Ontario’s promised commercial tenant protection passed into law yesterday.
This is a temporary measure intended to restrict, halt or reverse evictions of commercial tenants
and protect them from being locked out or having their assets seized during COVID-19 by their landlords.
The legislation applies to businesses that are eligible for the Canada Emergency Commercial
Rent Assistance (CECRA):
- Pay no more than $50,000 in gross rent each month, per location
- Are experiencing at least a 70% drop in pre-COVID‑19 revenues (determined by comparing
revenues in April, May or June 2020 to the same months in 2019, or by comparing to average
revenues for January and February 2020) - Generate $20 million or less in gross annual revenues, calculated on a
consolidated basis (at the ultimate parent level)
This applies to evictions from May 1, 2020 until August 31, 2020.
Tenants and landlords can learn more about eligibility for CECRA here:
Ontario.ca/rentassistance
