Vendor’s Mortgage: A Fast Track to Ownership or a Bumpy Road? A Vendor’s mortgage, also known as seller financing, or a vendor take-back mortgage, could present an opportunity to secure property in situations where a traditional mortgage may be difficult to maintain. In this arrangement, the seller essentially becomes a lender, financing part of the […]
INTRODUCTION Jamaica is renowned worldwide for its vibrant creative industries, which include music, art, and literature. These sectors not only contribute significantly to the nation’s cultural identity, but also play a crucial role in its economy. However, the success and sustainability of these industries heavily depend on the protection of intellectual property (“IP”) rights. This […]
INTRODUCTION Joint venture agreements have emerged as a strategic tool in real estate development, facilitating collaboration and risk-sharing among diverse stakeholders. As the real estate industry continues to evolve, these agreements play a pivotal role in navigating the complexities of large-scale projects, offering a framework that fosters mutual benefit, and optimal project outcomes. This article […]
Express covenants refer to explicitly written terms of an agreement between two parties and can be contrasted with implied covenants that are not written in an agreement but are implied by law. Under the principle of freedom of contract, there is, in theory, an endless array of terms that could be written into a lease […]
The obligations of a landlord and a tenant are normally found in the express or written termsof their lease agreement, or deed of lease. Some obligations, or covenants, however, areimplied by statute or common law and will apply to the landlord-tenant relationship, evenwithout being in writing.The three main implied covenants on the part of the […]
Life is a journey filled with twists and turns, and at times, circumstances may arise that challengeour ability to make decisions or make it inconvenient to make those decisions on our own,relating to business affairs, health care, etc. Executing a Power of Attorney (“POA”) can be agreat tool in dealing with such situations. This article […]
Recently, this author attended a capital markets conference, one of the topics of which spoke to how Jamaica can monetise its cultural assets in areas such as music, sport, and entertainment. Perhaps fortuitously, the conference coincided with the buzz surrounding the Jamaican red-carpet premiere of the One Love film, which chronicles the life and career […]
With Jamaica and other markets currently experiencing a higher interest rate environment, manypersons are of the view that now may not be a good time to buy real estate with a mortgage. On thecontrary, because rates are higher than we have been used to, this could present an opportunity for adiscerning buyer to seek out […]
With recent changes in the law surrounding company formation, and the laws having to do with obtaining charitable status for a company, registering a charity in Jamaica looks a lot different than it did a year or so ago. This article will provide a high-level overview of forming a company to be used as a […]
There is no doubt that Jamaicans have spread their wings beyond the Island’s shores, with the result being that there are many Jamaicans living in the diaspora. Often, these Jamaicans have not only acquired assets in their countries of domicile, but also in Jamaica, and being prudent individuals, have created wills that dispose of the […]
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