Humber/Ontario Real Estate Course 1 Exam Practice

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What negotiation is allowed between a landlord and tenant in a commercial tenancy?

Changing the periodic tenancy terms
Setting a fixed rent amount
Security deposit amount
Freehold title adjustment

The correct answer is: Security deposit amount

A commercial tenancy involves leasing a property for business purposes. As such, the landlord and tenant may negotiate the amount of the security deposit that the tenant must pay. This is because the security deposit serves as a protection for the landlord against any potential property damage or loss caused by the tenant. It is important for the landlord and tenant to discuss and agree upon this amount in order to protect both parties' interests. Changing the periodic tenancy terms and setting a fixed rent amount are not allowed to be negotiated in a commercial tenancy because they are typically predetermined in the lease agreement. A freehold title adjustment is also not relevant in a commercial tenancy as this refers to the transfer of ownership of the property and does not involve negotiation between the landlord and tenant.