Commercial Lease Review Lawyer

Cost-Effective Solutions for Individual & Small Business Success!

Serving the Greater Toronto Area
and the rest of Ontario

Demet Altunbulakli Law Firm Profile

Commercial Lease Review Lawyer​ in Toronto

Are you looking for a commercial review lawyer in Ontario? Whether you are a landlord, tenant, property management company, or investor, our Commercial Leasing Lawyer is here to protect your interests for your lease transactions. Our Commercial Leasing Lawyers conduct thorough reviews of our clients’ commercial leases to ensure their favorability. We are here to assist you in comprehending the legal jargon and intricate clauses within your lease to ensure you have an understanding before signing any documents. In cases where needed, we can negotiate for revisions of specific terms and help draft agreements if requested.

 

We are conveniently located in midtown Toronto, minutes from the Eglinton-Yonge station. Call us 647-300-8391 or click button above to book a FREE consultation.

Toronto Contract Lawyer
Toronto Commercial Leasing Lawyer

Commercial Lease Transaction Lawyer

You are starting a new business and you require a commercial space to lease? It is highly likely that you will be asked to sign a commercial lease agreement with the landlord for the use of premises to run your business.

A commercial lease agreement is a legally binding contract established between the landlord and a business tenant. While the tenant is given the right to occupy the landlord’s property for a commercial or business purpose for a specific period, the landlord receives monetary payments (“rent”). It also indicates the legal rights and responsibilities of both parties. However, there are other constituent parts of a commercial lease agreement which embody this legal relationship.

It is important to understand the terms and conditions of a commercial lease agreement since this type of agreements might be complex with numerous terms and have significant implications for businesses. Identifying potential legal issues, the outcomes of legal implications and negotiating accordingly might help you avoid any future disputes or confusions.

Commercial lease agreements in Ontario are governed by the Commercial Tenancies Act and required to include key elements such as details on the parties and the subject property, type of lease, lease amount and payment terms, term of the lease, termination, insurance and liability etc.

A lease agreement is not always set in stone. Having a thorough understanding of these terms and conditions is also important to negotiate a commercial lease agreement customized to your business needs. For example, if the commercial lease agreement dictates the permitted use of the premises, it means that you can only engage in those limited types of business activities on the premises and any additional purpose of use might be subject to the Landlord’s written consent and approval. Or if you do not wish any other competitor tenants on the premises, you might want to negotiate your lease agreement accordingly.

Commercial Lease Agreement Review Considerations

Type of Lease and Payment Terms: The monetary compensation is an essential element of this contract. That is why it is highly important to fully understand the rent amount, any additional charges and the payment schedule for your budgeting plans and financial commitments. Understanding when the rent is due, and the possible penalties applied for late payment is also crucial.


Term of Lease and Renewal Options: A commercial lease agreement will outline the term of the lease and renewal options. Reviewing these terms in detail will help you foresee if they match with your business interests and needs.


Maintenance and Repairs/Costs: There are also other items incorporated into a commercial lease agreement such as utilities, insurance and maintenance and operating costs of the building. It is important to understand which responsibility pertains to which party including any potential cost sharing arrangements.


Permitted Use of the Premises: A commercial lease agreement might include a clause that limits the purposes of use for a specific commercial space. You might want to review this clause in detail to understand if it aligns with your business requirements.


Assignment Options and Subletting: If the lease agreement outlines the conditions on assigning the lease or subletting the premises, you should understand the extent of the flexibility granted by the Agreement to sublet or assign the lease.


Exclusivity: Certain commercial lease agreements might include an exclusivity clause which might be a term that addresses to your interests. This sort of terms restricts the landlord from leasing to another tenant for the same business purpose.


Termination: The lease agreement also outlines the terms for termination of lease. This provision might include details about early termination of the lease including any penalties or fees to be paid upon.


Insurance and Liability: The commercial lease agreement also includes terms on insurance requirements to run business operations and the party responsible for obtaining the insurance coverage. Reviewing these terms is important to determine whether or not the insurance requirements match with your business needs and understand who the liability pertains to in certain specific events. (such as damages or accidents)

Leasing Review Services

Our Commercial Leasing Lawyers offer a wide range of specialized services, including:

 

Lease Drafting & Review: Drafting and reviewing comprehensive lease agreements tailored to your unique business needs, ensuring clarity and minimizing potential disputes.

Lease Negotiations: Our Lawyer can negotiators advocate on your behalf to seek favorable lease terms, optimizing your lease agreement for long-term success.

