What Many Agents and Buyers Miss Farm real estate is not simply rural residential property with extra acreage. It is land, business, income stream, tax structure, environmental exposure, and long-term …
Commercial Damages for Failure to Complete
In a recent case, Menon v. Simpson, the Court awarded damages and costs of $2,405,693.85 on a $8,385,000.00 residential deal, about 30 months later. That’s equal to about 28.7% of …
Additional Named Insured: Sample Lease Clauses
You will see below are sample “additional named insured” clauses, drafted separately for commercial and residential tenancies. The wording reflects how Courts and insurers actually interpret “additional insured coverage” and …
Waivers of Subrogation: Sample Lease Clauses
Waivers of subrogation are one of the most effective and least controversial—risk-allocation tools available to Landlords and Tenants. Unlike “additional insured” provisions, waivers work by keeping insured losses with the …
Waivers of Subrogation in Ontario Leases
When disputes arise between Landlords and Tenants after a loss, the fight is rarely between the people who signed the lease. It’s between insurers, armed with subrogation rights. Unlike additional …
“Additional Named Insureds” in Ontario Leases
Landlords often ask a deceptively simple question: “Why don’t I just require the tenant to name me as an additional insured on their policy?” In commercial leasing, that question usually …
Municipal Tax Relief for Charities
A new legal standard applies to charities seeking an exemption from municipal property taxation. The Ontario Court of Appeal determined the new provisions in Stamford Kiwanis Non-Profit Homes Inc. v …
Commercial Lease Disputes: Considerations
Commercial lease disputes can arise from disagreements over rent, maintenance obligations, defaults, or differing interpretations of lease terms. Tenants and Landlords should be aware of the following important considerations: 1. …
The Rights of Commercial Tenants
If you’re a business owner leasing commercial space in Ontario, it’s important to understand that your legal rights are significantly different from those of residential tenants. While the Commercial Tenancies …
Types of Commercial Leases: What Business Tenants Need to Know
When searching for the right commercial space for your business, one of the most important considerations is the type of lease being offered. Not all commercial leases are created equal. …