Ontario
In Ontario, the leaseback is a commercial lease governed by the Commercial Tenancies Act, so the terms, the length, and the renewal options are what you and the buyer agree, not a fixed statutory regime. Title transfers through the provincial land registration system on closing, and MPAC continues to assess the property in the industrial or commercial class. A vendor take-back can be layered in if it suits the structure. The accounting and tax treatment of a sale-leaseback is a matter for your own advisers.

