text: **Environmental Risk**
  As an owner of real estate, Killam is subject to federal, provincial and municipal environmental regulations. These regulations may require the 
  Company to fund the costs of removal and remediation of certain hazardous substances on its properties or releases from its properties. The 
  failure to remediate such properties, if any, could adversely affect the Company’s ability to borrow using the property as collateral or to sell 
  the real estate. Killam is not aware of any material non‑compliance with environmental laws at any of its properties. The Company has made, 
  and will continue to make, the necessary capital expenditures to comply with environmental laws and regulations. Environmental laws and 
  regulations can change rapidly, and the Company may be subject to more stringent environmental laws and regulations in the future. The 
  Company mitigates its risk of losses associated with oil tank leaks by enforcing the requirement for appropriate insurance, performing regular oil 
  tank inspections, and enforcing the removal of oil tanks when homes are sold. 
  
  **General Uninsured Losses**
  Killam carries comprehensive general liability, fire, flood, extended coverage and rental loss insurance with policy specifications, limits and 
  deductibles customarily carried for similar companies. There are, however, certain types of risks (generally of a catastrophic nature) that are 
  either uninsurable or would not be economically insurable. 