New and Old Issues: Transferring Multi-Res Properties — Watch Out!

Buying and selling residential apartment buildings can trigger obligations for vendors and purchasers under the Employment Standards Act1 (the “ESA”). On-site superintendents, maintenance staff, parking/valet staff and cleaning staff may be employees of the building owner and will have accrued rights under the ESA that must be taken into account by the purchaser and vendor in the context of a transfer of the property…

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