From the Journal·Checklist·Business sale and commercial lease

Selling a business from leased premises leaves one closing question.

An eight-page preparation tool for assembling the lease record, consent questions, guarantees, costs, deadlines, and closing evidence before a business sale becomes unconditional.

What is inside

  • 01
    The lease record.Collect the signed lease, amendments, renewals, guarantees, consents, and correspondence.
  • 02
    The transfer question.Identify whether the sale structure activates an assignment or change-of-control restriction.
  • 03
    The consent package.List the notice, financial information, security, fees, and signatures the lease requires.
  • 04
    The closing conditions.Connect consent, release, buyer occupancy, seller exit, and timing in the purchase agreement.
  • 05
    The evidence file.Keep the approvals, delivery proof, payments, releases, and final signed documents together.
Send me the checklist

Damaris will show it on the next page.

No charge. The checklist opens on screen as soon as you submit.

DRG Law keeps your name and email to follow up about this checklist. To be removed at any time, email info@drglaw.ca.

Ontario licensedLSO Reg. 91022I
Toronto officeReal estate and corporate practice
English and PortugueseBilingual representation
Plain languageOwner-readable legal writing
Why we built this

A business sale can close while the buyer's right to operate from the premises remains unresolved.

The sale structure, the lease's transfer definition, the consent process, and any guarantee or release determine whether the premises are actually part of what the buyer is acquiring.

This checklist puts the documents, questions, deadlines, and evidence in one place so the lease is treated as a closing document before the purchase agreement becomes difficult to change.

From Damaris

A business sale is not complete merely because the purchase agreement is signed. If the business operates from leased premises, the lease must be checked against the sale structure and the closing plan. This checklist is built to help organize that review.

Damaris Regina Guimaraes
DRG Law Professional Corporation