April 17, 2020 - Jennifer Williams
UPDATE: On April 16th the Federal Government announced tentative rent relief for small and medium-sized businesses. More details to follow.
You get the dreaded call. Your tenant can’t pay rent. Or you’re a commercial tenant forced to close shop and your landlord calls looking for this month’s cheque. What do you do?
Landlords and tenants alike are facing these all-too-common scenarios amidst the Covid-19 pandemic. While the Government has provided limited assistance to residential landlords, these protections do not extend to commercial tenancies which remain, at their core, a strictly contractual relationship.
Commercial Lease Basics
The commercial lease governs the…