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Condominium Development

Lawrences has acted for numerous landowners in Southern Ontario, especially the GTA, to develop their lands as Condominium Corporations. Our services include:

  • Ownership, investment and transaction structuring with appropriate ownership structures including joint ventures, partnerships, corporations and shareholder arrangements
  • Review, negotiation and drafting of Letters of Intent and Agreements of Purchase and Sale and completion of acquisition of condominium development land
  • Advice on financing commitments and negotiation and drafting of appropriate security for borrowers and lenders, including long-term, construction and other loans and mortgage securitization
  • Preparation and amendments of Declarant disclosure documentation
  • Preparation of reservation agreements and Declarant agreements of purchase and sale
  • Completion of condominium development applications and municipal planning approvals, and negotiation of municipal and utility agreements/easements
  • Co-ordination and management of project work for Declarants between surveyors, architects, engineers, property managers, builders, insurers, and lenders 
  • Retention of purchaser deposit funds as prescribed trustee under the Condominium Act
  • Completion of occupancy closings and final closings
  • Preparation and registration of condominium corporation declarations and by-laws
  • Corporate organization of condominium corporations
  • Completion of turn-over meetings and post-closing project matters
  • Common Elements Condominium Corporations; Phased Condominium Corporations; Vacant Land Condominium Corporations; Leasehold Condominium Corporations; Condominium Conversions  
Mar 18, 2015 | Case Study

Condominium Development

The Problem We were retained by the owner of some land in Toronto to conduct the legal work necessary for developing the land as a commercial condo...

Dec 01, 2013 | Article

The Importance of Disclosure Documents in New Commercial Condominiums

Whether you are developing a commercial condominium or buying a unit within one, the condominium’s disclosure documents require careful attention, since they describe important features of the proposed condominium. Disputes can arise if buyer and seller do not clearly understand their obligations.

Oct 01, 2011 | Article

Condo Conversion: Not Just for Apartments

Ten years ago, Paul purchased a Brampton strip plaza of 30 small commercial stores. At first, the plaza vacancy rate was low, but increasingly he has had to deal with defaulting tenants and maintenance issues. Paul would like to retire and has considered selling the plaza, but his real estate agent says it will be difficult to find a buyer in these economic times.

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© 2015 Lawrence, Lawrence, Stevenson LLP

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43 Queen Street West, Brampton, ON, Canada L6Y 1L9
Telephone: 905.451.3040 Fax: 905.451.5058 Email: lls@lawrences.com

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