Commercial Leases: Strict Compliance With Contract Terms Is Required

Commercial Leases: Strict Compliance With Contract Terms Is Required

In commercial leases, uneven compliance with rental payment terms and lease renewal obligations are sometimes waived by the parties when negotiating a new lease. However, a Canadian Supreme Court recently clarified renewal rights in the context of commercial leases, finding that a tenant fails to strictly follow lease terms and obligations at its own peril.

Ally Law Lease

Ally Law member firms are experienced in commercial real estate transactions and leases, and can advise on all aspects to be considered in structuring your real estate deal and enforcing its key components to assure your business’s smooth operation. For more information about our services in this area, contact us at yourally@ally-law.com.

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By Kornfeld LLP.

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