The OP is severely lacking in detail. Is the real estate company you work for a property management company managing a condo property or managing a lease? Are we talking about a 'fine' as in a fine for breach of condo by-laws, or some penalty for a breach of a residential tenancy agreement? Different answer depending on the details. If it's a breach of condo by-laws, both the fine and the solicitor-client costs may be enforceable, but not sure why they would have dropped the fine in that case. I suspect it is a breach of condo bylaws, otherwise the caveat makes little sense, as it doesn't really make sense to caveat a residential tenant's interest in a property.
If the company is simply managing a lease, the caveat really doesn't make sense, the fine is 'probably' unenforceable as a penalty clause, and whether the LL is entitled to solicitor client costs is dictated by the lease, but not always enforced by the courts even if it is in there.
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