Over 1 in 5 pre-construction property transactions in Calgary now involve assignment agreements. This growing trend lets investors profit without ever owning physical assets. But how does this financial strategy work within Alberta’s legal framework? Assignment agreements enable transferring purchase rights from one party to another. These legally binding tools operate under provincial laws, particularly...
In commercial real estate, certain agreements shift financial responsibilities between landlords and tenants. One popular arrangement in Calgary’s dynamic market involves tenants covering property taxes, insurance, and maintenance costs alongside base rent. This structure allows landlords to stabilize income while tenants gain control over operational expenses. Mark Verzyl Real Estate, a trusted leader...
In real estate, certain agreements give specific parties priority when opportunities arise. A contractual clause known as ROFR ensures an individual or entity receives exclusive access to match or decline a deal before others can bid. This mechanism balances fairness and control, often appearing in leases, partnerships, or property sales. For example, tenants or existing stakeholders might leverage this...
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