Products tagged with 'ontario'

Create a Unanimous Shareholders Agreement for an Ontario corporation owned by equal partners with this comprehensive template.

• This template agreement includes:
  • a mechanism to avoid deadlock in voting;
  • conditions governing shareholder loans;
  • future financing from profits and ⁄ or third party lenders;
  • terms of employment and termination of employees who are shareholders;
  • benefits for disability;
  • company buy-back of shares on death;
  • shareholder inventions become property of company;
  • arbitration procedure and special rules for disputes over fair market value of shares;
  • remaining shareholder's right of first refusal to purchase departing partner's interest.
• Available in MS Word format and fully editable to fit your specific circumstances.
• Intended to be used only in the Province of Ontario, Canada.

Provide for special majority rights for shareholders in an Ontario company with this downloadable Unanimous Shareholders Agreement.

• Special majority rights include a right of first refusal on minority share transfers (less than 10%), right to carry along minority shareholders on a sale of the company, and a call option to purchase the minority interest on death, disability, termination or change of control of the minority shareholder.
• Minority shareholders have piggyback rights for change of control transactions, and a put option to sell their interest on death, disability, termination or change of control of the minority shareholder.
• Minority shareholders must waive certain dissenting rights.
• Available in MS Word format.
• Intended to be used only in the Province of Ontario, Canada.

Prepare Directors Resolutions to redeem shares of an Ontario business corporation with this package of template forms.

• This forms package contains the following:
  • Directors Resolution setting the redemption price of a certain class of shares,
  • Directors Resolution redeeming specified shares,
  • Notice of Redemption.
• This corporate forms package complies with the requirements of the Business Corporations Act (Ontario).
• Available in MS Word format, fully editable and reusable.
• Intended for use only in the Province of Ontario, Canada.

This General Assignment of Rents template gives lenders in Ontario a means of additional security for the repayment of a corporate borrower's debt.

Assignment of Rents, Income, and Revenue

Under the terms of this Assignment, the borrower (debtor) assigns to the lender all rents, income, and revenue generated from a mortgaged property. This assignment acts as security for a loan or line of credit that the lender is advancing to the borrower.

Borrower’s Restrictions and Continuing Rights

The borrower agrees not to accept prepayment of the rents. Furthermore, the borrower cannot further assign or encumber the rents or the leases in any way. However, unless the borrower is in default under the Assignment, they may continue to collect the rents as usual.

Default and Lender’s Remedies

If the borrower defaults under the terms of the Assignment, any rents must be paid directly to the lender. At this point, the lender has the right to enter the mortgaged property, collect the rent, enforce the terms of the lease, or maintain the property as necessary.

Additional Information

This template is available in Microsoft Word format and is intended solely for use within the Province of Ontario, Canada.

Ontario landlords, hire one of your tenants to act as resident manager of your rental building with this Agreement to Act as Resident Manager.

This Agreement outlines the terms under which Ontario landlords may hire one of their tenants to serve as the resident manager of a rental building.

The agreement is specifically designed for use within the Province of Ontario, Canada, and is made available in a fully editable Microsoft Word format to suit individual circumstances.

Resident Manager Appointment

Under this agreement, the tenant agrees to act as the resident manager of the rental building, in return for receiving either free or reduced rent, along with a monthly management fee.

Duties and Responsibilities of Resident Manager

The resident manager's role encompasses several important tasks, including:

• Collecting rent, late fees, and any other charges due from tenants;
• Issuing eviction and default notices as necessary;
• Inspecting rental units after tenants have moved out;
• Showing available units to prospective tenants;
• Performing groundskeeping duties;
• Conducting building maintenance as required.

Overview

This Ontario Extension of Lease form allows landlords and tenants to formally extend the lease on a rental property located in Ontario for an additional term. The form is available for download and is designed to provide a straightforward solution for continuing a rental relationship beyond the current lease period.

Agreement to Extend

Both the landlord and tenant mutually agree to extend the existing lease for a specific period, which will be determined and agreed upon at the conclusion of the current lease term. This ensures continuity of the rental arrangement while maintaining clarity and mutual consent.

Rental Rate

The rental payments for the extended lease period will be made at the rate agreed to by both parties. This rate must be clearly specified in the extension agreement to avoid any misunderstandings.

Continuity of Lease Provisions

All terms and conditions of the original lease agreement will continue to apply during the extended term, except for those that are specifically amended or updated by the parties in the extension form. This maintains consistency and legal clarity for both landlord and tenant.

Template Format

This extension form is a reusable legal template in MS Word format. You may download, save, and use it for multiple lease extensions, making it a practical tool for ongoing property rental management.

Jurisdiction

This form is intended for use exclusively in the Province of Ontario, Canada. It has been prepared to comply with Ontario’s specific legal requirements for residential lease extensions.