Rental Clause #201

BC Real Estate Association logo with the words "legally speaking" printed below

By Gerry NeelyB.A., LL.B. Sometimes a simple clause such as the one which follows conceals problems which lead to litigation. “Vendor may retain all rental monies collected from tenants prior to completion date, and purchaser may retain all rental monies collected from tenants on or after completion date.” A dispute arose between the parties as