Tenant Representation: Assisting tenants in understanding lease terms, rights, and obligations, empowering them to make informed decisions that protect their interests.

Landlord Representation: Supporting landlords in crafting strong lease agreements that mitigate risks, and establish a productive landlord-tenant relationship.

Lease Renewals & Extensions: Guiding clients through lease renewals and extensions, ensuring a seamless continuation of business operations.

Hiring a leasing lawyer might help you ensure that your commercial lease agreement aligns with your business needs and projections. If you are seeking for legal advice when reviewing your commercial lease agreement, contact us and find out how we can assist.

Toronto Business Lawyer
Lease Contract Review Services
Commercial Lease Transaction Lawyer
Commercial Lease Transaction Lawyer

Why Choose Us?

Expertise: Our Lawyer possess knowledge of commercial leasing laws and regulations, providing reliable guidance for diverse industries and scenarios.

Customized Solutions: We understand that every commercial lease is unique, and our team tailors legal strategies to suit your specific goals and objectives.

Attention to Detail: Our approach ensures that lease agreements are comprehensive, minimizing ambiguity and reducing risk of potential legal challenges.

Client Focused Approach: Client satisfaction is at the forefront of everything we do. We place a high priority on client satisfaction and takes a personalized approach to every case. We take the time to listen to clients, understand their needs, and develop tailored solutions that meet their unique requirements.

Business Lawyer Price List

Startup & Formation

Federal Incorporation
$1,695 + HST
Ontario Incorporation
$1,495 + HST
Professional Corporation
$1,695 + HST

Incorporation Packages Include

  • Simple Share Structure
  • Meeting with Client
  • Corporate Name Searches
  • Business Registry
  • Articles & Certificate of Incorporation
  • Minute Book
  • 3rd Party Fees & Disbursements

Organization

Articles of Amendment (Business Name)
$395 + HST + Disbursements
Articles of Amendment (Share Reorganization)
$895 + HST + Disbursements
Business Name Registration
$300 + HST + Disbursements
Articles of Amalgamation
$1,500 + HST + Disbursements
Shareholders Agreements
$2,250 + HST + Disbursements
Application for Certificate of Authorization
$245 + HST + Disbursements
New Corporation Minute Book Creation
$550 + HST + Disbursements

Operations & Management

Existing Corporation Minute Book Creation
$850 + HST + Disbursements
Annual Resolution
$300 + HST + Disbursements
Basic Partnership Agreement Review
$950 + HST + Disbursements
Basic Partnership Agreement Drafting
$1,500 + HST + Disbursements
Basic Joint Venture Agreement Drafting
$1,500 + HST + Disbursements
Basic Asset Business Purchase or Sale Agreement Review
$950 + HST + Disbursements
Basic Asset Business Purchase or Sale Agreement Transaction
Starting at $3,500 + HST + Disbursements
Basic Independent Contractor Agreement
$850 + HST
Basic Employment Contract Drafting
$850 + HST
Basic Non Disclosure Agreement Drafting
$395 + HST
Basic Service Agreement Drafting
$850 + HST
Basic Cease & Desist Letter Drafting
$395 + HST
Employee Handbook
$1,995 + HST
Website Privacy Policy
$395 + HST
Website Terms & Conditions
$395 + HST

Franchising

Franchise Documentation Review

Review of franchise agreement and disclosure document

$1,500 + HST + Disbursements
Franchise System Establishment (Incubation)

Franchise incubation where we take a client with an 'idea' through to the point where they are prepared to start the formal process of legal documentation.

Starting at $3,000 + HST + Disbursements
Franchise System Establishment (Incubation & Documentation)

Franchise documentation where we provide the incubation and preparation of the Franchise Code Compliant franchise agreement and disclosure document and any other requested documents such as operations manual and development of franchise marketing & recruitment policy. Contact us for a detailed quote for your circumstances.

Starting at $10,000 + HST + Disbursements

Financing

General Security Agreement Registration
$950 + HST + Disbursements
General Security Agreement Drafting
$2,000 - $4,000 + HST + Disbursements

Business Exit

Articles of Dissolution
$1,250 + HST + Disbursements
Basic Share Purchase or Sale Transaction

Starting at $2,150 + HST + Disbursements

*Prices are subject to change depending on the circumstances and the complexity of each matter.

Why Choose Insight Law Professional Corporation

Professional

We take pride in our work and are committed to providing knowledgeable and friendly service to all our clients. Our team is dedicated to ensuring that you have a positive experience and we strive to achieve optimal results in every case we handle.

