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Don't Let Caveats Mislead You: The Importance of Complying with Limitation Periods in Property Claims

In the realm of property law, caveats serve as a powerful tool for protecting interests in real estate. By registering a caveat on land titles, individuals or entities can assert a claim or encumbrance against a property, effectively signaling to potential buyers, creditors or other third parties that may have an interest in the property that there may be pending legal issues to consider. While caveats can provide a sense of security, it is crucial to remember that they do not suspend or alter the operation of limitation periods. This blog reviews a recent Court of King s Bench decision that serves as an important reminder that compliance with limitation periods remains essential, even in the presence of a registered caveat on land titles. ....

Troy Mack , Justice Arcand Kootenay , Michael Chow , Chris Abtosway , Condominium Corporation , Scotia Mortgage Corpv Conejero , Scotia Mortgage Corporation , Litigation Department , Written By Michael Chow , Valuable Notice Mechanisms , Land Titles Act , Ticking Clock , Legal Claims , Limitation Periods , Recent Reminder , Kings Bench , Scotia Mortgage Corp , Scotia Mortgage , Mortgage Corporation , Condo Fee Caveat , Condo Fee , Condominium Property Act , Limitations Act , Commercial Real Estate , Property Law , Protecting Interests ,

Financial delegation must be approved by a board vote

Q. I am on the board of directors of a small common-interest community consisting of less than 20 townhouses. We do not currently have a treasurer so several of the board members are fulfilling th. ....

United States , Illinois Common Interest Community Association , Condominium Property Act , Real Estate , Home Amp Garden ,

Can association prevent re-enactment of a Chevy Chase movie scene?

Q. We are an association of high-end single-family detached homes in the Northwest suburbs. The covenants in the association’s declaration are crystal clear that no campers may be parked in a d. ....

United States , Chevy Chase , Condominium Property Act , Illinois Dram Shop Act , Dram Shop Act , Dram Shop , Home And Garden , Real Estate , Residential Real Estate ,