A triple-net lease (often called an NNN lease) is a commercial lease where the tenant pays base rent plus all of the property’s operating expenses. In practice, this means the tenant (lessee) is responsible for property taxes, insurance, and maintenance costs in addition to rent. The “NNN” name comes from these three categories of expenses. […]
A Guide To NNN (Triple-Net) Leases Read More »
Commercial property management agreement is a formal agreement between the owner of a building and the company that is hired to manage the building. In simpler terms, it is an agreement that outlines who does what, such as who collects the rent, who is responsible for repairs and maintenance, and how issues with the tenants
Understanding Commercial Property Management Agreements In Ontario Read More »
A commercial real estate purchase agreement (often called an Agreement of Purchase and Sale, or APS) is a legally enforceable contract between a buyer and a seller outlining the terms of a sale of commercial property. In Ontario, this written contract sets out all the key details – price, timing, conditions and obligations – that
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The commercial lease sitting on your desk is not just a piece of paper; it can take your business to the next chapter. A single missing clause or a poorly drafted clause can cost you thousands. In these situations, when a dispute arises, even the court will not be able to save you from the
Drafting Commercial Lease Agreements: What Ontario Business Owners Need to Know Read More »
When you’re eyeing a major commercial development but lack the full capital stack, or when you’ve got the land but need operational expertise, a joint venture in commercial real estate might be your best move. These partnerships drive some of Ontario’s most ambitious projects, from mixed-use towers in Toronto to industrial parks in the 905,
