PEI Nondisturbance Agreement

PEI commercial landlords, rent out office or other business premises to a tenant with this Commercial Triple Net Lease Agreement for Prince Edward Island.

• 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.
• Clauses outlining abatement of rent or termination of the lease in the event of damage, destruction, or condemnation of the building.
• The tenant accepts the lease subordinate to any mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.

Cancel an existing lease on office or retail space with this Prince Edward Island 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 downloadable and fully editable to fit your needs.
• Intended to be used only in the Province of Prince Edward Island, Canada.

Renew and extend a PEI business tenant's lease with this downloadable, easy-to-use template.

Key Provisions of Renewal and Extension Agreement

The landlord and tenant both agree to the expiry date and the rental payments and other costs for the new term. The remaining terms and provisions of the original lease will remain in full force and effect.

This is a one-time only extension. The tenant has no further right to extend or renew the lease. Once the new term expires, the parties must negotiate a new lease.

When to Use the Renewal and Extension Agreement

This template form is for leases on commercial properties in Prince Edward Island. For residential tenancies, a Residential Lease Extension form is required.

Format and Legal Jurisdiction

This is a fully customizable MS Word document which can be reused as often as needed. It is intended to be used only in the Province of Prince Edward ISland, Canada.

AI Disclaimer

This Commercial Lease Renewal and Extension form was prepared by human document reviewers, and was not generated using AI tools.