Login

LCBO Reserves Right to Not Pay Rent as Landlord-Tenant Battles Rage

One Property Owner Has Sued Staples Canada and Directors Associated With Its New York-Based Private Equity Owner
The Liquor Control Board of Ontario has suggested it reserves the right to not pay its rent under lease terms. (CoStar)
The Liquor Control Board of Ontario has suggested it reserves the right to not pay its rent under lease terms. (CoStar)
CoStar News
April 23, 2020 | 7:04 P.M.

The Liquor Control Board of Ontario isn't just the largest alcohol distributor in Canada's largest province. The Ontario government also owns it, yet the agency with more than 650 stores has fired a warning shot at its landlords about a right to postpone paying rent or even taking an abatement.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE