“As we went through the application process we found it very difficult and very complex,” said Randy Ferguson, president of ProCura Real Estate Services.“This program, unfortunately, was not put together in such a way that it would be of benefit to all of the stakeholders,” Ferguson said.
Provincial legislation introduced last month prevents landlords from evicting commercial tenants affected by the pandemic, but does not offer financial relief.Minister of Economic Development, Trade and Tourism Tanya Fir says she’s aware of recent complaints from both renters and landlords and is willing to listen.
“We are still hearing feedback from tenants and landlords, and we will continue as we go through this process to take in that feedback, and if we need to make adjustments that is something we’d consider,” Fir said last Thursday.Kunitz’s landlord has offered a 20-per cent rent reduction, but required an extended three-year lease, something Kunitz isn’t prepared to do.
As in break a contract. They will be on the hook for left over period in the contract. Unless there is a termination clause. Don’t you wish journalists would inform us of the details. Not just the sound bytes.
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