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From 1 March 2021, residential builders will be able to use the
Security of Payment regime to more easily resolve disputes and
recover progress payments from owner occupier homeowners.
Residential home building work carried out by a home builder for
an owner occupier homeowner has always been exempt from the
Security of Payment laws in NSW.
This has meant that the residential home builder carrying out
construction work on an owner occupier s new or existing
home:
cannot utilise the quick and efficient Security of Payment
adjudication process to resolve a dispute with the homeowner;
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With the amendments in the Turkish citizenship laws enacted on
September 19, Turkish government reduced the minimum limit of
required investments for foreign investors to acquire Turkish
citizenship. The thresholds of the different investment categories
for acquiring citizenship dropped to one fourth or one sixth of the
previous minimum investment limits, however, any investment made
before 19.09.2018 was excluded from the scope of those
amendments.
Accordingly;
real estate has been lowered from
USD
1,000,000 to USD 250,000. The investment cannot be sold
for a period of 3 years. Any type of real estate (apartments,
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As property managers or board members for a condominium, it can
be complicated to follow the ever-changing provincial COVID-19
restrictions in your specific region. Yet it is important for you
to ensure that unit owners, employees, and third parties comply
with the applicable restrictions.
The provincial government announced on February 8, 2021 that in
light of reduced COVID-19 transmission rates, regions are now
beginning to transition from stringent restrictions under the
stay-at-home order back to the more flexible colour-coded
framework. Further details were released on February 12, 2021.
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The COVID-19 pandemic has caused thousands of businesses across
the country to close their doors either temporarily or permanently.
These closures have resulted in a significant increase in disputes
between commercial landlords and their tenants. While many of those
disputes have been, or can be, resolved with a business-minded
solution – with the landlord and the tenant sharing the economic pain – a number of cases have ended up
in court.
Cassels is experienced in handling leasing and real estate
disputes. Below we have summarized the most significant reported
As 2020 wound to a close, the Alberta Government
passed
Bill 48, the Red Tape Reduction Implementation Act,
2020 (No. 2). As the name suggests, this is an omnibus bill
which represents the second major legislative step in this
Government s stated plan to reduce red tape by as
much as one third. Most of the Bill s provisions will take
effect in early June of 2021.
Bill 48 updates or repeals 12 different pieces of
legislation. Most of these changes simply eliminate provisions
which were identified as redundant or outdated. However, there are
some important changes which will be of particular interest to
homebuilders and owners, and to developers and municipalities.