In Subway Franchise Restaurants of Canada Ltd. v. BMO Life Assurance Company, 2021 ONCA 349 (CanLII), the Court of Appeal for Ontario upheld a decision that rejected Subway’s attempts to have the renewal of its commercial lease recognized as valid. At issue was whether Subway renewed its commercial lease within the timeframe required under the lease, namely, at least 9 months and not more than 12 months prior to the expiration of the term. The respondent, BMO, was not the original landlord. At the time it acquired the building – and Subway’s lease – there was an estoppel certificate executed ... [more] Full article