Do I need a real estate agent to lease a property?

No—but representation helps you:

• understand lease terms
• negotiate conditions
• avoid unnecessary risk

What should I look for before signing a lease?

You should review:

• rent and payment terms
• utilities and inclusions
• lease term and renewal options
• maintenance responsibilities
• restrictions and permitted use

What is the difference between residential and commercial leases?

• Residential leases are standardized and governed by Ontario law
• Commercial leases are negotiable and more complex

Are commercial lease terms negotiable?

Yes—most aspects can be negotiated, including:

• rent and incentives
• lease term
• renewal options
• tenant improvements

What is TMI and how does it affect me?

TMI includes:

• property taxes
• maintenance
• insurance

“It is added to base rent and can significantly increase total cost.”

What is a personal guarantee?

Some commercial leases require you to personally guarantee the lease.

” This creates personal financial liability if the business cannot meet obligations.”

What are tenant improvements (TI)?

Tenant improvements are modifications made to a space to suit your needs.

They may be:

• paid by the landlord
• shared
• or tenant-funded

Can I break a lease early?

It depends on the lease terms.

“This is why understanding exit provisions before signing is critical.”

What is a fixed-term lease vs month-to-month?

• Fixed-term: defined duration
• Month-to-month: flexible continuation

Who is responsible for maintenance?

This depends on the lease.

• Residential: generally landlord responsibility
• Commercial: often shared or tenant-heavy

What is the biggest risk for tenants?

Not fully understanding the lease before signing.

What is the biggest mistake tenants make?

Focusing only on rent and location—without understanding obligations.

“The lease defines your obligations—make sure it’s structured to work for you before you sign.”