Lease restaurant space to a tenant with this Commercial Lease Agreement for Canada. This lease is for a restaurant which shares parking with other businesses, such as in a mall or other building with a common parking lot. Provisions of the Lease include:

• 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.


• 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 Canadian Commercial Lease Agreement for Restaurant Space is provided in MS Word format, and is fully editable.