3 total
The court declared a commercial lease validly renewed and enjoined the landlord from undermining the tenant's pending Planning Act consent application.
The decision concerns a dispute over the renewal of a commercial lease between McDonald’s Restaurants of Canada Limited and North Elgin Centre Inc. McDonald’s sought to exercise its option to renew the lease for two additional 10-year terms, while North Elgin opposed the renewal, seeking to terminate the lease and redevelop the property.
The court reviewed the lease provisions, the requirements of the Planning Act, and the parties’ conduct, ultimately finding that the lease had been validly renewed for both the first and second renewal terms, subject to municipal consent.
The court dismissed North Elgin’s application to terminate the lease and granted McDonald’s a declaration of renewal, ordering North Elgin to refrain from further communications that would undermine the consent process.
The court dismissed an application to set aside litigation loans under the Unconscionable Transactions Relief Act, finding the compounding interest was not unconscionable given the lender's risk.
The court considered an application under the Unconscionable Transactions Relief Act to set aside litigation loan agreements entered into by Chadwick Randy Kelly (by his litigation guardian and attorney for property) with BridgePoint Financial Services Limited Partnership I. The loans, used to purchase and retrofit a home after a catastrophic injury, had grown to over $1.1 million due to compounding interest.
The applicants argued the loans were excessive, harsh, and unconscionable.
The court found that, given the risk profile, the lack of alternative financing, and the terms of the agreements, the loans were not excessive or unconscionable under the Act.
The application was dismissed and costs awarded to the respondent.
The court awarded damages for a failed real estate closing, dismissing the purchaser's counterclaim.
The court granted judgment in favour of Madison Homes Cornell Rouge Limited for losses arising from the defendants' failure to close a real estate transaction.
The court dismissed the counterclaim and third-party claim, finding no actionable misrepresentation, duress, or unconscionability in the sales process.
The court also found no fiduciary duty owed by the third party, Edward Wong, to the defendants.
Damages were awarded for the difference between the contract price and resale price, plus related expenses.
