“5 things commercial landlords should know about the new Construction Act”
Laurie J. Sanderson of Gowling WLG draws our attention to the new “Construction Act” (formerly called the “Construction Lien Act“) which “promises to be a significant shift in the way that the Construction Act affects commercial landlords in Ontario”, and draws our attention to five important things to note about the changes:
|1. Automatic 10% Lien Right against Landlords Paying Allowances, etc.
2. Extended Lien Rights
3. Some New Protections against Lien Liability and Holdbacks
4. Landlords Must Now Respond to Information Requests from Lien Claimants
5. Grandfathering of Existing Improvements and Leases
If you are a commercial landlord I would recommend that you read the full article.