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Document Id : 5835
File Type : Microsoft Word
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British Columbia Commercial Triple Net Lease Agreement
BC landlords, rent out office or retail premises to a tenant with this Commercial Triple Net Lease Agreement.
- This lease is a triple net lease carefree to the landlord, and the tenant is responsible for paying all costs associated with the premises, except for the landlord's income taxes.
- The tenant has an option to renew the lease for an additional term.
- The tenant is responsible for carrying fire and extended coverage insurance.
- Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
- The tenant accepts the lease subordinate to any mortgage or other lien.
- The tenant must provide an estoppel certificate on request by the landlord.
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