Tag: Landlord

Purchase and Sale of AIRbnb Properties Part 2

In Part 1 of our series on the purchase and sale of AIRbnb rental properties, we discussed different forms of taxation that may apply when buying or selling a short-term rental property. In Part 2, we will look at city...

By Michael Brown of Merovitz Potechin LLP on Wednesday June 2, 2021.

Purchase and Sale of AIRbnb Properties Part 1

AIRbnb is a popular online marketplace for short-term rentals, homestays and vacation rentals primarily for tourism and short-term work/assignment purposes. The service is provided by a platform that is globally accessible on the Internet and via Mobile App. AIRbnb does...

By Michael Brown of Merovitz Potechin LLP on Tuesday May 25, 2021.

Evicting a Commercial Tenant in Ontario

UPDATE - APRIL 27, 2021 In December 2020, Bill 229, Protect, Support and Recover from COVID-19 Act, 2020 came into effect, which amends the Commercial Tenancies Act (CTA) to reinstate a temporary ban on evictions in Ontario for certain eligible...

By Yaman Marwah of Merovitz Potechin LLP on Tuesday April 27, 2021.

Commercial Tenancies, Letters of Credit and Bankruptcy

One method used by commercial landlords to secure against losses from commercial tenancies is to require tenants to post letters of credit (“LCs”), that the landlord can draw upon in defined circumstances. Though certainly useful, in Ontario there has been...

By Eric Lay of Merovitz Potechin LLP on Thursday January 21, 2021.

Ottawa Landlords and the Mandatory Mask By-Law

If you are a landlord in Ottawa, you may be wondering how the newly announced mandatory mask by-law impacts you, your tenants and your property. Keep reading below for a quick overview on what this means for you and your...

By Yaman Marwah of Merovitz Potechin LLP on Thursday July 30, 2020.

What Happens When a Landlord Defaults on their Mortgage?

When a mortgage goes into default, a mortgagee (the lender), has various options available to recover the debt owed to it. When this situation arises in the context of a mortgaged property that is subject to one or more tenancy...

By Merovitz Potechin on Monday October 21, 2019.