Tag: Landlord

Vacant Unit Tax

On May 11, 2022, The City of Ottawa (the "City") instituted a new By-Law related to vacant residential properties. The By-Law includes three key components that every residential homeowner should be aware of: The City has made the determination that, moving forward, a homeowner should...

By Noah Potechin of Merovitz Potechin LLP on Monday August 15, 2022.

Is an Offer to Lease a Binding Agreement?

Is an Offer to Lease the same as a Lease Agreement? Often, we receive questions from commercial clients asking if they can walk away from a lease when a formal lease agreement has yet to be signed. On the other...

By of Merovitz Potechin LLP on Monday July 25, 2022.

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...

By Michael Brown of Merovitz Potechin LLP on Wednesday June 2, 2021.

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...

By Michael Brown of Merovitz Potechin LLP on Tuesday May 25, 2021.

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...

By Merovitz Potechin on Tuesday April 27, 2021.

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...

By Eric Lay of Merovitz Potechin LLP on Thursday January 21, 2021.