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Property Leasing: Recent Developments Of Importance - Real Estate and Construction


Can a Tenant Stop Paying Rent as a Result Of COVID-19?
When the government ordered the closure of all non-essential
businesses, tenants quickly turned to their leases to see if the
pandemic would qualify as force majeure and discharge them from
their rent obligations. 
Hengyun International Investment
Commerce Inc. 
v. 
7614
Québec Inc., 2020 QCCS 2251,
(
Hengyun ) was one of the first Canadian cases
to consider force majeure in the context of COVID-19
government-mandated shutdowns. It sparked hope for tenants that
rent relief was possible.
In 
Hengyun, the Landlord and the original Tenant,
VFC, entered into a five-year lease to operate a gym. VFC soon made ....

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Mayor and Council break ground on Creston Emergency Services Building


Mayor and Council break ground on Creston Emergency Services Building
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From L-R: Councillor Arnold DeBoon, Mayor Ron Toyota, Councillor Joanna Wilson, Creston Fire Rescue Assistant Fire Chief Laura Dodman, Councillor Jen Comer, Councillor Jim Elford (Supplied by the Town of creston)
Council convened to break ground on the site where the Creston Emergency Services Building (CESB) is expected to have more activity by May 3rd.
“I really appreciate that we were able to do this today,” said Mayor Ron Toyota. “It’s historic for us because it has taken several years. I think this is the beginning and hopefully, it won’t be too long before the ribbon-cutting ceremony.” ....

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Partnerships with CBT to determine future for Creston's grain elevators

Partnerships with CBT to determine future for Creston's grain elevators
mycrestonnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mycrestonnow.com Daily Mail and Mail on Sunday newspapers.

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Cost of new Lloydminster Firehall #1 estimated at $7.1 million


Cost of new Lloydminster Fire Hall #1 estimated at $7.1 million
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A rendering of the new Firehall #1. (City of Lloydminster)
The cost for the new fire hall is estimated to be $1 million less than originally budgeted, but city administration says that can change very quickly.
City council was presented with the cost of work on the Fire Hall #1 replacement which puts it at just over $7.1 million. The city has budgeted $8.5 million for the project.
Senior Capital Infrastructure Manager James Rogers says costs can still go up on the project as they still need to secure materials and services which could come in higher than expected. It was noted that the cost of construction materials like steel has skyrocket during the pandemic which could push the actual cost up to near the budgeted amount. ....

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