Cecra Agreement

The law does not apply if the lessor and tenant have participated, at any time, in the CECRA programme (with regard to commercial premises) or with respect to evictions or dismissals that took place before 16 June 2020 (the date on which the law was received at first reading). In addition, the law does not affect the remedies that a lessor may have under a lease agreement if a substantial, non-pandemic violation has occurred. The order applies in cases where a landlord and tenant (or subtenant and subtenant) are entitled to CECRA but do not participate because of the landlord`s decision not to enter into a rent reduction tenancy agreement that includes a moratorium on eviction. In such cases, the lessor is prohibited from doing so: the deadline for CECRA applications is 31 August 2020. Given the complexity of the program, especially for property owners with multiple tenants and/or sites, parties should start collecting information as quickly as possible. It will take time for property owners to begin to get a complete picture of their eligibility and to balance the potential benefits of CECRA authorization with other available alternatives, such as .B. Given the technical nature of the program, landowners and tenants who feel they can benefit from CECRA should, as soon as possible, seek out definitive and other advice to help them assess their situation, determine eligibility for the program and navigation in the application process and documentation requirements. On May 29, 2020, the BC government adopted an emergency decision (Ministerial Decree M179) that is now taking effect and prevents CECRA-entitled landlords from evicting tenants due to unpaid rents. This emergency regulation also limits the termination of leases and the withdrawal of property and property, since the tenant does not pay rent at maturity. The emergency order will remain in effect until the previous end of the CECRA programme (currently September 30, 2020) or when the state of emergency (as extended from time to time) expires (updated). On April 24, 2020, the Prime Minister announced that the federal government had agreed with all provinces and territories to reach an agreement in principle on the implementation of Canada`s Business Profitability Assistance (CECRA) for skilled business owners and small entrepreneurs. Would a form of rent reduction that has not been developed by the CMHC be acceptable if it were to comply with the CECRA program? If the owner of the property is qualified as a “large owner,” CMHC can verify and approve the form of the landlord`s rent reduction agreement to ensure compliance with the CECRA program. In all other cases, a driver must accompany a revised or tailored rental contract.

The Province of Alberta has passed the Commercial Tenancies Protection Act (CTPA) to prevent existing landlords from distributing tenants or imposing penalties for non-payment of rents due to the COVID 19 pandemic. The CTPA applies to premises where: (i) the lessor and tenant are entitled to rights, but the lessor has not entered into a tenancy agreement with the tenant that includes an eviction moratorium; or (ii) the rent for commercial premises is less than $50,000/month, the tenant`s gross annual income is less than $20 million per year, and either the tenant has suffered at least 25 per cent lost turnover or the tenant has been ordered to close his business because of the health emergency declared by the Alberta government.