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Click here to view the PDF version of these materials. Careful consideration is owed to how a tenant’s removal and restoration obligations are expressed under a lease. The sco...
The federal government announced (on October 9, 2020) a new rent relief program for businesses that continue to be affected by the COVID-19 pandemic. The long-awaited program is called the Canada Emergency Rent Subsidy (CERS). The announcement came slightly more than a week after the Canada Emergency Commercial Rent Assistance (CECRA) relief period ended (on September 30, 2020).
This announcement was a great relief to commercial tenants (and their landlords) who had been anxious about the end of CECRA without further or other assistance to pandemic-impacted commercial tenants.
This News ReLease will outline what is known about the CERS so far. A word of caution: Not much is known yet.
Read the full article here: The Canada Emergency Rent Subsidy
In a prior News ReLease (Are Exclusive Covenants About to Become Extinct?, from November 29, 2023), we discussed the Competition Bureau’s Ret...
The insolvency of the Hudson’s Bay Company (“HBC”), Canada’s oldest corporation and iconic department store, is the most re...
In our February 8, 2024, News ReLease, we reported on The Canada Life Assurance Company et al. v Aphria Inc. (“Aphria”). In that case, the tenant wanted out of its lease and purported to “repudiate”, in an attempt to force the landlord to take the (office) space to market. The landlord took the position that it had no obligation to accept the tenant’s repudiation or look for a replacement tenant, and that the tenant was required to pay rent over the balance of the term.
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