Tag Archive for: covenants
https://www.reedpope.ca/wp-content/uploads/2020/01/rp-logo.svg 206.2 594.1 JohnM John https://www.reedpope.ca/wp-content/uploads/2020/01/rp-logo.svg JohnM John2023-01-30 12:00:352023-01-30 09:54:20Positive Covenants, Parallel Contracts, Post-Incorporation Contracts and Termination
In a recent decision, the original owner developer owned and developed two neighbouring parcels of land into strata properties. As part of the approval process, the owner developer entering into an agreement with Burnaby the terms of which included that several amenities facilities (sport courts, swimming pool, etc.) would be constructed on parcel A, parcels A and B could use the amenities and parcel B would contribute to the costs of maintenance of the amenities.