Commercial Lease Considerations in Light of the COVID-19 Pandemic

DON GOYAN | April 16, 2020

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It has already been approximately one month since the COVID-19 pandemic thrust the commercial real estate industry in Canada into chaos. Landlords and tenants alike continue to face a litany of issues not previously seen in modern times. Many tenants are fighting for their continued survival, with some jurisdictions in Canada reporting that as many as half of the businesses closed will not re-open once this crisis is over. Landlords are grappling with how to keep their projects viable with so many vacancies looming and cash flow becoming increasingly restricted. How the industry addresses and emerges from the recent events will determine not only the immediate future, but also the long-term evolution of our industry.So how do commercial landlords and tenants proceed in these uncertain times? Below are some key considerations for both landlords and tenants alike.

Spotlight

CoreNet Global

CoreNet Global is the premier association for corporate real estate professionals, and the only one capable of convening the entire industry. We have nearly 7,000 members around the world; this is where your colleagues, partners, competitors and future employers come together to share ideas, do business, learn and socialize.The mission of the Southern California chapter is to connect groups of professionals, end users and service providers in order to advance knowledge, promote personal excellence and add value to each individual and their respective enterprises. Our chapter accomplishes our mission through facilitating and sponsoring a variety of diversified programs that provide members educational and networking opportunities.

OTHER ARTICLES

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Spotlight

CoreNet Global

CoreNet Global is the premier association for corporate real estate professionals, and the only one capable of convening the entire industry. We have nearly 7,000 members around the world; this is where your colleagues, partners, competitors and future employers come together to share ideas, do business, learn and socialize.The mission of the Southern California chapter is to connect groups of professionals, end users and service providers in order to advance knowledge, promote personal excellence and add value to each individual and their respective enterprises. Our chapter accomplishes our mission through facilitating and sponsoring a variety of diversified programs that provide members educational and networking opportunities.

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