Key Points:

• Background:
  • The case involves financial disputes and accounting issues between the parties.
  • Directions from a previous decision (Lin v. Song, 2023 NSSC 265) included orders for the Respondents to account for and pay certain funds.
• Court Directions and Actions:
  • Payment and Accounting:
    • Song was ordered to pay $11,900 and provide an accounting of outstanding funds.
    • Failure to provide a satisfactory accounting would result in personal repayment by Song.
  • Corporate Dissolution Option:
    • Landlord Corp will be dissolved unless Song buys Lin's 50% share for fair value, assessed by an appraiser.
  • Updated Valuation:
    • Turner Drake assessed the condominium unit at $400,000.
    • The assessment and any costs are paid from funds held in trust.
• Accounting Issues:
  • Respondents submitted an accounting of funds, but with procedural and substantive deficiencies.
  • The court found the Respondents' accounting inadequate, noting missing, incomplete, and unauthenticated documents.
• Financial Determinations:
  • The court adjusted figures to account for mortgage variations and other expenses.
  • Respondents owe $21,454.26, to be held in trust by Applicants' counsel.
• Outstanding Issues:
  • Any unpaid expenses after October 31, 2023, are to be added to the owed amount.
  • Costs will be assessed per the previous decision once the share purchase or company winding-up is completed.

Conclusion:

• The Respondents must pay $21,454.26 immediately.
• Future adjustments depend on unpaid expenses and accrued interest. Costs will be determined as per the earlier ruling.