Borrower Defaults Under a Mortgage and Lender's Enforcement Rights: Overview
Practical Law Canada Practice Note Overview w-023-7165 (Approx. 18 pages)
Borrower Defaults Under a Mortgage and Lender's Enforcement Rights: Overview
by Practical Law Canada Commercial Real Estate
This Practice Note provides an overview of common breaches by borrowers under a mortgage of commercial real property, such as the failure to pay and breach of covenant, and the most common remedies of commercial lenders for such breaches, such as power of sale, foreclosure, and judicial sale. This Note is applicable across all common law jurisdictions, but particularly in Ontario.
Get full access to this document with Practical Law
Try free and see for yourself how Practical Law resources can enhance productivity, increase efficiency, and improve response times.
About Practical Law
This document is from Thomson Reuters Practical Law, the legal know-how that goes beyond primary law and traditional legal research to give lawyers a better starting point. We provide standard documents, checklists, legal updates, how-to guides, and more.
Learn more- Increase efficiency
- Enhance productivity
- Improve response time
End of Document
Also Found In
Resource ID w-023-7165Copyright © Thomson Reuters Canada Limited or its licensors. All rights reserved.
Maintained
Resource Type Practice note: overview
Jurisdictions
Related Content- Canada (Common Law)
- Ontario
Table of Contents