Client Focused​

Client satisfaction is at the forefront of everything we do. We place a high priority on client satisfaction and takes a personalized approach to every case. We take the time to listen to clients, understand their needs, and develop tailored solutions that meet their unique requirements.

Transparent

We have nothing to hide. Our fixed prices and hourly rates are visible upfront. Most of our add-ons are fixed line items. Because honesty is the best policy, and it saves time on both sides. We offer a free 15-minute consultation to understand your needs and to review our fees.

Flexible

We understand that our clients lead busy lives, and it may not always be possible to for everyone can meet during normal working hours. We can accommodate your schedule and discuss options to suit your needs.

Client Testimonials

Business Law Frequently Asked Questions

A corporation is a legal entity which has its own legal personality that is separate from its owners and people who operate its affairs and business. Corporations are formed of shareholders, directors, and officers. Corporations have the rights and privileges that a natural person enjoys such as entering binding contracts, owning property or borrowing money.

 

Related Blog Post: What is the right structure for my business?

 

Shareholders are those who hold company shares. Voting rights in a corporation are attached to these shares. Shareholders have control over the corporation however they do not directly manage the corporation. They exercise their power of control by making major corporate decisions.

Shareholders elect directors to run the company with their best interest in mind. A director’s role is focused on the day-to-day operation of the business such as signing business contracts.

If you already started searching the answer to this question on the internet, you might have seen information on the 2-step process of incorporating and many online platforms who would incorporate your business for very low fees. However, most of these online companies or platforms usually help you with step 1 of incorporating your business. While the first step only includes Articles of Incorporation and their filing and issuance with the Ministry, step 2 is only done by lawyers. Without step 2, your business is not considered incorporated and risks dissolution. Contact us if you need more info and a Toronto Business Lawyer.

Having a contract in writing gives each party the opportunity to fully understand their rights and obligations under the contract. As a party to the contract, you can also identify any issues or ambiguities in the contract with assistance from a business lawyer. In most cases it provides a mutual understanding and interpretation of the terms of a legally binding relationship.

For an agreement or contract to be legally binding, there are certain essential elements that must be present in all contracts. These are capacity, offer, acceptance, consideration, mutual agreement, and legality.

Even though it is not mandatory, it has many advantages in terms of understanding your rights and obligations outlined in a legally binding contract. Many people use online sources to draft and generate business agreements without fully understanding the terms and conditions. Most of these contracts include generic clauses and boilerplate clauses that might risk your business in massive source of liability if you are not familiar with the legalese. A Toronto Business Lawyer can help you fully understand your rights and obligations under a contract or draft one that suits your business needs.

There are two main ways of buying or selling a business: an asset purchase or a share purchase. The key difference between the two is what is being bought and sold. In an asset purchase, the buyer purchases specific assets or parts of the business, such as inventory, equipment, customer lists, and goodwill. In a share purchase, the buyer purchases the ownership interest in the business.

Before signing loan documentation, many major financial institutions and lenders will typically demand that you seek independent legal advice. The loan will typically necessitate several General Security Agreements (GSA), personal guarantees, and Personal Property and Security Act (PPSA) registrations against your personal or business assets.

Most small business loan lenders require personal guarantee to be signed by the borrower. A personal guarantee is an undertaking by a borrower to repay a business loan using their personal assets if the business defaults. Personal guarantee is also required in certain commercial lease transactions by landlords which means this could imply that the individual's personal assets could be taken over if the business fails to generate sufficient revenue to cover the lease payment.

Website Policy
Business Law

Website Privacy Policies and Terms & Conditions in Ontario

What is a Website Privacy Policy A Website Privacy Policy is a legal statement that outlines how a website collects, uses, maintains, and discloses information
Read More →
Employment Contracts
Business Law

Employment Contracts in Ontario: Guide and Benefits

What is an Employment Contract? An employment contract is a legally binding agreement between an employer and an employee that outlines the terms and conditions
Read More →
Supply and Purchase Agreement
Business Law

Supply and Purchase Agreement: Examples and Benefits

What is a Supply and Purchase Agreement? Supply and Purchase Agreements are contractual documents delineating the terms and conditions under which one party agrees to
Read More →
Service Agreement Contracts
Business Law

Service Agreement Contracts: Legal Perspective with 5 Benefits

Service Agreement Contracts A Service Agreement Contract is a legally binding document that outlines the terms and conditions under which one party, known as the
Read More →

CONTACT US

Fill out this simple form and we will soon be in touch