March 30, 2020

Here are a few tips we put together for you, so that you can stay aware of your options to best navigate your business during this time.

  • Review your lease again to see if your rent is simply base rent or it includes pass-through expenses. How much are these expenses and are they set to increase?

  • When does your lease end? What renewal options are available?

  • What constitutes a default of the lease? What tools are available to the landlord in such a case (penalties, eviction, interest, etc.)?

  • Is there a “force majeure” clause? What happens if there isn’t?

  • Does your landlord hold a security deposit? If so, how much is it?

  • Review...

March 26, 2020

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...

Please reload

Click the button below to get in touch and find out how we can help.

  • Black Facebook Icon

1255 Robert Bourassa, Suite 401,Montreal, Quebec, H3B 3B6 |  Tel: 514 - 882 - 2920