Real Estate During the COVID-19 Pandemic

The COVID-19 pandemic has created tremendous stress and uncertainty for Ontarians. In some cases, tenants may be struggling to make rent on account of having lost their jobs or having to shutter their businesses. Landlords are facing difficult decisions with reduced rental income and ongoing mortgage payments. Managing the relationship between landlord and tenant in both the residential and commercial context in these circumstances can be a challenge. The real estate team at Rasmussen Starr Ruddy is available to assist existing and new clients, both landlords and tenants, navigate these uncharted waters with the review of leases and letters of intent, and for the creation of lease amendments or rent deferral and abatement agreements.   We realize this is a challenging time for families and businesses, and we continue to be available to meet your needs by virtual means.

The COVID-19 pandemic has changed much of the way we interact, including the spring real estate market. Despite the closure of many businesses, some real estate transactions, including purchases, sales, and mortgage refinancing, are still moving forward. The real estate team at Rasmussen Starr Ruddy remains available to assist clients with their real estate needs, and in many cases, can provide these services without the need for in-person meetings.

These are uncertain times in the real estate market, and we can be available to assist with closings, consultations regarding delayed closings, and transactions which may not be going forward. We would be pleased to provide existing and new clients with excellent service and advice.