British Columbia’s real estate sector is undergoing a significant legislative transformation aimed at streamlining development to tackle the pressing housing crisis. This initiative, which includes fast-tracking small-scale development approvals, is supported by extensive new legislation in 2023, and the upcoming rollout of streamlined multiplex permitting in Vancouver.
Whether you are looking to develop, acquire, sell or lease property in B.C., having a legal partner with up-to-date knowledge and industry-specific experience is crucial for the success of your project.
At MLT Aikins in Vancouver, Saravan Veylan, partner, and Jennifer Williams, counsel, collaborate with developers, First Nations and individuals to navigate the complexities of commercial real estate law.
“While these rapid shifts in real estate development present numerous opportunities for developers, builders and landowners, these shifts also introduce complex legal requirements that can be challenging to navigate. We help steer clients through every aspect of a commercial transaction from due diligence to successful completion,” says Veylan.
The role of an experienced commercial real estate lawyer is both invaluable and essential. Their ability to manage legal complexities, draft robust contracts, mitigate financial risks, resolve disputes and ensure seamless transactions is critical for protecting investments and achieving long-term success for clients.
“As the Province continues to evolve its housing strategies, we have seen increased activity and compressed timelines with transactions. Having the experience and knowledge to advise on these changing requirements has been instrumental in helping our clients complete projects on time and on budget,” says Williams.
Five things your legal partner should bring to your next project:
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Experience in commercial transactions
Your lawyer should be adept at addressing the unique challenges of conducting complex transactions in commercial development, acquisition, sale and lease of properties. An experienced lawyer ensures deadlines are met, documents are accurate and risks are mitigated. - Up-to-date knowledge
The real estate landscape is shaped by ongoing legislative changes in B.C., where new zoning laws, environmental regulations and municipal changes can significantly impact development projects. Your lawyer should be informed about recent legislative developments, ensuring you meet requirements and avoid costly mistakes.
- Collaborative approach
Real estate transactions often involve multiple parties, including landholders, developers, construction teams, external consultants and government authorities. A lawyer who emphasizes collaboration can effectively manage the nuances of these relationships, ensuring legal strategies are in place and issues are avoided.
- Clear communication
Effective communication is crucial in any legal relationship. A lawyer should be able to convey complex legal concepts in a manner that is easily understood. They should also be responsive to client inquiries, ensuring that stakeholders are informed and feel confident about the process.
- Cost transparency
Understanding the fee structure and costs associated with legal services is essential. A trusted legal adviser should provide a clear explanation of their fees and billing practices, ensuring there are no surprises along the way. This transparency allows clients to budget effectively for their legal expenses.
Clients choose MLT Aikins because its lawyers align with their business objectives, delivering exceptional value through effective, practical and client-centred service. Whether you are developing, acquiring, selling or leasing property in B.C., MLT Aikins has the current knowledge and industry-focused experience to achieve your goals.
For more information or to book a meeting with either Saravan or Jennifer, please visit mltaikins.com
