Walsh & Associates Offers Commercial Lease Agreement Services in Toronto and Across the GTA
Reviewing Agreements
Purchasing a commercial property with a business or multiple businesses, such as a plaza, will often entail the review, assumption and in some cases, the renegotiation of an existing commercial lease agreement.
Purchaser’s Concerns
As the purchaser, you will want to know even before firming up the agreement of purchase and sale that you understand the lease you are assuming, including, the rent breakdown, the division of responsibility for maintenance of the property, consent for alterations, demolition rights, assignment and subletting clauses and the availability of security deposits or letters of credit, amongst other considerations.
Seller’s Concerns
As the seller or vendor in a commercial transaction, you will be concerned with distancing yourself as much as possible from any environmental, contractual and/or tax liability issues or unsuspecting issues that may arise after the closing of the transaction.
We Can Help
Whether you are purchasing with or without tenants, selling, or entering a commercial lease for your business operations, our team of lawyers is experienced in reviewing, drafting and negotiating your commercial lease and advising you on your rights and risks.
