CLE Online

Day 1: Thursday, March 3, 2016

Welcome and Introduction

Land in British Columbia

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

Brian MacKay — DLA Piper (Canada) LLP, Vancouver

Questions & Discussion

Statement of Adjustments

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

Damon J. Chisholm — McMillan LLP, Vancouver

Questions & Discussion

Networking Break

Drafting the Purchase Contract

• parties and property
• representations
• conditions

Vanessa F. Lunday — McCarthy Tétrault LLP, Vancouver

Questions & 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 — Bull, Housser & Tupper LLP, Vancouver

Questions & Discussion

Networking Lunch

Tax Issues

• income tax
  • principal residence
  • non-resident vendors and withholding
• Property Transfer Tax
• Goods and Services Tax
• transition matters under GST as well as PST

Michael Coburn — Fasken Martineau DuMoulin LLP, Vancouver

Questions & 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

Erin K. Tait — Koffman Kalef LLP, Vancouver

Questions & Discussion

Networking Break

Practical Tips and Tricks for Small Firm Real Estate Practice

• professional courtesy
• know your client rules
• family transfers
• fraudulent conveyances
• staff supervision
• what is a simple conveyance?
• independent legal advice
• Lawyers Assistance Program

Timothy J. Lack — Lunny Atmore LLP, Vancouver

Questions & Discussion

Day 2: Friday, March 4, 2016

Closing Procedures

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

Sarah Batut — Fasken Martineau DuMoulin LLP, Vancouver

Questions & Discussion

E-Filing

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

Mike Walker — Miller Thomson LLP, Vancouver

Questions & Discussion

Networking Break

Undertakings

• ethical considerations
• nature of undertaking
• general guidelines

Aneez Devji — Richards Buell Sutton LLP, Vancouver

Questions & 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 & Discussion

Networking Lunch

Top Mistakes That Cause Claims and Tips to Avoid Claims

• when to contact LIF
• types of mistakes leading to insurance claims 
• practice points to help avoid and defend claims

Marlon T. Song — The Lawyers Insurance Fund, Vancouver

Questions & Discussion

Networking Break

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 & Discussion

Hot Topics Panel

• what are party wall agreements?
• recent REDMA updates
• PTT exemption tips and pitfalls
• what are some of the key items to know about residential strata presales?
• how do leasehold stratas differ from fee simple stratas?
• is there really a difference between a covenantor and a guarantor?
• how do you give Section 28 Notices, and when?
• what is the priority of a CPL vs. other charges?
• what are the real rules surrounding “shadow flipping”?

Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Timothy J. Lack — Lunny Atmore LLP, Vancouver
Craig W. Shirreff — McCarthy Tétrault LLP, Vancouver