NWT Offer to Lease Commercial Premises

Cancel an existing lease on office or retail space with this Northwest Territories Mutual Cancellation of Lease template.

• This agreement is only for commercial tenancies. You will need to use a different form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• This legal form template is available in MS Word format.
• Intended to be used only in the Northwest Territories, Canada.

NWT commercial landlords, renew and extend a tenant's business lease with this affordable Northwest Territories Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original lease remain in full force and effect.
• This Agreement is for commercial properties. For residential tenancies, a Residential Lease Extension form is required.
• Intended to be used only in the Northwest Territories, Canada.

• 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 its leasehold interest 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.