As commercial tenants are now faced with the possibility of shutting down their doors, it is only a matter of time before they approach Landlords about negotiating rent and other financial conditions in their lease.
When a business suddenly closes, even temporarily, and the tenant cannot produce rent, landlords may begin to have difficulty paying their mortgage and other expenses. There is no win-win in this scenario.
Here are some viable alternatives to alleviate this issue:
Rent Reduction. The landlord can reduce the cost of the tenant's rent for a portion or all of the term left on the lease. The standard forms of rent reduction are to reduce the b...
Many people have at one time or another wondered if real estate is the right investment for them when trying to grow their own personal wealth and assets. So, is real estate a good investment in today’s market? And if so, how can our law firm help you with your investments?
As with any potential investment, doing thorough research and examining all your options is always very important. You need to properly understand the risks involved and avoid working with lenders and companies that use questionable practices. Investing in real estate won’t be for everyone.
If you are fortunate to have some money you can spare, buying property will be the most direct...
Many assume that real estate is a safe avenue for investing their capital, but is this always the case?
Generally, when looking to invest some of your hard-earned savings, real estate is certainly considered to be a great investment opportunity. Not only can you expect organic appreciation in value over time but renting out your property will also provide ongoing passive income. Some investors may chose to renovate their property with the intention of placing it back on the market at a premium, known as flipping. With many directions to take with the purchase of a property, the ownership of real estate is a proven way to build wealth....
In 2019 there will be a few technological movements that will shape the trends of Canadian real estate moving forward.
Today many people live and work from increasingly more remote locations. How will the real estate market adapt? New technology being adopted such as VR, AI and Autonomous vehicles will also have an effect.
Economic uncertainty has pushed many industries to address affordability including real estate and construction sectors. Lastly an increasingly environmentally conscious property owner along with higher standards help create sustainable trends when it comes to energy consumption and in new real estate developments.
The West Island is well known for its single-family home neighbourhoods however, with the impending expansion of the Réseau Express Métropolitain (REM) stations along Highway 40, the time has come to compromise and accept that some central transit-oriented development projects are coming.
In the fall of 2016 Mayor Georges Bourelle from Beaconsfield was interviewed by the West Island Gazette where he summed up there would be backlash to any potential high-density development around future REM stations.
“When your neighbourhood is about single-family dwellings, people get alarmed with the concept of densification,” he said.
For years now, real estate prices in cities like Toronto and Vancouver have been labelled expensive as they continue to rapidly rise in value each year, however, for the second straight quarter, the price of residential real estate in Montreal has risen at a faster rate than in Toronto and Vancouver.
This increase is based on statistics generated by Royal LePage House Price Survey analysing the fourth quarter of 2018. The analysis was determined by taking the total cost of purchasing a home based on the average value of bungalows, two-storey houses and condo. Based on this information, there was an increase of 4.1% during the last 3 months of 2018 when...
Quite often, when discussing potential litigation involving non-payment of rent, a common concern we hear from commercial landlords is the time constraints and how tenants take advantage of the court system by attempting to stay in the premises for months, if not years during the lawsuit phase while attempting to not pay any rent until a final court order. This is a process that can take years and much to the detriment of the landlord who wants to cut the dead weight and find a better quality tenant for their building.
At our law firm, we can get your case in front of a judge within 15-20 days from the moment they are served and not a moment too late!...
With the use of recreational marijuana set to become legal Canada wide on October 17th 2018 and thereby allowing those aged 19+ to grow up to four pot plants in their homes and possess up to 30 grams of marijuana, its know wonder that landlords are looking to see how that affects the quality of tenant as well as their rights to the peaceful enjoyment of the premises.
While Quebec’s new cannabis act is considered among the strictest in the country. It gives landlords the right to change signed leases to ban tenants from smoking marijuana. Once marijuana becomes legal, landlords will have 90 days to make the change — and it will not apply to medical canna...