“Voluntary waste” is an act of misfeasance committed by someone in possession of land causing injury to the reversion, or remainder. Voluntary waste does not fit well with the interest of a mortgagee which, since the Torrens system, is only a charge.
CIBC Mortgages Inc. v. Fasami |
2015 CarswellAlta 784 (Alta. Q.B.) at para. 6 |