By: Jay Rana

CECRA sample template from Commercial LANDLORD

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The below is a sample template for a letter to your commercial tenant, as an indication that you will be participating in the CECRA (Canadian Emergency Commercial Rent Assistance) program to support the tenant with a 75% reduced rent:

 

Your name
Your phone number (optional)
Your email address (optional)
Your Current Address
City, Province, Postal Code

 

Date

 

Tenant’s Name
Tenant’s Address
City, Province, Postal Code

 

Re:       Supporting our tenants through the COVID-19 crisis

 

 

Dear Valued Tenant,

Due to COVID-19 and the public health orders in place, we understand that this has been an unprecedented time for your business. You are a valued tenant and we want to find reasonable ways to support our tenants during this crisis.

Over the past month, federal, provincial and municipal governments have implemented a number of financial assistance programs for your business. These programs include federal programs such as:

       Canada Emergency Wage Subsidy Program

       Canada’s Work-Sharing Program

       Canada’s Emergency Business Account Program

In addition to these programs, the federal and provincial governments recently announced that they are partnering to provide relief to small businesses and landlords through the Canada Emergency Commercial Rent Assistance Program (“CECRA”) / Ontario-Canada Emergency Commercial Rent Assistance Program (“OCECRA”). The specific details of the program, including the application process for landlords, have not yet been announced. Based on the details known thus far, your business qualifies for this program if it meets the following criteria:

       pays no more than $50,000 in monthly gross rent per location,

       is a small business (including non-profit and charitable organizations) with gross annual revenues of no more than $20 million, and

       has temporarily ceased operations (i.e. generating no revenues), or has experienced at least a 70% decline in pre-COVID-19 revenues.

More information on the CECRA/OCECRA can be found here.

We are trying to determine whether this program makes sense for us and our tenants. If you believe that your business needs rent relief and is eligible for the CECRA please reach out to us to let us know.  We have attached a sample template letter that you can use to attest to your eligibility. We cannot guarantee at this time that we will participate in this program but will work with you to explore available options. / We plan to participate in CECRA/OCECRA and would like to know how many of our tenants would be eligible.

If you have any questions or concerns, please reach out to Landlord’s name/Property Manager’s name and contact information.

 

Sincerely,

 

 

 

Landlord’s name/Property Manager’s name

 

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