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The Lay of the Land DEVELOPMENTS IN CANADIAN REAL PROPERTY LAW

Category Archives: Technology

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Disruptive Technologies and Real Estate Pricing

Posted in Construction, Technology

You don’t need a degree in urban land economics to know that real estate prices generally increase with elevation, or to understand why, since most of us appreciate a great view.

But this hasn’t always been the case. In ancient Rome, for example, the poor tended to live on the upper floors of apartment buildings where views were best but it was a long walk up and the risk of perishing in a fire was much higher.… Continue Reading

Landlord ignored and on the line: Clients inclined to buy online

Posted in Commercial, Policy, Technology

Building owners that lease their property using a turnover rent (or “percentage rent”) structure to retailers are facing an important challenge relative to capturing revenue from online sales.

Turnover rent lease arrangements entail a base rent payment to which is added a percentage of a tenant’s sales, or the higher amount between a base rent and a sales percentage. This structure allows landlords and tenants to share in a business’ risks and rewards. In Canada, there is no legislation or formal guidelines regarding the calculation or inclusion of online sales with regards to the computation of a turnover rent structure.… Continue Reading

Buildings with Smarts

Posted in Commercial, Technology

Your office building may soon know more about you than your colleague next door. The introduction of “smart grid” technology is enabling workspaces to identify the person at the station as an individual and set the lighting and temperature accordingly.

Buildings get smart by hooking up wireless-connected devices to their existing grids. Not only is this convenient for employees, it also offers cost-savings to owners and reduces the building’s carbon footprint.  Lights and HVAC systems — which, when combined, form the largest portion of building expenses and wasteful energy consumption – are controlled remotely or completely autonomously. Essentially, these services … Continue Reading