Nova Scotia commercial landlords, lease office or retail space to tenants with this comprehensive Commercial Net Lease Agreement. This Lease is net to the landlord, so the tenant is responsible for paying all taxes, charges and assessments with respect to the premises. Provisions of the Lease include:

• The tenant indemnifies the landlord against loss or damage.


• The tenant is obligated to obtain and carry adequate insurance. The landlord has the right to demand additional insurance with a substantial damage clause.


• Acceleration of rent upon the bankruptcy, liquidation, or receivership of the tenant.


• The tenant's right to remove fixtures and chattels at termination of lease.


• The tenant remains liable for its obligations under the lease even if the lease is transferred or assigned, or if the premises are sublet to a subtenant.


• The tenant has the option to renew the lease for one additional renewal period.


• If the lease is not renewed and the tenant remains in possession of the premises after the end of the term, the tenancy becomes month to month at twice the rental rate.

This Nova Scotia Commercial Net Lease Agreement is provided in MS Word format, and is fully editable to meet your specific needs.