Drafting Cautiously: Waiving Statutory Protections - Sections 49 and 52 of Alberta's Expropriation Act in Mortgage Agreements

In Alberta, it is common for mortgage agreements to include clauses waiving statutory protections under Sections 49 and 52 of the Expropriation Act. These waivers can have significant financial and legal consequences for borrowers, especially when land is expropriated for public purposes.... By: Bennett Jones LLP