Prime Minister Trudeau announced today that the Canadian government is working with the provinces and territories to develop a national program to provide support to help small businesses with their rent for the months of April, May and June. Mr. Trudeau and his provincial and territorial counterparts will hold a telephone meeting on Thursday evening to further discuss the program. Finance Minister Morneau also said today that the government would be offering loans, including forgivable loans, to commercial landlords who offer rent reductions to businesses. We look forward to providing more details on the Canada Emergency Commercial Rent Assistance Program when more information becomes available. In the meantime, commercial landlords and tenants should be mindful of these potential government benefits in any ongoing lease related discussions.
Peter is the Leader of Lawson Lundell's Real Estate Group. His clients include pension funds, asset managers, developers and other private entities to whom he provides advice on a variety of real estate and corporate structuring ...
Andrew is an associate in the Real Estate Group. His practice focuses primarily on commercial leasing transactions. Andrew works with landlords, tenants and developers to draft and negotiate commercial leases and all related ...
Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups.
Legal Disclaimer: The information made available on this webpage is for information purposes only. It does not constitute legal advice, and should not be relied on as such. Please contact our firm if you need legal advice or have questions about the content of this webpage.