Real Estate Fundamentals


Course Date: April 19, 2018

Total: 10h 19min

Day 1: Thursday, April 19, 2018

Welcome and Introduction

Craig W. Shirreff — McCarthy Tétrault LLP, Vancouver
Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver


Land in British Columbia

  • Torrens system
  • First Nations land
  • defining a parcel
  • the title search
  • exceptions from title
  • strata titles

Brian D. MacKay — DLA Piper (Canada) LLP, Vancouver


Questions and Discussion


Statement of Adjustments

  • purpose
  • specific types:
    • tax
    • rent
    • commissions
    • holdbacks

Damon J. Chisholm — McMillan LLP, Vancouver


Questions and Discussion


Break


Drafting the Purchase Contract

  • parties and property
  • representations
  • conditions

Stacey J. Handley — Gowling WLG, Vancouver


Questions and Discussion

Commercial Property

  • who is the seller?
  • who is the buyer?
  • what is being bought/sold?
  • leases
  • service contracts and equipment leases
  • project documents
  • labour and employment
  • purchase price
  • environmental

Neil R.A. Davie — Norton Rose Fulbright Canada LLP, Vancouver


Questions and Discussion


Networking Lunch


Tax Issues

  • Income tax
    • principal residence
    • non-resident vendors and withholding
  • Property Transfer Tax
  • Goods and Services Tax
  • Empty Homes Tax
  • Foreign Buyers Tax

Hardeep S. Gill — Fasken Martineau DuMoulin LLP, Vancouver

Questions and Discussion


Due Diligence

  • title review
  • types of searches: what to search and why
  • material contract and document review
  • additional considerations for specific transactions
  • title insurance

Allison M. MacInnis — Fasken Martineau DuMoulin LLP, Vancouver


Questions and Discussion


Break


Best Practices for Small Firm Real Estate Practitioners

  • professional courtesy
  • know your client rules
  • family Transfers
  • fraudulent Conveyances
  • staff Supervision
  • what is a Simple Conveyance
  • independent legal advice
  • trust accounting
  • insurance issues

Timothy J. Lack — Lunny Atmore LLP, Vancouver

Questions and Discussion

Craig W. Shirreff — McCarthy Tétrault LLP, Vancouver
Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver

 

Day 2: Friday, April 20, 2018

Closing Procedures

  • payment of funds
  • registration order
  • coordination with lenders
  • electronic registration

Sarah Batut — Fasken Martineau DuMoulin LLP, Vancouver


Questions and Discussion


E-Filing

  • document preparation and filing
  • impact on your practice
  • transaction demands vs Land Title Office requirement

Mike Walker — Miller Thomson LLP, Vancouver


Questions and Discussion


Break


Undertakings

  • ethical considerations
  • nature of undertaking 
  • general guidelines

Aneez Devji — Richards Buell Sutton LLP, Vancouver

Questions and Discussion


Mortgages

  • key components of a mortgage
  • lender requirements
  • due diligence affecting mortgages
  • priority issues
  • mechanics of funding and registration

Laura Smith — Fasken Martineau DuMoulin LLP, Vancouver


Questions and Discussion


Networking Lunch


"Under the Covers": What Lawyers' Insurance Covers, and What it Doesn't Cover

Coran Cooper-Stephenson — Claims Counsel, Lawyers Insurance Fund, Vancouver
Maryanne Prohl — Claims Counsel, Lawyers Insurance Fund, Vancouver


Waterfront Properties

  • erosion and accretion
  • using the submerged and foreshore areas adjacent to private land
  • riparian rights of access
  • subdivision of submerged lands - how to avoid losing land

Sandra J. Benson — Supervising Solicitor of the Resource, Environment and Land Law Group, British Columbia Ministry of Attorney General, Victoria

Questions and Discussion

The Collapsing Deal: When Things Go Wrong

  • elections on breach of Contract
  • tender
  • specific performance
  • claiming the deposit
  • damages
  • restrictions on dealing with land pending litigation

Lisa Martz — Gudmundseth Mickelson LLP, Vancouver

Questions and Discussion


Break


Hot Topics Panel

  • 80% threshold charge on winding up stratas
  • airspace parcels
    • agreements and procedures
    • mixed use developments
  • LTSA e-filing audit
  • CPL's on title
    • what do they mean
    • how to remove them
  • Civil Dispute Resolution Tribunal
  • legislative update

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Timothy J. Lack — Lunny Atmore LLP, Vancouver

Craig W. Shirreff — McCarthy Tétrault LLP, Vancouver

 

Date:

April 19, 2018

Course:

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Date:

April 19, 2018

Course:

Contributor(s):

Date:

April 19, 2018

Course:

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Date:

April 19, 2018

Course:

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