Products tagged with 'ontario commercial leasing form'

Lease office, retail or other business space to a tenant under the terms of this Short Form Commercial Lease Agreement for Ontario.

• The three parties to the lease are the landlord, the tenant, and an indemnifier (typically, a principal of a corporate tenant) who covenants to perform all of the tenant's obligations and will pay any amounts due under the lease if the tenant defaults.
• In addition to Rent, Tenant will pay as Additional Rent:
  • pro-rated share of utilities, municipal taxes, insurance and other expenses related to the property,
  • full cost of services supplied to the premises, repairs and maintenance, and other expenses related to the leased premises.
• Tenant has the right to have the Additional Rent costs audited by an independent CPA.
• Tenant is responsible for repairs to and maintenance of the leased premises.
• Tenant will ensure that all activities in the premises comply with applicable environmental laws.
• Tenant is required to carry business interruption insurance, public liability, and property damage insurance in stated amounts.
• Other lease provisions include:
  • damage or destruction of the premises and/or the building,
  • Landlord's remedies on default by Tenant,
  • Tenant's signage,
  • subordination,
  • force majeure,
  • construction liens,
  • renewal option.
• This template is a fully customizable MS Word document.
• Intended to be used only in the Province of Ontario, Canada.