A commercial lease is more than just a rental agreement. It’s a legally binding contract that defines the entire relationship between a Landlord and a business Tenant. Unlike residential leases, …
Key Factors to Consider Before Signing a Commercial Lease
Leasing a commercial space is a major decision for any business. Whether you’re launching a new venture or relocating an established one, it’s important to approach the lease with a …
Definition of “Commercial” Rent
What Counts as “Rent”? Ontario Court Decision Affects Commercial Lease Enforcement A recent ruling from the Ontario Court of Appeal is sending a clear message to landlords and tenants: just …
Indemnification Clause: Commercial Lease
An Indemnification clause may be contained in a standard commercial Lease. It might appear as follows: “Section X – Third-Party Indemnity In consideration of the Landlord entering into this Lease …
Selling a Restaurant: Ensure the Seller has a Lawyer
I’m the listing agent for a restaurant business sale. The Seller secured the lease and fully renovated the unit using his personal savings without any mortgage financing several decades ago. …
Small Apartment Complexes
A number of clients will ask about small multi-unit apartments. Are they good investments? Do they make sense? What’s the cash flow? How do you manage tenants? And, more importantly, …
Terminating a Commercial Lease
In most situations the arrangements with respect to the termination of a commercial lease are contained in the Lease itself. However, there are many circumstances where no actual Lease is …
Mortgagees Must Take Possession “Peacefully”
The Ontario Court of Appeal reviewed the rules that apply to mortgagees who take possession of properties when their mortgage is in default in Zapfe Holdings Inc. v. 1923159 Ontario …
Should You Throw Out Old Insurance Policies?
In 2007, it was discovered that it was raining marble at the single best location for real estate in Canada, the intersection of King and Bay Streets in Toronto. Once …
Removal and Restoration Clause
This particular clause in a lease can be quite problematic. Ordinarily, you’d think that the Landlord would want to keep all those valuable improvements that were made by the Tenant. …