Real Estate

> Residential & Commercial Leases

Residential and commercial leases are legally binding agreements where possession and ownership are bifurcated. The owner of a piece of real estate or real property agrees to allow another person or entity to possess and use the space for a specified period of time. Leases are drafted for both commercial and residential property and different issues apply depending on the type of lease you are entering into. PLZ Law has experience representing both landlords and tenants in commercial and residential leasing agreements. We can help you to make sure your lease agreement protects your interests and assist you in negotiating the best possible agreement available under Ontario law.

When you enter into a residential or commercial lease, key issues to negotiate include the length of the lease, the rent to be paid and the division of responsibility for paying the cost of utilities and/or for repairs to the property. In commercial leases, other issues arise such as restrictions on leasing to competitors and requirements for lease renewals, especially if the leasee is to invest funds in preparing the office space. We will assist you in negotiating the terms of the lease and help to make sure both that the deal is successfully completed and that the terms are as advantageous to you as possible.