Monthly Tip - April 2015

MT
Miller Thomson LLP

Contributor

Miller Thomson LLP (“Miller Thomson”) is a national business law firm with approximately 525 lawyers working from 10 offices across Canada. The firm offers a complete range of business law and advocacy services. Miller Thomson works regularly with in-house legal departments and external counsel worldwide to facilitate cross-border and multinational transactions and business needs. Miller Thomson offices are located in Vancouver, Calgary, Edmonton, Regina, Saskatoon, London, Waterloo Region, Toronto, Vaughan and Montréal.
With the appropriate by-law in place, these costs can be charged back to the unit that sustained the damage.
Canada Real Estate and Construction

We are seeing many corporations having to pay the cost of the insurance deductible arising from damage caused to units not caused by an act or omission of the corporation because the corporation has not passed an insurance deductible by-law. With the appropriate by-law in place, these costs can be charged back to the unit that sustained the damage.

We are also seeing many corporations incurring the costs to repair damage to unit items that would be considered upgrades, therefore becoming the unit owner's responsibility. It is time to consider passing insurance deductible and standard unit by-laws if your corporation has not yet done so.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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