VCREP #137 | How to Avoid the Million Dollar Mistake with Scott McInnes
Vancouver Commercial Real Estate Podcast
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Importance of Estoppel Certificates and GST in Real Estate Transactions
The chapter emphasizes the significance of estoppel certificates in commercial real estate deals, highlighting their role in certifying key lease details for lenders and mortgage brokers. It also discusses the necessity for buyers and sellers to be registered for Goods and Services Tax (GST) in real estate transactions to avoid last-minute financial complications and ensure a smooth closing process. The speakers stress the importance of addressing estoppels and GST registration early on to mitigate potential issues and adhere to contractual obligations in real estate transactions.
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