Products tagged with 'british columbia'

Rent a commercial premises in British Columbia to a business or retail tenant with this Short Form Commercial Lease Agreement.

This Short Form Commercial Lease Agreement is designed for renting commercial premises in British Columbia, Canada, to business or retail tenants. The agreement is intended for use exclusively within the Province of B.C. and is available as a reusable and customizable Word document.

Lease Term

The lease is established for a fixed term, such as one year. Upon the expiry of this term, the lease may convert to a month-to-month tenancy, provided the landlord consents to this arrangement.

Services and Additional Rent

Services that are provided and paid for by the landlord will be charged to the tenant as additional rent. These charges will be invoiced to the tenant on a monthly basis.

Repairs and Maintenance

The landlord retains sole responsibility for carrying out repairs and maintenance on the building throughout the duration of the lease.

Renewal Option

At the conclusion of the initial lease term, the commercial lease may be renewed for a further term if the tenant chooses to do so, provided the tenant is not in default of any lease obligations.

BC homeowners, hire a contractor to do renovations on your property with this British Columbia Independent Contractor Agreement template.

This Independent Contractor Agreement template is designed specifically for property owners in BC who are looking to hire a contractor for renovation projects.

Scope of Contractor Services

The contractor is responsible for providing all necessary labor and materials required to complete the renovation work at the job site. This ensures that the property owner does not need to source materials or hire additional labor for the project.

Penalties and Bonuses Related to Project Timeline

To encourage timely completion, the agreement includes provisions for both penalties and bonuses. If the contractor fails to substantially complete the work by the agreed-upon completion date, they will be required to pay a penalty for each day the project remains unfinished. Conversely, if the contractor finishes the work ahead of schedule, the property owner will pay a bonus for each day the project is completed early.

Payment Terms and Interest on Overdue Amounts

The contractor is entitled to receive interest at the specified rate for any overdue payments owed by the property owner. This clause helps ensure prompt payment and fair compensation for completed work.

Insurance and Indemnification

The contractor warrants that they are fully insured, providing peace of mind to the property owner regarding potential risks. Additionally, the contractor agrees to indemnify the owner against any claims or losses that may arise during the course of the project.

Template Availability and Customization

The British Columbia Independent Contractor Agreement template is provided in Microsoft Word format. It can be easily edited to accommodate the specific needs and circumstances of each renovation project.

Set up a business joint venture in British Columbia with this template Joint Venture Agreement.

• One of the joint venturers will be responsible for management of the joint venture, and will be paid a management fee for providing such services.
• No joint venturer may transfer its interest without the consent of the other joint venturers, except in the death of a joint venturer, when his/her interest will automatically pass to their spouse or children.
• Each joint venturer has a right of first refusal and piggyback rights on the interest of the other parties, in the event of a sale or transfer.
• Any joint venturer may exercise a shot-gun (buy-sell) provision with respect to the interest of another joint venturer.
• This template is available as a downloadable Microsoft Word file which is fully editable to meet your needs.
• Intended to be used only in the Province of British Columbia, Canada.

Overview of Guarantee and Postponement

When a corporate borrower seeks a loan, lenders often require an additional level of security to ensure repayment. One effective approach is to obtain a personal guarantee, using a Guarantee and Postponement form such as this template for the Province of British Columbia.

Who Should Provide the Guarantee?

The guarantee must be supplied by an individual who has a significant stake in the company, such as a director, shareholder, or sole proprietor. By providing this guarantee, the individual commits to repaying the borrower's indebtedness to the lender if the corporate borrower defaults on the loan.

Priority of Debts

Under the terms of the Guarantee and Postponement, the guarantor also agrees that any debts the borrower owes to them will be deferred in favor of debts owed to the lender. This means the lender's claims take priority over any other claims the guarantor may have against the borrower.

Form Usage and Availability

Once purchased, the Guarantee and Postponement form can be used multiple times without incurring additional fees. It is available for immediate download following purchase, allowing lenders in British Columbia to quickly integrate it into their loan documentation. Every lender in the province is encouraged to include this form as a standard part of their lending process.