201508.24

A Tenant’s Guide to Commercial Leasing

In the context of operating a business, leasing costs will often represent one of the biggest expenses, next to wages. Importantly, too, the lease will often be critical to the viability of a business, particularly in a retail context. As such, before you enter into a lease, it’s important to appreciate that rent is only…

201501.14

Assigning a Retail Lease

I was recently involved in a small business transaction where a landlord’s managing agent sought to impose a 4.4% “Transfer fee” on a tenant in connection with the assignment of a retail lease.  The “Transfer fee” was calculated as a percentage of the annual rent inclusive of GST, and amounted to approximately $7,000. In this particular…