ARTICLE · 05 MARCH 2013

Due Diligence And Commercial Leases

Lavery

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Generally speaking, the acquisition of rental property requires a due diligence process that is usually focused on building and property conditions, property titles and lease analysis.

CanadaReal Estate and Construction

Chantal Joubert

Generally speaking, the acquisition of rental property requires a due diligence process that is usually focused on building and property conditions, property titles and lease analysis. During this phase, the purchaser will primarily be concerned about a possible right of first refusal to acquire property that could have been granted to a lessee or about a right of rescission that could enable a lessee to cancel a lease in particular circumstances or the lessee's and lessor's obligation to repair. What are the lessee's obligations and what can a lessor include in his operating expenses? The answer to this question will depend on building conditions and the purchaser's real estate projects. (available in French only)

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