July 2003 - British Columbia Real Estate Association

Commercial Bare Land Lease Use Restriction and Rent Adjustments #361

Harveen Dhaliwal | July 1, 2003

By Gerry NeelyB.A., LL.B. The language used in a lease to decide how the adjustment of rent will be determined for a bare land commercial property can be very important. A recent decision involving the rental to be paid during each successive five-year period of a 20-year commercial bare land lease, where the use of …

The British Columbia Real Estate Association acknowledges that our head office is located on the unceded traditional territories of the Coast Salish Nations of Sḵwx̱wú7mesh (Squamish), səl̓ilwətaɁɬ (Tsleil-Waututh), and xwməθkwəy̓əm (Musqueam). We also acknowledge the other 195 First Nations in British Columbia, as these are the lands we each call home.