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PEI Assignment of Lease by Landlord
Assign an existing lease on a PEI rental property to a new owner with this Prince Edward Island Assignment of Lease by Landlord.
- The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant, and is part of the documentation required to complete the sale of the rental premises.
- The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
- The purchaser and seller agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
- The Assignment form can be used for both commercial and residential rental properties.
- Available in MS Word format.
- Intended to be used only in the Province of Prince Edward Island, Canada.
$11.99
PEI Mutual Cancellation of Commercial Lease
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.
$2.29
PEI Nondisturbance Agreement
Prepare a Nondisturbance Agreement for Prince Edward Island commercial properties with this downloadable template.
- A nondisturbance agreement gives your business tenants a measure of comfort when you are putting a mortgage on the building.
- The mortgage lender agrees that, if the landlord defaults on the mortgage and the property is foreclosed upon, the tenant shall continue to occupy the premises undisturbed, provided that the tenant is not in default under the lease.
- This legal form template is provided in MS Word format and is fully editable to meet your specific circumstances.
- Intended to be used only in the Province of Prince Edward Island, Canada.
$6.29
PEI Standard Form Commercial Lease
Rent out office or retail business premises in Prince Edward Island to a tenant with this Standard Form Commercial Lease Agreement.
- The tenant has the option to renew the lease after the initial term expires.
- The template contains optional provisions for mechanical and structural repairs, depending on whether (i) the landlord is responsible for paying for the repairs, or (ii) the tenant is responsible for all repairs.
- The lease also contains alternate paragraphs for payment of the property taxes, depending on whether the landlord or the tenant will be paying the taxes.
- The tenant agrees not to register its leasehold interest against title to the property, but has the right to register a caveat so long as the tenant discharges the caveat at the end of the lease.
- The landlord is not responsible for death or injury to persons on the premises, or for any loss or damage of personal property. The tenant indemnifies the landlord against any claims or actions arising from the lease or the tenant's use of the premises.
- Available in MS Word format, fully editable to meet your needs.
- Intended to be used only in the Province of Prince Edward Island, Canada.
$29.99