Landlord
Purchase and Sale of AIRbnb Properties Part 2
In Part 1 of our series on the purchase and sale of AIRbnb rental properties, we discussed different forms of taxation that may apply when buying or selling a short-term rental property. In Part 2, we will look at city...
Purchase and Sale of AIRbnb Properties Part 1
AIRbnb is a popular online marketplace for short-term rentals, homestays and vacation rentals primarily for tourism and short-term work/assignment purposes. The service is provided by a platform that is globally accessible on the Internet and via Mobile App. AIRbnb does...
Evicting a Commercial Tenant in Ontario
UPDATE - APRIL 27, 2021 In December 2020, Bill 229, Protect, Support and Recover from COVID-19 Act, 2020 came into effect, which amends the Commercial Tenancies Act (CTA) to reinstate a temporary ban on evictions in Ontario for certain eligible...
Commercial Tenancies, Letters of Credit and Bankruptcy
One method used by commercial landlords to secure against losses from commercial tenancies is to require tenants to post letters of credit (“LCs”), that the landlord can draw upon in defined circumstances. Though certainly useful, in Ontario there has been...
Read MoreOttawa Landlords and the Mandatory Mask By-Law
If you are a landlord in Ottawa, you may be wondering how the newly announced mandatory mask by-law impacts you, your tenants and your property. Keep reading below for a quick overview on what this means for you and your...
What Happens When a Landlord Defaults on their Mortgage?
When a mortgage goes into default, a mortgagee (the lender), has various options available to recover the debt owed to it. When this situation arises in the context of a mortgaged property that is subject to one or more tenancy...
Airbnb and Landlords in Ontario
With the growing popularity of Airbnb in Ontario, many landlords have made the decision that they would rather use their units as Airbnb rentals rather than trying to find long term tenants. Since traditional tenant agreements are no longer the...
Incorporating a real estate rental business
Landlords with multiple rental properties often wonder about the smartest ways to set up their business. Ontario real estate owners may consider incorporating their rental properties into a holding company. Before doing so, however, they should consider the advantages and disadvantages...
Commercial Tenancies – Assignments and Subleasing
In commercial tenancies, a tenant may sometimes have space that they can no longer afford or need. Faced with paying for the excess space, a tenant may either request that the landlord terminate the lease (either in whole or only...
