<\!DOCTYPE html> Lease Abstract & Tracker — industrio
Lease abstract & tracker

Your lease, decoded and on a calendar.

Drop your signed lease in. industrio abstracts the key terms, tracks every payment and date, and pings you 18 months before expiry with a renewal playbook.

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Confidential to your profile. Your uploaded lease stays in your private tenant workspace. industrio never shares it with landlords, brokers, the landlord side of the platform, or any other user — and we never use it to train AI models. Only you and teammates you explicitly invite can see it. You can delete it at any time from your account settings.

By submitting you agree to our data policy and terms.
Abstract — 45 Courtneypark Dr E, Unit 7

Extracted automatically from your uploaded lease.

Commencement
April 1, 2024
Possession April 1
Expiry
March 31, 2029
5-year initial term
Renewal notice
Oct 1, 2028
By written notice, 6 mo before expiry
Size
11,600 SF
Per Schedule B
Starting net rent
$17.00 / SF
Escalates $0.50/SF/yr
TMI (estimate)
$7.10 / SF
Reconciled annually
All-in monthly
$23,297
$279,564 / yr
Security deposit
$46,594
Last & first month
Free rent
2 months
Months 1-2, net only
TI allowance
$3.00 / SF
$34,800 — claimed
Option to renew
1 × 5 yrs
At then-fair market rent
Assignment
Landlord consent
Not to be unreasonably withheld
Timeline

What matters between now and expiry.

Every milestone derived from your abstract. We'll email you at each trigger; teammates you invite will see the same alerts.

Dec 9, 2022
Lease signed

Tenant: Chess Electric Ltd. · Landlord: Pure Industrial · 5-year firm term · No personal indemnifier.

Jan 3, 2023
Fixturing period began

28 days of access for Tenant's Work (carpet, walls, washroom, kitchen plumbing, network). Basic Rent and Operating Costs abated; utilities + admin fees still payable.

Feb 1, 2023
Lease commenced · Year 1 rent in effect

$18.25/SF net · $3,043.19/mo basic · ~$4,077/mo all-in (incl. est. TMI $6.20/SF). Deposit $5,401.75 + Prepaid Rent $5,401.75 received by Landlord.

Feb 1, 2024
Year 2 step-up

Net rent escalated to $19.35/SF (+6.0%) · $3,226.61/mo basic · ~$4,260/mo all-in.

Feb 1, 2025
Year 3 step-up

Net rent escalated to $20.51/SF (+6.0%) · $3,420.04/mo basic · ~$4,454/mo all-in.

Mar 31, 2025
TMI reconciliation (2024)

Actual $6.45/SF vs. $6.20/SF estimate — 4% over budget. Catch-up invoice ~$500. No audit dispute filed.

Feb 1, 2026
Year 4 step-up (current)

Net rent escalated to $21.74/SF (+6.0%) · $3,625.15/mo basic · ~$4,659/mo all-in. Now at +12% above Mississauga sub-5k market average.

Mar 31, 2026
TMI reconciliation (2025)

Actual $6.62/SF vs. $6.20/SF estimate — 6.8% over. Audit window: TMI audit requests for 2025 due by Jun 30, 2026.

Apr 28, 2026
Today — 21 months to expiry

Year 4 in effect. Watch-window: no renewal option in lease; renewal terms must be negotiated fresh. Begin scoping alternatives by Jul 2026 (18 months out).

⚠ Critical · No renewal option in lease
Jul 31, 2026
Renewal-strategy alert (18 months out)

No contractual renewal — industrio will pull fresh Mississauga sub-5k comps and the AI broker will draft a negotiation playbook + alternative-space tour list. This is the single most important date on the timeline — miss it and you lose your negotiating leverage.

Feb 1, 2027
Year 5 step-up

Net rent escalates to $23.04/SF (+6.0%) — final term year. $3,841.92/mo basic · ~$4,876/mo all-in. ~26% above market avg at this point.

⚠ Critical · Last chance to act
Jul 31, 2027
Renewal-or-relocation decision (6 months out)

Hard deadline to decide: negotiate stay or sign elsewhere. Tenant work + moving lead-time is ~4-6 months for typical sub-5k industrial. If you reach this date without a signed renewal or a new lease elsewhere, you risk overholding (200% rent) or scrambling.

Jan 31, 2028
Lease expiry

Surrender condition: broom-clean. Landlord may require removal of Tenant's Work (carpet, walls, washroom, kitchen plumbing) at its sole discretion. Overholding without a new deal = 200% of last-year rent.

Payments

Twelve months of rent, reconciled.

Connect your bank feed or import a CSV. industrio matches each payment to the billed amount and flags variances.

MonthBasic rentTMITotal billedPaidStatus
May 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Jun 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Jul 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Aug 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Sep 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Oct 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Nov 2025$3,420.04$1,033.85$4,453.89$4,453.89On time
Dec 2025$3,420.04$1,033.85$4,453.89$4,453.89Paid 4 days late
Jan 2026$3,420.04$1,033.85$4,453.89$4,453.89On time (final Year 3 month)
Feb 2026$3,625.15$1,033.85$4,659.00$4,659.00On time (Year 4 step-up applied)
Mar 2026$3,625.15$1,033.85$4,659.00$4,659.00On time
Mar 2026 *—$520.42$520.42$520.422025 TMI reconciliation true-up (6.8% over budget)
Apr 2026$3,625.15$1,033.85$4,659.00$4,659.00On time

12-month rolling view at $20.51/SF (Year 3) and $21.74/SF (Year 4) net rent + estimated $6.20/SF TMI on 2,001 SF. Annual reconciliation true-up posted Mar 2026.

Automation

Your alert rules.

Renewal countdown

18 months out: market comps briefing. 12 months: tour window opens. 6 months: notice deadline reminder.

Competitor move alerts

When a company in your industry signs a new lease within 30 km, we tell you the size, rent, and landlord.

Landlord-touring alerts

If your landlord lists your space for a competing prospect — before they serve non-renewal — you'll know.

Payment variance

We ping you (and accounting) the moment a payment posts short, duplicates, or misses the due date.

TMI reconciliation watch

Landlord late with the reconciliation? Once your anniversary hits, we auto-request it.

Team access

Invite colleagues. Each sees the abstract, timeline, and payment history with role-based permissions.