Ontario Nondisturbance Agreement

Notify your business tenants that their leases have been transferred to a new owner with this Ontario Notice to Tenants of Assignment of Commercial Lease.

When a building with commercial tenants is sold, it is essential to inform all business tenants that their leases have been transferred to the new owner. This Ontario Notice of Assignment form serves that purpose, ensuring transparency and compliance with provincial laws.

Notification Requirement

The landlord of the building must provide written notice to all leasehold tenants immediately following the sale of the premises. This ensures that tenants are aware of the change in ownership and understand how it affects their lease agreements.

Instructions for Rent Payment

Included in this Notice are clear instructions directing tenants to pay their rent to the new landlord from the date of the assignment onward. This helps to avoid confusion and ensures that rental payments are correctly processed.

Template Features

The form is a fully editable and reusable MS Word template, allowing landlords to use it whenever necessary. It is a convenient and economical option for landlords and rental property managers.

Jurisdiction

This Notice is intended solely for use within the Province of Ontario, Canada.

Cancel an existing lease on office or retail space with this Ontario 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.
• The template is downloadable and fully editable to fit your needs.
• This form is intended for use only in the Province of Ontario, Canada.