Landlords with multiple rental properties often wonder about the smartest ways to set up their business. Ontario real estate owners may consider incorporating their rental properties into a holding company. Before doing so, however, they should consider the advantages and disadvantages of this action under real estate law and the tax system.
When the parent company of a franchise changes hands, it can cause a ripple effect through independently owned locations. While some changes and behaviour may be permitted under an agreement, franchise law gives owners certain protections and rights in Ontario. Several Tim Hortons franchisees have brought an $850 million class action lawsuit against their parent company, Restaurant Brands International Inc, alleging bullying and intimidation.
The Ontario government is keeping a close eye on the new rent control measures after a new report showed a negative impact from recent changes. Ontario's housing minister has defended the measures, though he assures concerned parties that he is paying attention to the real estate market in light of new rules. According to the Federation of Rental-Housing Providers of Ontario, the expanded regulations may be connected to the 1,000 rental units being cancelled or converted into condos over the summer.
The Ontario Government has created a new administrative condominium authority through amendments to the Condominium Act. The government developed the Condominium Authority Tribunal (CAT) to make dispute resolution easier and more cost-effective for owners and corporations. It will begin operations on November 1, 2017.