Who’s liable for damages under a commercial lease?
There are many reasons why a commercial tenant needs to carefully review the provisions of their lease. One reason is captured in the following question: When significant costs arise from unanticipated events, who get stuck with the bill? Most leases contain insurance provisions, requiring either the landlord or the tenant (or both), to secure insurance coverage- often specifying both the type of insurance and […]
Company directors can be liable for wages & benefits
What happens to employees when a company goes bankrupt? Usually, a receiver is appointed, assets are frozen, and employees might end up getting a small percentage of what they’re owed for wages because secured creditors are always first in line to be paid out of the company’s assets. But there’s a section in the Ontario […]
News about me
This week, I’ve begun serving on the Board of Directors for the Women’s Business Network. It’s such a tremendous organization and I can’t say enough about all the great women I’ve met through the network in a relatively short period of time. I know I will learn a lot and am really looking forward to it. Anyone who […]
Real estate investing seminar
If you’re interested in learning more about real estate investing, or how to avoid some of the legal traps in owing rental properties, plan on attending the seminar held by Marnie Bennett next Wednesday, September 17th, starting at 7 p.m. at Keller Williams, 610 Bronson Street in Ottawa. You can register online here.
Things to look out for in commercial leases
I came across an article on the Bar-Ex website written by lawyer William Poulos, talking about a common commercial leasing issue as it applies to a recent case. When does specific language in a lease override general language, or ‘boilerplate’? Commercial leases are often referred to as “carefree net leases”, meaning that tenants pay for all the […]
