| ICSC Legal Database - Cases | Monday, February 22, 1999 05:07 PM |
| Citation: |
| 1043545 Ontario Inc. v. 2748355 Canada Inc. [1998] O.J. No. 2781 (Ont. Ct. Gen. Div.) |
| Issue: |
| The court rejected a tenant's application for rectification of a lease. It did not accept that the tenant did not |
| appreciate that the option to renew incorporated by reference the previous lease. Rather, the court believed that |
| the tenant accepted the incorporation by reference of that previous lease, "sight unseen." Further, since the |
| tenant breached its obligations to pay rent on the first day of every month, and to maintain insurance, the court |
| held that the tenant was not legally entitled to exercise the option to renew. |
| Classification 1: |
| Options/First Refusals |
| 01691 - Legal Update - Winter 1998 |
|