Commercial Net Lease for Land and Buildings | Canada

Secure the obligations of a corporate tenant ⁄ lessee under a commercial lease in Canada with this Commercial Lease Indemnity Agreement.

• The indemnity is given by a principal of the tenant, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• An indemnity of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• If the tenant defaults in its obligations, the indemnifying party agrees to perform those obligations, including paying all rent and other amounts due under the lease.
• The indemnifying party also indemnifies and saves the landlord harmless against loss, costs or damages suffered by the landlord as a result of such failure.
• The indemnity is absolute, unconditional and irrevocable, and will not be affected by any extension of time, waiver or consent by the landlord, or by the expiration or termination of the lease.

As a prerequisite to signing a lease on a commercial premises, a corporate tenant must pass a resolution authorizing the lease.

• This downloadable template Resolution form can be used by Canadian companies incorporated federally or in Alberta, BC, Saskatchewan, Ontario, New Brunswick, Nunavut, Yukon and NWT.
• The form is easy to use - just fill it in and print it for signature by the directors. You can re-use it as often as you like.

The landlord will require proof of corporate approval as part of the lease documentation. Buy and download the Canada Directors Resolution Authorizing Execution of Lease form.

Rent shared office space to start-up businesses in a business centre or incubator in Canada with this License to Occupy Agreement

• The Agreement can be used for monthly or weekly rentals.
• The renter (licensee) is provided with temporary office space and shares meeting and conference rooms with other occupants.
• The business centre provides receptionist, telephone, photocopier, fax, Internet and wireless connections.
• The licensee pays a proportionate share of the utility costs for the space occupied.
• Occupants are responsible for insuring their own property.
• The licensee indemnifies the business centre against claims or damages arising from its use of the space or from any breach of the Agreement.
• The laws of landlord and tenant do not apply to this Agreement.

If you run a business centre, you need a good rental agreement that addresses your unique needs. Download the Canada License to Occupy template now.