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A recent decision by the Ontario Superior Court provides some clarification on the strict nature of a time is of the essence clause in an agreement of purchase and sale. In Fortress Carlyle Peter S...
Written by Jamie Paquin and Brian Parker
(ICSC U.S. Shopping Center Legal Update, Spring Issue 2016)
Canadian landlords often require that tenants provide a deposit when entering into a lease. The deposit is intended to serve as a pool of money the landlord can draw on if the tenant breaches the lease. However, landlords may be surprised to learn that the tenant's other creditors may have a right to the deposit in priority to the landlord.
Read the full article Security Deposits Prepaid Rent- 2016
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