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    Ontario Purchase and Sale Agreement for Commercial Property


    Buy and sell commercial real estate property in Ontario with this Offer to Purchase and Agreement of Purchase and Sale for Commercial Property.

    • The seller is responsible for all expenses and taxes on the property up to the closing date. The buyer is responsible for those costs from and including the closing date.
    • The seller is entitled to all rental revenues up to the closing date. From and including the closing date, the buyer will receive all rents from the property.
    • The seller will make available to the buyer all documents, authorizations, records, etc. to allow the buyer to perform its due diligence and complete its inspection and any environmental or structural audits required.
    • The buyer agrees to assume the existing tenants and leases, but is not obligated to assume any contracts for supply of products or services to the property.
    • The seller agrees not to enter into any new leases prior to closing, and will notify all utility and other services of the change of ownership.
    • This legal form is available as a Microsoft Word file and is fully editable to fit your circumstances.
    • Intended for use only in the Province of Ontario, Canada.
    Download Type: Microsoft Word
    Last Updated: 14-April-2021
    SKU: 8350
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    Asset Purchase Agreement | Canada


    Purchase the assets of a Canadian business with this comprehensive Asset Purchase Agreement.

    • The business is sold as a going concern, including assets, inventory and goodwill.
    • The amount of the purchase price allocated to inventory will be adjusted prior to closing based on the actual physical inventory at that time.
    • The transaction is conditional in part upon the parties completing all of their covenants that must be performed prior to closing.
    • Schedules include Definitions, Representations and Warranties of Seller, and a Non-Competition Agreement.
    This Canada Asset Purchase Agreement is available in MS Word format, and is fully editable to fit your specific needs.

    Ontario Commercial Triple Net Lease Agreement


    Rent out office or other business premises to a tenant with this Ontario Commercial Triple Net Lease Agreement.

    • This lease is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with the premises including structural repairs.
    • The tenant has an option to renew the lease for an additional term.
    • The tenant will pay all expenses, taxes, levies, and charges with respect to the premises, except for the landlord's income taxes.
    • The tenant is responsible for carrying fire and extended coverage insurance.
    • The tenant is responsible for all alterations, improvements, maintenance and repairs.
    • Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
    • The tenant accepts the lease subordinate to any mortgage or other lien.
    • The tenant must provide an estoppel certificate on request by the landlord.
    This Ontario Commercial Triple Net Lease Agreement template is available in MS Word format, and is fully editable to fit your needs.