Introduction to the Principles of Commercial Leasing

Instructor: Michael Leroux
Pre-requisites: Must hold a valid license for trading under the Real Estate Services Act.
PDP accredited: Cat. B - 6 credits

This course offers an introduction to commercial leases. It is designed for the residential REALTOR® who may be interested in gaining understanding and knowledge of the basic components of an Offer to Lease, and the leasing process.

The Landlord/Tenant relationship is very different than a seller/buyer relationship. There are many important issues that can adversely affect this business relationship if the lease agreement is poorly understood or poorly constructed. Landlords and tenants look to REALTORS® for their expertise and guidance in completing a successful leasing process.

In this introductory course, participants will be introduced to how a commercial lease is created and its basic component parts, certain significant provisions, and the different types of commercial leases. Using a case study, participants will take part in a hands-on activity to prepare a simple and binding Offer to Lease.

The concepts which will be learned will have application to commercial retail units, office space and warehouse premises.

Learning Outcomes: Upon completion of the course, participants will be able to:

Define the basic terminology of commercial leases.

Describe the different types of tenancies.

Explain the essential elements of a commercial lease.

Identify the different types of commercial leases.

Recognize the common provisions of commercial leases.

Identify key differences between leases of strata lots and standard commercial premises.

Describe the differences between Guarantor, Indemnitor and Covenantor and when to apply them.

Successfully prepare a simple and binding Offer to Lease including avoiding key risks and errors.

Cost:

REBGV Members: $150 +tax;

Non-REBGV Members: $180 +tax

Contact Information:
Real Estate Board of Greater Vancouver
memberservices@rebgv.org or call 604-730-3090
REBGV Members - please login to rebgv.ca to register.

Location:
Real Estate Board of Greater Vancouver
2433 Spruce Street, Vancouver, BC