recently closed sale transaction for client who was shocked to learn that his lender was charging him a $50,000 penalty to pay off or break his mortgage before the maturity date of the mortgage. This column will explain what a closed mortgage is and how breaking it or paying it off early can impact
Lorne Shuman / October 10, 2015
USING A POWER OF ATTORNEY
Using a Power of Attorney (POA) in a real estate transaction is not as straightforward and simple as it would appear to be. This column will examine many of the issues that need to be considered and will also point out the difficulties that can arise if best practices are not followed. What is a