BC Real Estate Practice Manual

This book is essential for: junior to intermediate lawyers in real estate practice, and helpful for seasoned practitioners.

Current to: April 1, 2010  

A practical day-to-day guide to real estate conveyancing

This practical, day-to-day guide leads you quickly and completely through the necessary steps of a conveyance. The manual includes:

• thorough discussion of residential property, including searches and investigations
• summary chapter on commercial property transactions
• special considerations for strata lots
• discussion of lawyers' undertakings and professional responsibility issues
• the latest case law on duties of real estate licensees
• full coverage of tax considerations for both residential and commercial property
• practical advice and remedies for a collapsing deal

Rounding out this all-in-one resource are 130 of the most common real estate forms and precedents, including essential land title office documents.

Subscriptions include online access with search capability and links to the full text of case law and legislation, updates each spring, and forms and precedents on CD-ROM.

Highlights of the 2010 Update

• electronic trust withdrawals under $25 million
• change in “simple conveyance” disqualification
• change to qualification as “taxable Canadian property”
• HST considerations for purchasers and vendors
• money laundering reporting requirements of developers
• new case law:
  • licensee remuneration
  • developers’ disclosure statements
  • exceptions to indefeasibility of title—fraud
  • vendor’s claim to deposit in collapsed deal

CONTENTS
________________________________________
 
Chapters
1.  Preliminary Matters
2.  Real Estate Licensees
3.  The Purchase Contract
4.  Tax Considerations
5.  Searches and Investigations
6.  Commercial Property
7.  Title
8.  Statements of Adjustments
9.  Undertakings
10. Other Closing Documents
11. Closing Procedures
12. The Collapsing Deal: Practical Advice and Remedies

Glossary

Checklists
1.   Residential Conveyance Procedure
2.   Independent Legal Advice

Forms and Precedents
I.     Preliminary Matters
II.    Real Estate Licensees
III.   The Purchase Contract
IV.   Searches and Investigations
V.    Title
VI.   Statements of Adjustments
VII.  Undertakings
VIII. Other Closing Documents
IX.   Closing Procedures
X.    The Collapsing Deal: Practical Advice and Remedies
XI.   Electronic Forms

Tables
Case Table
Statute Table
References

Index

Features

• complete set of forms and precedents
• regular updates
• tables of cases and statutes
• comprehensive index
• glossary
• checklists
• convenient looseleaf format with tab indexing
• online access to electronic version with hyperlinks to primary law

Editorial Board
Douglas E. Bolton — Goodmans LLP, Vancouver
Randy G. Klarenbach — Richards Buell Sutton LLP, Vancouver
Craig W. Shirreff — McCarthy Tétrault LLP, Vancouver
Professor Mary Anne Waldron, QC — Faculty of Law, University of Victoria, Victoria

Authors
Damon Chisholm — Lang Michener LLP, Vancouver
Sergio C. Custodio — Fasken Martineau DuMoulin LLP, Vancouver
Neil R. Davie — Bull, Housser & Tupper LLP, Vancouver
Brian K. Evans — Real Estate Council of British Columbia, Vancouver
Christopher L.T. Falk — McCarthy Tétrault LLP, Vancouver
Carolyn S. Gulabsingh — Real Estate Council of British Columbia, Vancouver
Gayle Hunter — Blake, Cassels & Graydon LLP, Vancouver
Gordon R. Johnson — Borden Ladner Gervais LLP, Vancouver
B. Glenn Leung — McCarthy Tétrault LLP, Vancouver
Brenda M. Lightbody — Richards Buell Sutton LLP, Vancouver
Edna M. Ritchie — Lawyers Insurance Fund, Law Society of BC, Vancouver
Mark A. Schmidt — Davis LLP, Vancouver
L. Michael Walker — Miller Thomson LLP, Vancouver
James Warnock — McCarthy Tétrault LLP, Toronto
Edward L. Wilson — Lawson Lundell LLP, Vancouver
Paul L.Y. Yeung — Stikeman Elliott, LLP, Vancouver