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Posts tagged Rent relief.
Posted in Real Estate

On May 29, 2020, the B.C. Minister of Public Safety and Solicitor General issued Ministerial Order No. M179 (the “Order”) which has broad sweeping implications for numerous commercial tenancies in the Province. The preamble to the Order outlines one of the purposes of the Order which is that “measures are needed to prevent the eviction of small business tenants” ...

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Posted in Real Estate

Further to our previous blog post, additional information has been provided by the Canada Mortgage and Housing Corporation (CMHC) regarding the Canada Emergency Commercial Rent Assistance Program (CECRA). Details of this information can be viewed here

Recapping our previous post, under the voluntary program, loans will be provided to qualifying commercial ...

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Posted in Real Estate

Further to our previous blog post, Prime Minister Trudeau announced today further details regarding the Canada Emergency Commercial Rent Assistance Program (CECRA). Details of the announcement can be viewed here.  

Under the voluntary program, loans will be provided through Canada Mortgage and Housing Corporation (CMHC) to qualifying commercial landlords to cover 50 ...

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Posted in Real Estate

Given the impact of the COVID-19 pandemic, a large number of businesses are seeking some form of rent relief from their landlords.

When negotiating a rent relief agreement, there is a balance to be struck between providing meaningful relief to a tenant so that its business has a better chance of long term survival, while still allowing the landlord to meet its ongoing ...

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Posted in Real Estate

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 ...

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Posted in Real Estate

On March 27, 2020, the Government of Alberta announced new measures to address residential tenancy issues arising during and as a result of the COVID-19 pandemic. Max Carroll and Jeffrey Hernaez of our Vancouver office wrote yesterday about similar measures put in place in British Columbia.

Pursuant to the Public Health Act (Alberta) and the Minister’s powers under the ...

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Posted in Real Estate

On March 25, 2020, the Government of British Columbia announced a number of relief measures for residential tenants and landlords in response to the COVID-19 pandemic. These measures are summarized in our blog post here.

On March 30, 2020, a Ministerial Order (the “Order”) pursuant to the province’s Emergency Program Act was made by the Minister of Emergency ...

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Posted in Real Estate

As result of the closure of numerous businesses, rising unemployment and the general impact of the COVID-19 pandemic on the economy, it is expected that a number of residential tenants will not be able to pay rent or will request some rent relief from landlords. In order to address this, on March 25, 2020, the Government of British Columbia outlined the following restrictions ...

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Posted in Real Estate

The ongoing global pandemic is currently having an enormous impact on commercial retailers, restaurants, and other commercial tenancies in, among other places, British Columbia and Alberta. We have recently seen a number of tenant defaults (or potential defaults depending on the wording of the relevant lease) which include failing to pay rent and closing down ...

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