Terminating Tenancy: Three lease-break clauses that allow for redevelopment 

news & knowledge 

June 4, 2015

David Ross, Commercial Real Estate Partner and Co-Chair Commercial Leasing Group, was published in the May 2015 issue of Canadian Property Management: GTA & Beyond Magazine.

In his article titled "Terminating Tenancy: Three lease-break clauses that allow for redevelopment", David discusses the options a building owner has when considering redevelopment of an income producing property. If a landlord is looking to redevelop during a tenant's lease term, the lease should ideally include one or more specific provisions that allow the landlord to either terminate the term or relocate the tenant to other premises. If a landlords can foresee that it will be redeveloping during a tenant's lease term and can include in the leases the appropriate provisions, costly negotiations with their tenants that can hold up the redevelopment can be avoided.

To read the full article, click here.