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Alberta Commercial Lease Renewal and Extension
Renew and extend an Alberta business tenant's lease with this Commercial Lease Renewal and Extension template.
Key Provisions of Renewal and Extension Agreement
The landlord and tenant both agree to the expiry date and the rental payments and other costs for the new term. The remaining terms and provisions of the original lease will remain in full force and effect.
This is a one-time only extension. The tenant has no further right to extend or renew the lease. Once the new term expires, the parties must negotiate a new lease.
When to Use the Renewal and Extension Agreement
This template form is for commercial leases only. You will need to use an Extension of Residential Lease form for residential tenancies.
Format and Legal Jurisdiction
This is a fully customizable MS Word document which can be reused as often as needed. It is intended to be used only in the Province of Alberta, Canada.
AI Disclaimer
This Alberta Commercial Lease Renewal and Extension form was prepared by human document reviewers, and was not generated using AI tools.
Alberta Commercial Triple Net Lease Agreement
Rent a business premises in Alberta to a tenant with this Commercial Triple Net Lease Agreement.
- This lease is a triple net lease to the landlord, and the tenant agrees to pay for all costs with respect to 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.
- Procedures in the event of damage, destruction, or condemnation of the building.
- Subordination of the lease to a mortgage or other lien.
- The tenant must provide an estoppel certificate on request by the landlord.
- If the tenant holds over (i.e. stays in the premises) after the lease term expires, the tenancy reverts to a monthly tenancy.
- This legal document is intended for use in the Province of Alberta, Canada.
- The Alberta Triple Net Lease Agreement template can be used for office or retail space.
