Real Estate Contracts

What is Triple Net Lease? Calgary Guide by Mark Verzyl

In commercial real estate, certain agreements shift financial responsibilities between landlords and tenants. One popular arrangement in Calgary’s dynamic market involves tenants covering property taxes, insurance, and maintenance costs alongside base rent. This structure allows landlords to stabilize income while tenants gain control over operational expenses. Mark Verzyl Real Estate, a trusted leader...

what is a right of first refusal

What Is a Right of First Refusal – Real Estate Rights

In real estate, certain agreements give specific parties priority when opportunities arise. A contractual clause known as ROFR ensures an individual or entity receives exclusive access to match or decline a deal before others can bid. This mechanism balances fairness and control, often appearing in leases, partnerships, or property sales. For example, tenants or existing stakeholders might leverage this...

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