When your prospective tenant has found the perfect location to launch their business, it's crucial to put everything in writing to protect everyone's interests. Our team at Astre Legal is here to ensure that your commercial lease is drafted and revised according to the terms agreed upon by both parties and in compliance with the law.
With our expertise in commercial leasing, we make sure that your legal rights and interests are well-protected throughout the entire process. Our meticulous approach ensures that every detail is carefully considered, providing you with peace of mind and confidence in the legal documentation for your business.
Don't leave your commercial lease to chance. Contact our business law firm today to learn more about our comprehensive commercial lease services and how we can assist you in safeguarding your business with professional and sophisticated legal expertise.
The key elements of a commercial lease
When it comes to renting a space, there are several crucial elements that should be clearly indicated in a lease agreement to ensure a smooth and transparent leasing process.
One of the key elements is the financial aspect. Your lease should explicitly specify the amount of rent, the frequency of payments, and any additional costs that you are responsible for paying, such as taxes and utilities. We understand the importance of financial clarity and strive to provide you with all the necessary details upfront to avoid any surprises later on.
Space considerations are also of paramount importance. Your lease should outline the specific premises being leased, including any additional areas that are included in the lease. For instance, does the lease include parking spots, or who is responsible for snow removal? Are there any common spaces in the building that are part of the lease? We believe in providing you with a comprehensive and detailed lease agreement that leaves no room for ambiguity.
The term of the lease is another critical factor. It should clearly state the length of time for which you are renting the space and whether or not you have the option to renew the lease. We believe in transparent communication and ensure that the term of the lease is clearly stated to avoid any confusion or misunderstandings in the future.
Dispute resolution is an important consideration in any lease agreement. Our lease agreement clearly specifies what happens in case either party defaults on an obligation or if a dispute arises. By addressing potential disputes in advance, we aim to prevent any disagreements and ensure a smooth and mutually beneficial leasing experience.
We strive to provide you with a lease agreement that is clear, comprehensive, and meets your needs. Trust us to provide you with a leasing experience that is transparent, efficient, and free of any ambiguities.
What is a corporation?A corporation is a legal entity that can enter into contracts, incur debt, and even own property. Every corporation is comprised of shareholders, directors and officers. When forming a corporation, owners transfer money, property or assets into the corporation in exchange for shares. These owners then become shareholders of the corporation and they can buy or sell their shares without affecting the existence of the corporation.
What's a minute book?Each corporation is legally required to keep, maintain and regularly update their corporate minute book. This book is the legal history of the corproation starting from its incorporation. Each decision is recorded into the minute book which allows potential investors, the CRA and interested people (for example, a potential buyer) to assess the history of the corporation. If you need to create, re-create, or update your minute book visit our minute book page. In a minute book, you will generally find: Certificate of Incorporation Articles of Incorporation Resolutions Share Certificates Share Registry Shareholder's Register Director's Register Officer's Register
What are Shareholders, Directors, and Officers?"Enter your answer here
Can one person incorporate a company?Yes, one person can incorporate a company by themselves. This person will play the role of the shareholder, director and officer.
How long does a corporation exist?A corporation can exist forever since it is a separate legal entity. It is independent from its shareholders, directors and officers. It's existence can be ended by dissolution (voluntary or involuntary).
Do I need a lawyer to incorporate?The incorporation process requires many legal documents which are best prepared by a lawyer. You should always consult with one before incorporating to ensure you have the right and accurate documents.
What's the difference between a named and a numbered corporation?A corporation can be incorporated using a name or let the appropriate authority provide it with a number to identify the corporation. If dealing with the public, numbered corporations will also declare a business name that they will use for their business purposes.