Tag Archives: real estate

ILN Today Post

CAN SUSUPENSION OF RENT DUE TO LOCKDOWN BE CLAIMED BY A LESSEE?

Judgment: Ramanand & Ors. Vs. Dr. Girish Soni & Anr. [CM APPL. 10847/2020]

Forum: Hon’ble High Court of Delhi (“DHC”)

Judgment delivered on: May 21, 2020

Act/LawIndian Contract Act, 1872 (“ICA”) and Transfer of Property Act, 1882 (“TPA”)

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ILN Today Post

CANADA EMERGENCY COMMERCIAL RENT ASSISTANCE UPDATE: RELIEF IS ALMOST HERE, BUT WILL EVERYONE PLAY BALL?

General Update

On May 1, 2020, the Canada Mortgage and Housing Corporation (“CMHC“) provided its update on the Canada Emergency Commercial Rent Assistance program (“CECRA“) as the body charged with CECRA’s implementation and administration1. On May 14, 2020, additional details were provided by CMHC on eligibility for the program and on the application process2. On May 19, 2020, CMHC provided guidance on how the application process will proceed, and provided sample documents for commercial property owners to review in advance of the application portal opening in mid-May 20203. Further, CMHC has included reasons compelling landlords to apply for the program (as it has not been generally well-received by landlords) including, but not limited to, the lack of rental income for a landlord if a tenant cannot afford to pay its rent (i.e., 75% of rent is better than nothing) and the costs of finding new tenants.

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Key takeaways from the Economic Package announced by Union FM

Prime Minister Shri Narendra Modi announced Rs 20 lakh crore fiscal stimulus equivalent to 10 per cent of India’s GDP to deal with COVID-19 situation in the country, the Union Finance Minister Nirmala Sitharaman announced the following changes in the various other sectors to promote the motto of Self Reliant India and boost the economic status of the Country.

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Co-ownership in the Time of COVID-19

By Nicolas Melillo, from our Insurance Law Practice Group

May 18, 2020 — Following the state of health emergency decreed by government, and in accordance with the health measures that have been progressively imposed, condominiums have adopted measures alongside the government’s instructions.

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CONDOMINIUM MEETINGS — BILL 190 AND AMENDMENTS TO CONDOMINIUM ACT, 1998 — MAY 13, 2020 UPDATE

On May 12, 2020, the provincial legislature approved (temporary) amendments to the Condominium Act, 1998 (the “Act“) as part of Bill 190, the “COVID-19 Response and Reforms to Modernize Ontario Act, 2020“. Read the full article.

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ILN Today Post

Massachusetts Debt Collection Ban Stricken Down

In a decision with implications for condominium collections in Massachusetts, the U.S. District Court in Massachusetts on May 6, 2020 issued an order prohibiting the State Attorney General from enforcing parts of the March 27 emergency regulations restricting consumer debt collections during the COVID-19 state of emergency. As discussed in our April 7, 2020 client alert, those regulations banned debt collectors from calling debtors and initiating “collection lawsuits.”

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Government suspends evictions and launches, and freezes rental fees in face of the current state of emergency.

Executive Order No. 145 of 1st May, 2020 suspends evictions and launches, and freezes rental fees during the state of emergency.

You may access the decree here

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ILN Today Post

Amid COVID-19 Pandemic, Massachusetts Halts Evictions & Forelosures, While Allowing Remote Notarizations

Within the last ten days, Governor Charlie Baker has signed into law two new acts intended to address the significant economic and legal disruptions caused by the novel coronavirus pandemic and the Commonwealth’s state of emergency response.

The first, An Act Providing for a Moratorium on Evictions and Foreclosures During the COVID-19 Emergency, does just what its title states.

The second, An Act Providing for Virtual Notarization to Address Challenges Related to COVID-19, is more limited and is intended to promote, rather than restrict, legal action.

This alert outlines key provisions of and guidance for complying with these new laws. Read more…

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Approaching the First of the Month During a Pandemic for Commercial Landlords and Tenants

By Sydney Warshaw, Sara Laraichi and Herbert Z. Pinchuk, from our Business Law Practice Group

April 28, 2020 — On April 16th, Prime Minister Trudeau announced a new measure to support small businesses struggling to pay their monthly rent. The Canada Emergency Commercial Rent Assistance (CECRA) program will be a partnership between the Federal and Provincial Governments to offer forgivable loans to commercial property owners, who can then pass these resources onto their small business tenants for the months of April (retroactively), May, and June.

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ILN Today Post

CONDOMINIUM MEETINGS — EMERGENCY ORDER — APRIL 27, 2020 UPDATE

On the evening of Friday April 24, 2020, the Ontario government expanded the scope of its emergency orders to now address various issues relating to condominium owner and board meetings. The orders are retroactive to March 17, 2020 and will apply, unless amended further, for the duration of the emergency order. Read the full article.

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