CONTRACT SMARTER  

Services  >  Legal Services

DO YOUR LEASES PROTECT
YOUR INTERESTS?

Our team of experienced real estate lawyers will...

ACTIVITIES INCLUDE

  • Lease documents (leases, offers, renewals)

  • Acquisition & disposition documents (purchase and sale agreements, subleases, termination agreements)

  • Lease amendment and modification documents

  • Preparation and circulation of lease renewal option notice letters

  • Review, modification and circulation of Estoppel Agreements

  • Preparation of lease summaries and abstracts

  • Lease due diligence (review of leases to be assumed through an acquisition)

  • Lease review, interpretation and recommendation

  • Lease registration

  • Template optimization (standard lease templates)

  • Establish and maintain standard corporate guidelines for all lease documents

  • Legal document management and disaster recovery

HOW DOES THIS BENEFIT YOU?

  • Reduce risks associated with your real estate

  • Provide practical solutions to protect your interests

  • Create standardized language across all leases

  • Benefit from top-tier Canadian law firm expertise in a more cost-effective way

  • Easy access to legal support

CASE STUDY
OPERATING EXPENSE RECOVERY AND BUSINESS CONTINUITY


 

The Challenge

 

Our client’s retail operation was facing three challenges that, individually and combined, threatened the continued operation of the business as well as involving overcharges of hundreds of thousands of dollars. The challenges included:

  • Expiry of the lease term with 1 x 5 year option in a desirable market with no relocation options and market rent at 200% of current rent paid;

  • A right to terminate the lease with one year notice by the landlord;

  • A complex property tax miscalculation involving errors by the assessment board, the landlord, and the landlord’s tax experts spanning over a decade.

The Solution

A Landmark team including the legal, transaction, lease administration and executive members was created to analyze the situation and assess options that would be in our client’s best interest.

 

Over a period of two years, we engaged outside tax counsel specialized in that region, held numerous difficult negotiation sessions with the landlord’s representative and their tax experts, filed and managed claims with the local assessment board, performed in-depth market studies on identical operations to identify relevant market rent values and terms, availed ourselves of the multiple contacts we maintained in the region to provide input and reported to our client continuously on the progress.

The Result

We achieved a 5-year renewal at 15% below market. We obtained a settlement from the Landlord for our client for realty tax overcharges totaling $250,000. Our client was able to stay in the same location with no down-time in operations. We maintained a strong tenant-landlord relationship during the process – a testament to Landmark’s customer-service skills.

CUSTOMER FEEDBACK

"Landmark has brought to us a significant depth of knowledge in all areas of commercial real estate ensuring that we have been able to upgrade our facilities, better match them to our needs and yet remain at a very competitive cost.

 

In all real estate decisions, we consider that Landmark is our partner, and they have played a significant role in our continued growth."

President

Sonepar Canada

Learn How We Will Protect Your Real Estate Interests