Laurie J. Sanderson
Partner
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Gowling WLG has been monitoring the development of COVID-19 closely and is continuously advising clients as more information becomes available. In the interest of helping commercial landlords and property managers manage the challenges created by the outbreak of COVID-19, Gowling WLG has prepared the following bulletin.
Updates will be available as new information is released.
The Government of Canada announced on April 16th its intent to introduce forgivable loans to commercial property owners to reduce or forgive rent for April, May and June 2020. We have included an extract of the announcement below together with a link to this announcement. We have no details as of yet as to what this program will entail but the announcement is a step in the right direction.
If you are concerned about how COVID-19 might impact your business, feel free to reach out to a member of our Real Estate or Commercial Leasing group.
NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.