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Nov 29, 2016 · An increase in judicial sales. It’s not surprising that there’s been an increase in judicial sales in Calgary and Alberta over the past two years as a result of the province’s slowing economy due to a drop in oil and gas prices.
RECO investigates complaints made about real estate agents and brokerages, as well as any person who may be unlawfully trading in real estate. RECO ensures that all administrative, regulatory, and discipline processes related to professional conduct are handled in a consistent manner.
- Ending Shared Property Ownership in Alberta
- Reasons Leading to Forced Sale of Jointly Owned Property
- What Happens to The Money from The Forced Sale of Jointly Owned Property
- Defence to The Partition and Sale
- Calgary Lawyers For The Forced Sale of Jointly Owned Property
When two or more parties co-own a property, one party may wish to sell the property. Often this applies to residential properties, however it applies to most real estate. If the other owner(s) refuse to agree to the sale, a party may apply to the courts for the forced sale of jointly owned property. Part 3 of the Law Of Property Act governs the Par...
While many factors play into why people want to sell a property or end a co-ownership situation, several reasons often set the stage. Important to note, no legal obligation exists for an individual wishing for a partition and sale to state why they wish to do so. The most common reasons include, for example, the following:
Most important to most people is the after part of a sale. While in some instances, no net proceeds remain for the parties dues to a lack of equity in the home, however most often it involves money. After completing the forced sale of jointly owned property, the court may rule to divide the net proceeds equally or in any equitable way. Net proceeds...
The courts are reluctant to force people to co-own property. However, the courts look at equitable solutions where possible. For instance, situations where the partition and sale causes undue hardship and other possibilities exist with respect to ending the joint ownership. For example, if the party wishing to keep the property has financial means ...
Kahane Law Office in Calgary is available to help. We act for people looking for a forced sale of jointly owned property. In addition, we act for those receiving notice of such orders. Our family law, civil litigation and real estate teams act in unison to provide exceptional service to our clients at a reasonable cost. For help, feel free to conne...
JSS Barristers has extensive experience in litigation relating to disputes involving real property and real estate transactions. Our practice extends from residential disputes to complex commercial real property litigation.
Mar 9, 2022 · A Calgary real estate agent has been banned from doing business for seven years and hit with a $48,000 fine for breaching multiple codes of conduct, according to an industry governing...
- Bill Kaufmann
Oct 15, 2021 · A CBC Marketplace investigation has found that some real estate agents are breaking the law by steering unwitting buyers away from low-commission homes.
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Real Estate Litigation & Dispute Resolution. The complexity of real estate agreements and the amount of money involved can lead to disagreements about many issues. We’re skilled litigators with extensive trial and dispute resolution experience.
