Alberta is now in its fifth year of a depressed economy, and the
misery has recently been significantly worsened by the double blows
of a severe drop in oil prices and a pandemic. Many Alberta
businesses and non-profit organizations are suffering, and we
expect a major surge in lease defaults and tenant requests for rent
relief in the coming months.
As a landlord of commercial premises (or landlord advisor such
as a commercial property manager or commercial property broker),
you must carefully navigate the tricky waters of lease default,
enforcement, insolvency and bankruptcy, while attempting to
reconcile the goal of full lease compliance with the harsh business
realities now facing many commercial premises tenants.
