Direct agreements or tripartite agreements are often an important feature of financings involving ground leases or single tenants, as well as in project finance. … Continue Reading
Landlords are often faced with requests from prospective tenants for a broad use clause or “exclusive” use protection in their leases. With an increasing number of tenants that offer similar merchandise or services, landlords must be alert to the dangers of promising tenants too general of a use clause that could conflict with the exclusive use of current tenants or impede on their ability to attract future tenants.
What is the test to meet in Ontario when only a portion of a commercial building is vacant? Does the space have to be separated by walls? Does it have to be empty? Not necessarily on both counts. It all depends on the facts and, a word of advice, take photos to document the vacant state.
Vacant unit rebate applications for the 2013 tax year are due February 28, 2014. The vacant unit rebate program is found under Section 364 of the Municipal Act, 2001, S.O. 2001, c.25 and Section 331 of the City of Toronto Act, … Continue Reading