Commercial Lease vs Commercial Tenancy Agreement (CTA)
We often have landlord clients ask us if it is ok to enter into an REIQ Commercial Tenancy Agreement (CTA) as opposed to a full commercial lease which has been professionally drafted by a lawyer. We advise landlords against entering into a CTA as we are of the view that it offers limited protection compared to a […]
Do I Need to Register My Lease?
When dealing with commercial leases, we are often asked whether or not the lease needs to be registered on the title of the property at Titles Office. The Land Titles Act allows any lease to be registered, provided it meets the formal requirements of the Act and associated Regulations. The question is – why register? […]
Leases Exceeding 10 Years
When leasing commercial property, it is important to keep in mind that where part of a parcel of land is leased for a period of more than 10 years (including all the options), there is a legislative requirement that approval be obtained from the local Council. This is because the lease of part of land […]
