Commercial Rent Rental Without
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FAQ
Divide the annual rent by 12 to determine the monthly rent amount. For example, $30,000 / 12 = $2,500 per month. Divide the monthly rent by the usable square footage. For example, $2,500 / 1,000 = $2.50 per square foot.
There are no limits to Commercial Rent Increases in Ontario. Many Landlords understand that a 10, 30 or 50% increase isn't good for their tenants business (or their own!).
In general, commercial rents are taxable for GST/HST purposes, provided the landlord is not a small supplier as defined under the Excise Tax Act (ETA).
Since the lessee's payment is part of the consideration for a taxable supply, it is subject to GST/HST in the same way as the basic rent payable by the lessee. However, if the lessee is directly liable to the municipality or other entity for the payment of any such amount the GST/HST will not apply.
In a ?month-to-month? tenancy, either the tenant or the landlord must give written notice at least one-month in advance. The last day of the tenancy would be the last day of the month. For example, if you plan to end your lease on November 30, you must give your landlord written notice no later than October 31.