Manitoba Commercial Triple Net Lease Agreement
Rent out office or retail premises to a tenant in Manitoba with this Commercial Triple Net Lease Agreement.
What is a triple net lease?
This lease is a triple net lease carefree to the lessor (landlord). This means that the lessee (tenant) is responsible for paying all costs and expenses associated with the leased premises, except for the landlord's income taxes.
Key Features of the Lease
- The tenant has an option to renew the lease for an additional term.
- The base minimum yearly rent will be adjusted for each year of the lease term.
- The tenant is responsible for carrying fire and extended coverage insurance.
- Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
- The tenant accepts the lease subordinate to any mortgage or other lien.
- The tenant must provide an estoppel certificate on request by the landlord.
Indemnification of Landlord
The tenant indemnifies the landlord against all liabilities, claims, damages, demands and actions arising from the tenant's breach or nonperformance under the lease. The landlord will not be liable for any loss or injury suffered by any person on the premises at any time.
Included with Template
The lease template includes a form of Estoppel Certificate and a sample set of Rules and Regulations to be followed by the tenant.
Format and Use of Document
The document template is available in MS Word format and is fully editable to meet your particular circumstances. It is intended to be used only in the Province of Manitoba, Canada.
Manitoba Mutual Cancellation of Commercial Lease
Cancel an existing lease on office or retail space with this Manitoba Mutual Cancellation of Lease template.
The Manitoba Mutual Cancellation of Lease template is designed to facilitate the termination of existing leases on office or retail spaces.
This agreement is specifically intended for commercial tenancies and is not suitable for residential tenants. A different form must be used for residential lease cancellations.
Mutual Agreement to Terminate
Under this agreement, the lessor (landlord) and lessee (tenant) mutually consent to end the lease as of a specified termination date. On that date, all rights and obligations outlined in the original lease are extinguished, except for those that have accrued prior to the termination.
Template Features
- This form is available for download and can be fully edited to suit the needs of the parties involved.
- It is intended exclusively for use within the Province of Manitoba, Canada.
Manitoba Nondisturbance Agreement
Manitoba commercial landlords, if you are mortgaging a commercial building, give your tenants a measure of comfort by having the mortgagee sign this Nondisturbance Agreement.
- The mortgage lender agrees that, in the event the landlord defaults on the mortgage and the property is foreclosed upon, the tenant shall continue to occupy the premises undisturbed, provided that the tenant is not in default under the lease.
- This legal form template is provided in MS Word format and is fully editable to meet your specific circumstances.
- Intended to be used only in the Province of Manitoba, Canada.
