Rent Abatement and Tenant /Landlord Matters

Rent Abatement and Tenant /Landlord Matters 

  New Rental Subsidy for Commercial Landlords   The Government of Canada is announcing its intent to introduce the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June.  Government of Canada April 16, 2020 
  Vancouver Municipalities Permit and Inspection   A compilation of all Municipalities and their status regarding the acceptance of permit applications and scheduling site inspections.  CBRE  April 01, 2020 
Lease Provisions to Explore amid COVID-19 

In the wake of the current challenges, many of you are wondering if and how your financial obligations under your leases might be alleviated, either by the lease language itself or through your insurance policies. The determination of these solutions is further complicated by the rapidly evolving body of pending and proposed legislation, economic relief programs and governmental actions.

 Cushman & Wakefield April 01, 2020 
 Commercial rent delays could turn into abatements if crisis drags on, industry watchers say Owners of commercial real estate in Canada are delaying rent collection and may be forced to consider rent cuts as tenants ranging from restaurants to retail stores deal with prolonged business shutdowns aimed at slowing the spread of the coronavirus pandemic.   Financial Post March 31, 2020 
 COVID-19: Response Options Under a Commercial Lease

 While parties to a commercial lease could adopt a strictly legal posture to their contractual relationship, early evidence suggests that the prudent course of action is to work together by taking a longer view of the leasehold arrangement.

 Clark Wilson LLP March 30, 2020
COVID-19 Update: Rent Payment and Commercial Lease Enforcement During the Pandemic   

The update considers the landlord’s ability to terminate a commercial lease, re-enter and re-let the premises, exercise rent distress rights, and sue for rent, in the context of the COVID-19 pandemic. 

 McCarthy Tetrault  March 27, 2020
COVID-19 Advisory: Commercial Landlord Survival Guide 
  • How does Bill C-13 Emergency Response act (passed March 25, 2020) help landlords?
  • What is considered an “essential workplace”? - Who must close and who is legally entitled to remain open?

Gowling WLG 

March 26, 2020 

 

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