Renovations are necessary and important for landlords to maintain and improve their properties. Improvements also benefit tenants in the long run. In many cases, vacant possession is necessary to complete the work, which displaces the current tenants in an already difficult housing market. As such, the government regulates “renovictions” – evictions for the purpose of […]
As platforms such as Airbnb become ever more popular, tenants will increasingly seek to sublet their units on a frequent, short-term basis – potentially to even turn a profit. Although in principle sublets benefit both landlords and tenants, the unfortunate reality is that if used improperly they can create a major problem for landlords. A recent court decision has provided protection for landlords.
A frequently encountered issue faced by many lenders in mortgage backed loan transactions is the use by the borrower of a nominee title holder, or bare trustee.