Products tagged with 'canada condominium form'

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Restrictive Covenant for Condo Parking Units | Canada

This form of Restrictive Covenant would be used only by projects in which the parking stalls have separate titles and can be sold separately from the condominium units.
The Restrictive Covenant restricts the disposition of the parking units so that they can only be sold or transferred to other unit owners or to the condominium corporation.
This legal form is available as a fully editable MS Word template.
Intended for use only in Canada.

$12.49 $11.99

A participating mortgage is a loan under which the lender (Mortgagee) participates in the revenues of the property.
A portion of the interest on the loan is to be paid to the Mortgagee annually.
A further portion of the interest will be paid from the balance of sale proceeds of each of the condo units (if any), after payment of development costs, financing charges and marketing costs.
The borrower (Mortgagor) will be paid a general and administrative fee for construction and management of the project.
A further project expense consisting of interest on the equity is to be paid to the developer.
After one year, the Mortgagor can prepay all or part of the mortgage loan without bonus or penalty.
Available in MS Word format.
Intended to be used in Canada.

$44.99