Restaurant Lease (Canada)

Price $40.00

Document Id : 163

Canadian commercial landlords, lease a restaurant premises to a tenant with this Restaurant Lease template for use in Canada.

This is a triple net lease, and the tenant pays all taxes, charges and assessments on the premises, all operating costs, all utilities and services to the premises.
This lease is for a restaurant which shares parking with other businesses, such as in a mall or other premises with a common parking lot.
The tenant indemnifies the landlord against any claims arising from the tenant's use and occupation of the space.
The premises are to be used for the purposes of a restaurant only. This lease can be used for a dine-in or take-out / delivery restaurant. The tenant will have the exclusive right during the lease term to sell specific food items in the building / mall.
The tenant is required to carry comprehensive general liability insurance, all risk insurance, boiler and machinery insurance (if applicable), and business interruption insurance.
If the tenant becomes bankrupt or insolvent, or if a receiver is appointed, the current month's rent and the next 3 months' rent will become immediately payable, and the landlord has the right to recover possession of the premises.
The parties agree to binding arbitration in the event of a dispute.

This Canada Restaurant Lease is provided in MS Word format, and is fully editable to meet your business needs.

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