In this issue:
- Assignment of Lease vs. Mortgage of Lease
- Ontario Clarifies Property Tax Rules for Renewables
Assignment of Lease vs. Mortgage of Lease
By: Manuel A. Martins
When lenders consider their real property security options, their analysis often goes beyond simply taking a mortgage from a debtor who owns real estate. A debtor's interest in real property leases (whether as landlord or tenant) means a lender often obtains either an Assignment of Lease or a Mortgage of Lease as additional security. Like any other specific security agreement, these agreements facilitate the orderly and more effective enforcement of the Lender's security in the underlying debtor asset.
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Ontario Clarifies Property Tax Rules for Renewables
By: Thomas J. Timmins, David Tang and Neeta Sahadev
On January 4, 2012, the Province of Ontario added greater clarity to the property tax treatment of renewable energy generation facilities by amending Ontario Regulation 282/98 under Ontario's Primary Property tax statute, the Assessment Act.
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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.