Condominium and Subdivision Development
Overview
Project set up:
- land acquisition;
- corporate structuring, including use of limited partnerships and joint ventures;
- assess Tarion’s and HCRA’s applicability to project;
- advice on type of development, including:
- freehold projects;
- subdivisions, and
- division of land pursuant to a part lot control exemption bylaw or consent.
- condominium projects;
- standard condominiums, including modifying unit boundaries and phasing,
- vacant land condominiums,
- common element condominiums,
- condominium conversions, and
- leasehold condominiums.
- freehold projects;
- prepare purchase agreements and disclosure documents (if required pursuant to the Condominium Act).
Financing/Bonding:
- acquisition financing,
- construction financing,
- registering security relation to Tarion bonds;
- excess condominium deposit insurance;
- acting as escrow agent for purchaser deposits.
Assisting with development process:
- complete application for land titles absolute;
- review site plan agreements and other development agreements;
- clearing conditions of draft approval (condominium/subdivision);
- negotiate and register easements;
- register condominium/subdivision;
- complete sales (Unit/Lot/Block); and
- assist with the Turnover Meeting (for condominiums).
Specialty Agreements
- cost sharing agreements (municipal and private); and
- brownfield redevelopments;