The practical distinctions between buying a condominium and buying property can sometimes be confusing. Here are a few points to illustrate what you are buying when you buy a condo. The exact definition of what you own and what you are responsible for, i.e. what is your unit, should be outlined in your Condominium Corporation's Declaration.Read More
When you buy a condominium one of the things that you (or usually your representatives) look into is whether or not the condo corporation has a healthy reserve fund.
When you buy a condo unit, the vendor has to order what is referred to as an "estoppel certificate". This will outline the status of the fees for your specific unit, but it will also give you details about the reserve fund of the corporation.Read More
Did you know there were time limits to file a claim in court? Well, there is! Depending on the type of claim you have, the amount of time you have to file can vary substantially. This period of time is called a “limitation period”. In Nova Scotia, the limitation period is determined by the type of legislation that your claim falls under. If the legislation does not set out a time period, then the Limitations of Actions Act will outline the time limits to follow.Read More
Probate is the process by which a “Personal Representative” is formally appointed to have the authority to administer the estate of a deceased. The person appointed Personal Representative assumes the duty of gathering information about all of the assets of the deceased, (such as bank accounts, investments and property) paying the debts of the deceased out of the assets of the estate, and then and distributing the remainder of the assets among the rightful heirs, who are known as beneficiaries .Read More
There are many different ways you can own property. The most common are owning parcels of land, or buying a unit in a building - the condominium. There is another option, where you would purchase a "bare land condominium". The ownership structure of purchasing a bare land condominium is similar to that of the traditional condominium, but refers to a parcel of land, defined by survey markers.Read More
‘Damages’ is a term used to describe the monetary compensation awarded to victims of successful Personal Injury claims. They are calculated and granted by the court following the case. The Damages are an effort to reimburse the victim, as best as possible, for any losses suffered as a result of their injury. These losses could be economic, such as their ability to work for a period of time, or non-economic such as physical injuries. In conducting their calculations of the amount and types of Damages to award, the court asks itself what amount can help to put the victim in the same position they would have been had the injury not occurred.Read More
In Nova Scotia, a builder’s lien that is registered against a property only stays valid for 105 days past the last day of work done on the property unless the lien is “perfected”. “Perfection” in the context of a builder’s lien means that the person who holds the lien formalizes their claim by starting a lawsuit in the Supreme Court of Nova Scotia. If no lawsuit is started within the required time, the lien becomes completely invalid.Read More
If you are having an issue and you would like to go to court but the idea of an expensive legal battle that drags out for years is not something you are interested in you might want to consider Small Claims Court in Nova Scotia. Small Claims Court is designed for matters that are for smaller amounts of money and can be decided without years worth of evidence. However, there are limits to the matters you can take to Small Claims Court.Read More
If you participate in a lawsuit and lose, the judge will issue an order against you. The order will outline the details of his decision, specifically the details of what you are legally obligated to do. In many cases this involves paying somebody a certain amount of money. At this point you can simply choose to pay the amount the judge has ordered you to. However, for a lot of people this is not a realistic option.
Keeping you home in tip top shape in order to show it can be a task. Particularly when you have pets in your home, but it can make a bad impression if you don't. Here are some things you should think about when your selling with pets:
When you are buying a home in Nova Scotia there are a lot of moving parts to the process. When you are buying a condominium, often you can count on adding a few more. One of the requirements specific to purchasing a condo unit is getting your hands on the estoppel certificate. It’s important to understand why you need one.Read More
If you are buying a home for the first time you may qualify for First Time Home Buyers' rebate.
A "first time buyer" is an individual who builds or purchases a newly built home and has not owned or occupied a home in Canada in the last five years.Read More
There are many reasons home owners require an appraisal, but the most common appraisal requests are for lending purposes. When a financial institution is considering granting a loan to purchase, improve or refinance a property, they need confirmation of the current market value of the property that will be securing their investment. An appraiser is called upon to provide an unbiased opinion of value based on market research and analysis and a review of the subject property. Appraisals are also commonly sought for real estate transactions, estate planning, separation and divorce settlements and insurance purposes.Read More
A new year is a fresh start in many ways. It is a great time to re-set. Organizing your home can be a great way to do this. Read on to learn a few ways to take advantage of the timing and get organized.Read More
Incorporation is only the beginning of the process, corporations in truth require continuous attention. One important order of business a corporation is required to conduct is an Annual General Meeting or an “AGM”. A corporations governing legislation will set out the time frame within which an AGM is required to be held. According to both the Canada Business Corporations Act and the Nova Scotia Companies Act, an AGM is mandated to take place at minimum once a yearRead More
Hygge is a word that has been popping up a lot in discussions of home decorating, particularly for the fall and winter. Consider how embracing Hygge when staging your house for sale in the winter can have a positive impact on offers.Read More
In Nova Scotia real property is given an assessed value each year. The question is how do assessors arrive at that value, why are properties given an assessed value and what is that figure used for?
I was asked recently by a contractor if there was really any value in filing a builder’s lien in Nova Scotia. Reading between the lines, I gathered what he was really asking was, is it worth the money in legal fees that it would cost to go through with a builder’s lien process. The answer is, it depends.Read More
January 31st has been designated ‘Bell Lets Talk Day’ in an attempt to recognize that we as a society need work on acknowledging mental illness. Mental illness is as real as physical illness. Just like physical illness, mental illness comes in all shapes and sizes and does not discriminate against who it attacks. Statistically, in any given year 1 in 5 people in Canada will personally experience a mental health problem or illness. The Canadian Mental Health Association website shares other startling statistics with respect to how common mental illness is amongst us. Initiatives like ‘Bells Lets Talk Day’ help reduce the stigma and resulting discrimination attached to mental illness. However, the reality is understanding and acceptance of mental illness in our society is not what it should be…. yet.Read More
In Nova Scotia, your Executor is the person you designate in your Will to be legally responsible for distributing your assets to the beneficiaries you name after you’ve died. They’re also technically responsible for handling your remains. It is a very important role with heavy financial consequences attached to it, as such it is important to select someone who is up to the task.Read More