It was a pleasure speaking with CityNews this week about issues Tenants and Landlords are facing with informal agreements during COVID.
There is an important distinction between rent deferral and rent forgiveness. It is essential that both parties understand which one is being agreed to and that these arrangements are formalized in writing. In addition, for rent deferral, it is important to negotiate your re-payment terms up front to avoid situations where the Landlord may require back rent to be paid in full immediately.
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