Interest Clauses – Uncertain and Unenforceable #100

Legally Speaking

By Gerry NeelyB.A. LL.B. What do the following three clauses have in common? “Vendors to carry $90,000.00 by way of a first mortgage payable at $950.00 per month, principal and 12% interest included with a three-year interest adjustment clause. This mortgage to be open and purchaser to have privilege to pay out in full or

Tenancies, Subject to Existing #101

Legally Speaking

By Gerry NeelyB.A. LL.B. Lower interest rates have helped fuel a sharp increase in demand for properties in Victoria and the Lower Mainland, and I trust, throughout the Province. The increased demand has led to fewer listings and that will result in increased prices if demand continues. No one now anticipates that this increased demand



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