Premises Damaged by Fire? Don’t Be Left Holding the Bag
An Appellate Review of Insurance and Indemnity Clauses in a Commercial LeaseIn an article from January 2015, we cautioned landlords and tenants to pay particular attention to the interplay of […]
Lisa Borsook Discusses Advancing Women in the Legal Profession
WeirFoulds Executive Partner Lisa Borsook discussed her commitment to advancing women in the legal profession in the May 2016 edition of Lexpert® magazine. In “Advancing Women”, Lisa discussed her commitment […]
Client Update – February 2016
Following on our earlier client updates from May 1, 2013 there have been signs of movement on a tax on all off-street parking spaces on commercial properties in the City […]
WeirFoulds Represents Honeywell in the Acquisition of COM DEV International’s Space Hardware and Systems Business
On Thursday, February 4, 2016, Honeywell (NYSE:HON) completed the previously announced acquisition by plan of arrangement of COM DEV International Ltd. (TSX:CDV), a leading satellite and space components provider of switches and multiplexers.
Vacant Spaces: Challenges in the Economic Climate
In the challenges facing landlords in the current economic and market conditions, the municipal tax treatment of vacant space is not to be forgotten as some relief available for the carrying costs of vacant space. The Municipal Act, 2001 and the City of Toronto Act, 2006 both require vacancy rebates to be provided for eligible commercial and industrial premises.
Four WeirFoulds Partners Named in the 2016 Lexpert®/American Lawyer Guide
We are pleased to announce that four WeirFoulds partners have been ranked in the Lexpert®/American Lawyer Guide to the Leading 500 Lawyers in Canada.
Four WeirFoulds Partners in Lexpert® Special Edition on Litigation
We are pleased to announce that Bryan Finlay, W.A. Derry Millar, Kenneth Prehogan, and J. Gregory Richards have been listed in the Lexpert® Special Edition – Canada’s Leading Litigation Lawyers.
Land Transfer Tax: Assignments, Flips and Options
Determining the amount of Land Transfer Tax (“LTT”) payable on a routine purchase and sale transaction is not a difficult task. On a more complicated transaction or series of transactions, however, the impact of the Land Transfer Tax Act R.S.O. 1990, c.L.6, as amended (the “Act”) and the resultant LTT may have surprising and unfavourable results for a purchaser.
Integrity Provisions and Leases with Federal Governmental Bodies
Overview of the new Integrity Regime On July 3, 2015, the Government of Canada introduced a revamped “Integrity Regime” that applies to all real property transactions (including leases)[1] between private […]
WeirFoulds Well Represented in the 2015 Canadian Legal Lexpert® Directory
WeirFoulds is pleased to announce the recognition of 17 lawyers as “Leading Practitioners” in the 2015 Canadian Legal Lexpert® Directory. Each lawyer was selected based on recognition by their peers and highlights the firm’s expertise across a range of practice areas.
Leasing Lessons from California: Is Your Co-Tenancy Clause Enforceable?
Most Canadians are familiar with many of California’s notable attributes from Hollywood, to Silicon Valley, giant redwoods, the former “Governator”, Napa Valley wines and Alcatraz. However, outside of certain high-profile […]
The (Carbon) Taxman Cometh: The Impact of Carbon Taxes on Landlords and Tenants
The uncertainty surrounding the future of carbon taxing in Ontario extends to the commercial leasing industry. The potential implementation of either a “true” carbon tax or a cap-and-trade system in Ontario will affect landlords and tenants in different ways.
Beware: Insurance, Indemnity, and Terms Not As They Appear
Landlords and tenants should always be thinking about the relationship between an obligation to insure and a lease’s indemnity clause so that the risk, should the “Premises” be damaged, is […]
Quiz: An Obligation to Negotiate a Lease in Good Faith
Effective negotiation is an integral part of coming to terms on all types of agreements. Depending on the negotiating power of the parties, it typically involves some give and take […]
An Unappealing Proposal: An Obligation to Negotiate in Good Faith?
Suppose for a moment that in negotiating a lease, the landlord was required to tell a prospective tenant that it had received no offers in the last six months and […]