This office lease form states that the Landlord shall not lease or sublease any other space in the building, during the term of the lease or any renewal to any party that can reasonably be deemed a competitor of Tenant.
Ohio Provision Limiting Rights of Landlord to Lease Space in the Building to Tenant Competitors
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US-OL23011
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FAQ
The Landlord and Tenant Act 1954 gives businesses ?Security of Tenure?. Under this Act, commercial tenants are provided with the right to a lease renewal and the ability to remain in occupation at the property at the end of the contractual term of the lease on the same terms as the old lease.
Every year, the Province of Ontario sets the maximum amount that landlords can raise market rents for most Ontario renters without approval from the Landlord and Tenant Board. The rent increase guideline for 2023 is 2.5%. The guideline applies to rent increases between January 1, 2023 and December 31, 2023.
What laws apply to commercial tenancies in Alberta? Unlike other provinces in Canada, Alberta does not have commercial tenancy legislation. [1] The commercial tenancy regime also differs significantly from the rules surrounding residential tenancies. Commercial tenancy law is largely based on the law of contract.
The tenant should SEEK LEGAL ASSISTANCE to file a claim for rent reduction or for use of the money for repairs. A landlord cannot legally raise the rent, decrease his services or bring, or threaten to bring an eviction action against a tenant merely because of complaints.
Ontario's Commercial Tenancies Act is one of the most important statutes to consider in commercial leasing. It outlines tenants' and landlords' rights, responsibilities, and obligations, covering essential aspects such as rent, lease terms, security deposits, maintenance, repairs, and dispute resolution.
This means the 1987 Act could be triggered on the disposal of commercial premises or airspace. If landlords fail to comply with the 1987 Act, they run the risk of criminal prosecution and/or civil proceedings from Qualifying Tenants.
(A) No landlord of residential premises shall initiate any act, including termination of utilities or services, exclusion from the premises, or threat of any unlawful act, against a tenant, or a tenant whose right to possession has terminated, for the purpose of recovering possession of residential premises, other than ...
The Commercial Tenancy Act outlines the rights and responsibilities of both parties, including rent, lease term, maintenance responsibilities, and any restrictions or covenants related to the use of the property.
