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ARTICLE · 18 JULY 2024

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Important Reminders About Commercial Leases And Evaluating Lost Profits

In May, the Court of Appeal of Quebec, in Troll Gestionnaire inc. v. Landry (2024 QCCA 569), commented on the assessment of the loss of future profits in a professional...

CanadaReal Estate and Construction

Introduction

In May, the Court of Appeal of Quebec, in Troll Gestionnaire inc. v. Landry (2024 QCCA 569), commented on the assessment of the loss of future profits in a professional liability suit brought against the officiating notary in the act of sale of a commercial immovable.

It confirmed that the damage did not necessarily crystallize at the time the fault was committed, and that it was preferable for the Court to base itself on facts that could arise during the trial rather than on projections, even those made in an expert accounting report.

Facts

In 2012, Troll Gestionnaire inc. (the "Appellant"), a corporation owned by the pharmacist Gagnon, acquired an immovable (the "Immovable") for the purpose of opening a pharmacy. In order to do so, however, it first had to terminate the leases of the existing tenants. However, shortly before Troll Gestionnaire inc. acquired the Immovable, a five (5)-year lease renewal had been signed with the bar La Drafterie

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