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Pardon Partners – Landlord TOP Banner ALLPardon Partners – Landlord TOP Banner ALL

Empire LLD/TNT Top ONEmpire LLD/TNT Top ON

What law applies to commercial tenancies?

Region: Ontario Answer # 447

Unlike residential tenancies, the law governing commercial leases generally treats landlords and tenants as equals, without giving tenants any additional protective rights. Although there are guidelines in place under the Commercial Tenancies Act, commercial landlords and tenants normally enter into a formal written agreement.

Generally, most commercial landlords and tenants enter into a formal written agreement, which follows a standard format, and includes basic issues, such as:

If a landlord or tenant breaches the lease, they can be sued, and one remedy for a landlord when a tenant breaches a lease is for the landlord to have the tenant’s property confiscated and sold. The sale proceeds are then applied against the outstanding amounts owed to the landlord under the lease.

Before entering into a commercial lease, the parties usually consult their respective lawyers for many reasons, including:

  • commercial leases are generally complex
  • the costs associated with a lease are often a significant part of a business’s operating budget
  • leases often require the tenant to give personal guarantees
  • in many cases, the location of a business can be vital to its success.

For more information, refer to other sections of Legal Line or consult a business lawyer.

For additional information on commercial tenancies, visit the Ministry of Municipal Affairs and Housing at mah.gov.on.ca.

A criminal record will affect your ability to be approved for a commercial lease. To erase your criminal record, call toll-free 1-888-808-3628 or learn more at Pardon Partners. It’s easier than you think.

If you are having financial problems, it may be difficult to rent an apartment or condominium. You can get help to clear your debt and repair your credit. For easy-to-understand debt solutions on your terms, contact our preferred experts 4Pillars and rebuild your financial future. With 60 locations across Canada, they will help you design a debt repayment plan and guide you with compassionate advice. No judgment. For help, visit 4Pillars or call toll-free 1-844-888-0442 .

For advice about commercial tenancies, you should consult a lawyer.

For legal advice and assistance with residential tenancies, contact our preferred Landlord and Tenant experts:

Caryma Sa'd, Lawyer & Notary Public

Nicola (Nick) Giannantonio Legal Sevices


NG Legal Services Landlord and Tenant ONNG Legal Services Landlord and Tenant ON

Empire LLD/TNT Bottom ONEmpire LLD/TNT Bottom ON

4Pillars Landlord & Tenant Ontario All Topics May 20184Pillars Landlord & Tenant Ontario All Topics May 2018

Pardon Partners – Landlord ONPardon Partners – Landlord ON






								

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