Transfer an existing lease to a new owner of the property with this Nova Scotia Assignment of Lease by Landlord form.
The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant, and is part of the documentation required to complete the sale of the rental premises.
The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
Stop wasting time and money rewriting paperwork for your commercial tenants. This Nova Scotia Commercial Net Lease Agreement is a comprehensive legal template that makes it easy to write all your leases in a standardized format.
The Lease is net to the landlord, and the tenant pays all taxes, charges and assessments levied on the premises.
The tenant indemnifies the landlord against loss or damage.
The tenant must obtain and carry such insurance as the la.....
Nova Scotia commercial landlords, if you are mortgaging a commercial building, give your tenants a measure of comfort by having the mortgagee sign this Nondisturbance Agreement.
The mortgage lender agrees that, in the event the landlord defaults on the mortgage and the property is foreclosed upon, the tenant shall continue to occupy the premises undisturbed, provided that the tenant is not in default under the lease.