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Real Estate Financing - Annotated Precedents--ONLINE ACCESS

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Find the documents you need for a real estate financing deal

This book is essential for: all real estate practitioners.

Current to: June 1, 2015

ONLINE ONLY annual subscriptions to this book include convenient online access with search capability, links to the full text of cases and legislation, downloadable forms and precedents, and regular updates 

Real Estate Financing—Annotated Precedents is the British Columbia collection of documents for complex real estate financing deals. Written and peer reviewed by esteemed members of the real estate bar, this trusted resource is the package of tools you need to document the deal.

This resource will help you to:

  • draft complex documents in support of your deal, from commitment letters, mortgages, general security agreements, and covenants and guarantees to priority standstill agreements
  • understand when and why the documents are used
  • develop strategy to help your clients
  • identify practice pitfalls to avoid

Highlights of the 2015 update

  • inclusion of floating charge in GSA
  • borrower’s obligation to draw on facility
  • use of title insurance to deal with novel issues for a project
  • borrower’s declaration of REDMA compliance and no notice of purchaser exercising rescission rights
  • distinctions between surety and guarantor; guarantee and indemnity
  • risk of making beneficial owner a guarantor
  • wording added to waivers of defences that they are applicable in the event a court of competent jurisdiction deems covenant to be a guarantee
  • potential elimination of limitation period for remediation cost recovery actions

CLEBC Legal Editor
L. Joy Tataryn
jtataryn@cle.bc.ca

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