Online Seminar

Commercial Leases: Through the Eyes of the CPA

AUG 17 - Aug 18, 2022

Online

DATE

AUG 17 - AUG 18

2022

TIME

8:30 AM - 12:30 PM

WHO CAN ATTEND

All

PD HOURS

7.5 Hours

ETHICS HOURS

0 Hours

STATUS

Registration open until

Aug 14, 2022

EVENT DESCRIPTION

NOTE: This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

SCHEDULE

  • Wednesday, August 17, 2022, 8:30am - 12:30pm
  • Thursday, August 18, 2022, 8:30am - 12:30pm
  • A deep dive into commercial premises leases for CPAs.

    Commercial premises rents represent one of the largest expenses that enterprises incur, and a premises lease is one of the most binding financial agreements that many organizations ever enter into. This CPA Ontario webinar will provide you with an in-depth understanding of the monetary aspects of commercial leases, particularly with respect to additional rents.

    The informative course is divided into two parts. To illustrate important concepts common to most leases Part I covers the monetary aspects of the widely used standard lease and serves as a foundation for the material covered in Part II. Part I also addresses how CPAs can play a bigger role in this significant part of business.

    Part II examines further aspects of the standard lease, but primarily focuses on certain non-standard lease wordings that some tenants can negotiate. These include selected operating cost exclusions and cost capping that respectively reduces and/or limits the amount of additional rent due over the term of the lease, including any renewals.

    After taking this practical and illuminating course, you will have a better understanding of how a standard and some non-standard leases operate, the significance and dollar impact of the different lease wordings, and the manner in which the applicable articles and sections of leases combine to bring about the amount of rent that a tenant pays.

    Learn to take an analytical and disciplined approach in the review of any premises lease whether it applies to an office complex, enclosed shopping mall, commercial industrial centre or strip plaza. Participants may find it interesting to follow along with a lease agreement they currently oversee.

    The subject matter is presented in a highly practical fashion, from both the tenant’s and landlord’s point of view.

    KEY TAKEAWAYS

    • Understand the importance of the Offer to Lease and the critical monetary sections of a premises lease before agreeing to the terms. Recognize the impact on the rent of certain non-standard lease wordings
    • Learn how to manage situations where the tenant is paying directly to service providers for certain premises services, such as HVAC, utilities and refuse removal
    • Be able to review the dollar impact of the different lease wordings that have been developed and honed by lawyers, including how just one word can significantly affect the rent
    • Discover how all of the operating costs and realty taxes can be recovered by a centre’s owner, regardless of the mix of tenants and leases in effect
    • See why many existing tenants are obliged to make contributions to the costs that emanate from vacant space, both from an operating cost and realty tax standpoint

    WHO WILL BENEFIT

    CPAs and finance professionals who oversee the administration of any financial aspect of premises leases or sub-leases or will be doing so in the future.

    PRICING

    Summer Sale. Discount already applied.

    $269.00 Personal Passport

    $285.00 Organization Passport

    $299.00 Member

    $299.00 Student

    $439.00 Public

    Status: Registration open until Aug 14, 2022

    LOCATION

    Online

    SPEAKER(S) BIO

    Nicholas Pope, CPA, CA, has over 25 years of experience applying in-depth, industry-specific knowledge in assisting large recognizable Canadian organizations with the monetary aspects of their premises’ leases, these monetary aspects being the subject matter of this course. Nicholas’s extensive experience has included numerous complex engagements and a wide range of situations, tenant setups and creative solutions involving shopping centres, office complexes and commercial industrial centres across Canada. The course material is presented in a highly practical fashion, from both the tenant’s and landlord’s point of view. Nicholas is also an experienced educator who has been teaching business at the University of Toronto for more than 30 years.

    SPECIAL INSTRUCTIONS

    This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.

    Electronic material can be accessed one week prior to the course at https://pdlms.cpaontario.ca/ and should be downloaded in advance.

    Registration, cancellation, withdrawal and all other CPA Ontario PD Seminar policies can be found here.