Whether you are a landlord seeking to secure a predictable income stream or a tenant wishing to achieve secure occupancy with maximum flexibility to meet the changing needs of your business, you need a solid lease to protect your long-term interests.
McCarthy Tétrault practitioners excel in drafting and negotiating leases and all lease-related contracts. We provide our landlord and tenant clients with far more than a single product. You benefit from the full-service, ongoing relationship critical to any long-term lease arrangement, from the initial negotiation of the lease through to the resolution of disputes, the enforcement of rights and remedies, the proper handling of assignments, subleases and other dispositions, and the termination of the lease relationship.
Landlords – We tailor leases for entities that own or manage industrial, commercial, retail and mixed-use space (both multi-tenant and single tenant), as well as unique properties such as airports, sporting arenas, ferry terminals and convention centres. With our experience and pragmatism behind you, we ensure that, when appropriate, your lease contains:
- guarantees, indemnities and provisions regarding security deposits, security interests and letters of credit to protect you in the event of damage or loss, or against tenants who are not credit worthy;
- provisions to protect you from environmental liability and repair and maintenance disputes; and
- appropriate provisions to clarify how tenants may use your property, such as exclusivity, signage, access and parking provisions.
Tenants – We act for national retailers, major office tenants, government entities, consulates, hotel and restaurant chains and other concerns that require office, commercial, retail or industrial space. We scrutinize the terms of your lease to provide you with both the security and flexibility that suits your needs and matches your expectations. We help protect you from unreasonable landlord demands and ensure that you know exactly what your obligations are under your lease from the outset.