New Brunswick Standard Form Commercial Lease

Transfer an existing lease to a new owner of the property with this New Brunswick Assignment of Lease by Landlord form.

• The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant, and is part of the documentation required to complete the sale of the rental premises.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The purchaser and seller agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• The Assignment form can be used for both commercial and residential rental properties.
• This New Brunswick Assignment of Lease by Landlord form is available as a MS Word download.

Rent out office or other business premises in New Brunswick to a tenant with this customizable Commercial Triple Net Lease Agreement.

• This is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with 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 against the premises, except for the landlord's income taxes.
• The tenant must carry fire and extended coverage insurance at all times.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Provisions for 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 registered against the property.
• This legal form is available in MS Word format and is fully editable to fit your needs.
• Intended to be used only in the Province of New Brunswick, Canada.

Set out the terms of agreement for a purchase of commercial real estate in Canada with this template Letter of Intent.

A Letter of Intent (LOI) is used to outline the preliminary terms and intentions for the purchase of commercial real estate in Canada. Signing this document serves as a signal to lenders and contractors that the parties intend to move forward with the transaction. This step allows for an early start on site development, construction, and financing activities prior to the execution of the formal purchase and sale contract.

Summary of Discussions

The LOI serves as a summary of the discussions that have taken place between the vendor and purchaser up to this point. It formally records the preliminary agreements and mutual understandings of the parties regarding the transaction.

Vendor Obligations

The vendor is responsible for providing the purchaser with all documentation related to the property. This includes documents concerning any leasehold tenants. These materials must be delivered early enough to give the purchaser adequate time to review them before the closing date.

Purchaser Requirements

Prior to the transaction closing, the purchaser must be satisfied with both the document review and the physical inspection of the property. Additionally, the purchaser must be able to secure sufficient financing to complete the purchase.

Applicability and Format

This LOI template can be used for commercial real estate transactions in any Canadian province or territory (with the possible exception of Quebec). It is available in MS Word format and is intended strictly for properties located within Canada.