DIY is popular and cost efficient.

AI is making it easier. Some advisory services are about to be eliminated (think about travel agents) and the power is being given to the people – and fast!

Who will be next? Realtors? Graphic designers? Ghost writers (the humankind)… so many moving parts are unfolding at once.

By example, I posed this question to Google:

“Is negotiating a premise lease in Ontario a regulated Act”

In Ontario, negotiating a premise lease, whether residential or commercial, is not a regulated act in the sense that it requires a specific license or regulatory approval to engage in the negotiation process.

However, it is still a process governed by the law, specifically the Residential Tenancies Act for residential leases and the Commercial Tenancies Act for commercial leases.

Elaboration:

· Freedom to Negotiate:

Both property owners and tenants in Ontario have the right to freely negotiate the terms of their lease agreement. This means that while the law provides a framework for tenancy, the specific terms of the lease, such as rent, duration, and responsibilities, are generally open to negotiation between the parties.

· Contract Law:

Both property owners and tenants in Ontario have the right to freely negotiate the terms of their lease agreement. This means that while the law provides a framework for tenancy, the specific terms of the lease, such as rent, duration, and responsibilities, are generally open to negotiation between the parties.

· Residential Tenancies Act (RTA):

This act outlines the rights and obligations of property owners and tenants in residential tenancies. It provides some protection for tenants, but it also allows for flexibility in negotiation within the framework of the law.

· Commercial Tenancies Act (CTA):

This act governs commercial leases and provides a framework for the relationship between commercial property owners and tenants. While it offers some protections, it generally gives more freedom to negotiate the terms of the lease.

· No Licensing Required:

Unlike certain regulated professions or activities, negotiating a lease agreement does not require a license or regulatory approval in Ontario. Anyone can negotiate a lease agreement, provided they have the legal capacity to do so.

· Seeking Legal Advice:

While negotiating a lease is not a regulated act, it is advisable to seek legal advice if you are unsure about your rights and obligations under the law or if you are dealing with complex or contentious issues.

Conclusion:

Yes, you can go it alone and negotiate your lease with your lessor. Some are very capable of doing so. It might surprise you to know that when I signed a new, 10-year lease for ROI Corporation (the sister firm of RLCI) I used Realty Lease Consultants to help me. It’s a $1.8 million contract over the first 10 years and RLCI found numerous areas of the property owners’ lease that required negotiation.

Need your lease reviewed to locate any ticking time bombs? Thinking of renewing?

Planning to sell? Call RLCI @ 705-743-1220 free 30 minutes initial consultations.

_{Note to Reader: Did you know that there is a specific Act of parliament that regulates Commercial Premise leases?}

_{Don’t get taken to the cleaners by an unscrupulous landlord.}

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