Ontario Commercial Net Lease Agreement with Guarantee

The lease is a completely carefree net lease for the landlord.
The tenant pays, as additional rent, all expenses for the premises including taxes, utilities, capital expenditures, insurance, etc.
Provisions for early occupancy and for failure to take possession.
The tenant has an option to renew at the end of the term.
The tenant is obligated to do business in the premises.
The tenant has the right to remove its trade fixtures at the end of the term, provided that the tenant has perfomed its obligations under the lease.
Guarantee of tenant's obligations by a guarantor who has a financial interest in the tenant.
This legal form template is provided in MS Word format and is fully editable to fit your specific circumstances.

Document Type:

Microsoft Word

Last Updated: 17-February-2025

SKU: 4926

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Ontario Standard Form Commercial Lease

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.
The lease contains environmental covenants by both Tenant and Landlord.
Landlord will provide heat, ventilation and cooling systems for the premises and the building, electric power sources, and maintenance and repair of same.
Landlord is responsible for the operation, maintenance and repair of all systems, facilities and equipment necessary for the proper operation of the building in which the premises are located.
Other provisions of the lease include (among others):
- Landlord and Tenant taxes,
- Landlord and Tenant insurance,
- mutual release and indemnity,
- surrender and holding over,
- Landlord's rights on default.
Exhibits to the lease include:
- Determination of occupancy costs,
- Rules and Regulations,
- Landlord's and Tenant's Work.
Available in MS Word format and fully editable to fit your needs.
Intended to be used only in the Province of Ontario, Canada.

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Once accepted, the Offer will become legally binding.
The lease will be a completely net and carefree lease to the landlord.
The tenant will pay utilities, and a proportionate share of taxes and operating costs as additional rent.
The tenant will also be responsible for all repairs (other than structural repairs), and carrying public liability insurance.
The landlord will pay the tenant an improvement allowance for leasehold improvements.
The template includes a Schedule of Landlord's Work and Tenant's Work.
This is a downloadable file that you can customize with the details of your leasing offer.
Intended to be used in the Province of Ontario, Canada.

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The subtenant accepts the premises "as is".
The subtenant agrees to pay rent and a proportionate share of the additional rent to the original tenant, who then pays the landlord.
The subtenant must remove any leasehold improvements and must repair any damage at the end of the term.
The subtenant and original tenant will each pay half of any fees associated with the sublease.
The Sublease requires the consent of the landlord.
This Commercial Sublease Agreement template is intended for use in the Province of Ontario, Canada.

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This lease 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 with respect to the premises, except for the landlord's income taxes.
The tenant is responsible for carrying fire and extended coverage insurance.
The tenant is responsible for all alterations, improvements, maintenance and repairs.
Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
The tenant accepts the lease subordinate to any mortgage or other lien.
The tenant must provide an estoppel certificate on request by the landlord.
This is a fully editable legal form template available in MS Word format.
Intended for use solely in the Province of Ontario, Canada.

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The property manager is retained on an exclusive basis to rent, lease and manage the rental property.
The management fee section contains provisions for either a percentage of total rents or, alternatively, a fixed fee schedule. Additional fees will be charged for such items as preparing NR4 and NR6 forms for non-resident landlords.
The owner authorizes the property manager to collect rents, sign leases, issue late payment notices, terminate tenancies, undertake legal proceedings, purchase supplies, make repairs, obtain insurance, and pay all recurring bills on the property.
The owner indemnifies the property manager against claims arising from managing the property.
The owner agrees to take over responsibility for ongoing contract obligations with vendors, suppliers and contractors if the agreement is terminated.
This is a downloadable template in MS Word format. Buy the form once, and it's yours to use as often as you require.
This legal document is intended for use in the Province of Ontario, Canada.

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