Glossary
Brownfield
An abandoned, vacant, derelict or underutilized
commercial or industrial property where past actions have
resulted in actual or perceived contamination and where there
is an active potential for redevelopment.
Escheat
The reversion of property to the federal or
provincial Crown, as provided by law, for example when property
is abandoned. |
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Greenfield
A vacant property with no actual or perceived contamination,
usually located outside urban centres and without municipal services.
Liability
Civil Liability
A legal obligation that arises under the law of private rights,
referred to as common law, in comparison with the criminal or
administrative law. Civil liability is an action commenced by
a court action.
Regulatory
Liability
A legal obligation laid out by a statute that creates
a regulatory offence. Regulatory offences are usually considered
more minor than criminal offences, since they are only intended
to secure the effective regulation of conduct in the interest
of the community.
Joint
and Several Liability
The doctrine of joint and several liability makes
any joint defendant against whom a judgment is entered in an action
liable to the claimant for the entire judgment, regardless of
the defendant's share of fault. The defendant then has right of
contribution and indemnification against the other defendants.
If the other defendants are insolvent, then, despite being as
little as 1 percent responsible for the damages, the sole remaining
solvent defendant must contribute 100 percent of the award.
Lien
The right to retain the lawful possession of the property
of another until the owner fulfils a legal duty to the person holding
the property, such as the payment of lawful charges for work done
on the property. A mortgage is a common lien. In its widest meaning,
this term includes every case in which real or personal property
is charged with the payment of any debt or duty; every such charge
being denominated a lien on the property. In a more limited sense,
it is defined to be a right of detaining the property of another
until some claim is satisfied.
Limitation period
The time within which regulatory or civil actions
can be commenced. If a limitation period is established in statute,
then actions would be barred once the assigned time expires.
Municipal tax sale
This is the statutory process followed by municipalities
to recover property tax arrears. There is an initial notice period
during which the municipality sends notices to the property owner
initiating the process and requesting payment of a "cancellation
price" within a specified timeframe. If the cancellation price
is not paid, then the property is offered for sale to the highest
bidder. If there are no bidders, the property vests in the municipality.
Quitclaim
A transfer of land or real property without guarantee
of a clear title.
Quitclaim Deed
A deed that transfers the owner's interest to a
buyer but does not guarantee that there are no other claims against
the property.
Remediation
The action taken to cleanup, contain or remove the
risk posed by contamination at a site.
Reopener
An event (e.g. fraud) that would allow claims and/or
orders to be made against a party that has been granted some form
of liability closure.
Risk assessment
The process of identifying and evaluating risks to
human health, human safety and/or the environment from the actual
or potential presence and/or use of specific pollutants.
Site assessment (environmental)
An approach for identifying and assessing potential
environmental concerns in respect of activities conducted at a facility
and/or the potential presence of contamination at a site in accordance
with accepted standards.
Site-specific
risk assessment
A risk assessment that incorporates characteristics
of a site (e.g. physical and chemical characteristics, geology,
soil type and biology) to establish the risk posed by a specific
contaminant or hazard present at a site.
Generic criteria
Numerical values for soil, groundwater and air quality
that are published by a regulatory agency or other body to gauge
whether the presence of a contaminant is above, at or below an
accepted limit.
Tax Increment
Financing (TIF)
A tool used by municipalities to freeze local and
state/provincial taxes to the level before redevelopment. Any tax
increase stemming from the redevelopment can be used to provide
financial incentives for site remediation, new development and rehabilitation
of existing buildings.
Vested
Having the rights of ownership, although enjoyment
of those rights may be delayed until a future date.
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