Alberta Mutual Cancellation of Commercial Lease

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.

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.

Write up an Offer to Lease a commercial premises (business, retail, office or warehouse) with this easy-to-use template for Alberta properties.

• Once accepted, the Offer will become legally binding.
• The lease will be a completely net and carefree lease to the landlord.
• The tenant will pay utilities, and a proportionate share of taxes and operating costs as additional rent.
• The tenant will also be responsible for all repairs (other than structural repairs), and carrying public liability insurance.
• The landlord will pay the tenant an improvement allowance for leasehold improvements.
• The template includes a Schedule describing Landlord's Work and Tenant's Work.
• This is a fully customizable legal form template. It is intended to be used in the Province of Alberta, Canada.

Rent out office or retail business premises in Alberta to a tenant with this Standard Form Commercial Lease Agreement.

• The tenant has the option to renew the lease after the initial term expires.
• The lease template contains alternate paragraphs depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• The lease also contains alternate paragraphs for payment of the property taxes, depending on whether the landlord or the tenant will be paying the taxes.
• The tenant agrees not to register the lease against title to the property, but has the right to register a caveat so long as the tenant discharges the caveat at the end of the lease.
• The landlord is not responsible for death or injury to persons on the premises, or for any loss or damage of personal property. The tenant indemnifies the landlord against any claims or actions arising from the lease or the tenant's use of the premises.
• This legal form is intended for use only in the Province of Alberta, Canada.