Canada Housing and Mortgage Corporation Releases Details on
CECRA Application
Canada Housing and Mortgage Corporation
("CMHC") has announced that the Canada
Emergency Commercial Rent Assistance
("CECRA") application portal opens
today, May 25, 2020, and has released application documents which
will be required to complete an application and access the
CECRA.
The terms of the sample documents are complicated, and vary
significantly from, or add significant additional features to, the
details previously released by the Government of Canada and CMHC
respecting the CECRA. We have provided a summary of these
diversions and additions below, however we highly recommend that
any tenant, landlord or property owner considering participation
seek legal advice respecting the sample documents.