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Document Id : 6290
File Type : Microsoft Word
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Canada Surrender of Commercial Lease
Use this template to prepare a Surrender of Commercial Lease for a business or retail lease in Canada.
- The parties agree that the tenant will surrender the premises and the lease will be cancelled and terminated as of a specified date.
- The tenant will pay the landlord a specified amount to terminate the lease, and will forfeit all security and damage deposits paid to the landlord.
- Both the landlord and the tenant agree to honour their obligations until the date of surrender.
- The tenant will remove its trade fixtures and specified leasehold improvements (if possible).
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