Property
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PEI Agreement to Terminate Lease
Cancel a tenant's lease before the end of the lease term with this Prince Edward Island Agreement for Early Termination of Lease form.
- This form is not for evictions. It can only be used when both the landlord and tenant agree to terminate the lease early.
- This Agreement is for residential tenants only. A different form is required for commercial rental properties.
- The tenant must still give the landlord written notice setting out the proposed termination date.
- The tenant agrees to pay a lease buyout fee.
- Available in MS Word format.
- Intended to be used only in the Province of Prince Edward Island, Canada.
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.
PEI Commercial Triple Net Lease 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.
PEI Extension of Residential Lease
PEI landlords, extend the term of a tenant's lease with this Prince Edward Island Extension of Residential Lease form.
- The landlord and tenant mutually agree to extend the lease term for an additional period.
- The monthly rental charge to be paid by the tenant is set out in the agreement.
- All provisions of the original lease which are not amended in the Extension remain the same.
PEI Landlord Permission to Sublet
Get your landlord's consent to assign your lease or sublet the premises with this Prince Edward Island Permission Agreement.
- The landlord must consent to the assignment or sublease.
- The new tenant must meet the landlord's requirements, and the landlord must give its written approval of the new tenant.
- The form contains clauses for either an assignment of the lease or a sublease of the premises.
- The landlord has the option to hold the existing tenant responsible for performing the tenant's obligations until the end of the lease term, or alternatively, to release the tenant from all obligations under the lease once a new tenant is approved.
- This form is available as a downloadable and fully editable MS Word template.
- Intended to be used only in the Province of Prince Edward Island, Canada.
PEI Lease Co-Signer Agreement
If you lease a rental unit to a tenant who is a minor, make sure a parent or guardian signs this Lease Co-Signer Agreement for Prince Edward Island.
- The co-signer agrees to:
- allow the landlord to run a credit check,
- guarantee that the tenant complies with the rental agreement,
- guarantee the payment of rent.
- This legal form template is provided in MS Word format and is easy to download, fill in and print.
- Intended to be used only in the Province of Prince Edward Island, Canada.
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.
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.
PEI Offer to Lease Commercial Premises
Prepare an Offer to Lease a commercial premises (business, retail, office or warehouse) with this easy-to-use template for Prince Edward Island.
- 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 describing Landlord's Work and Tenant's Work.
- This is a fully customizable legal form template in MS Word format.
- Intended to be used only in the Province of Prince Edward Island, Canada.
PEI Renewal and Extension of Commercial Lease
PEI commercial landlords, renew and extend a business tenant's lease with this template Prince Edward Island Renewal and Extension of Commercial Lease.
- The parties agree to the expiry date of the new lease term, and the rental payments for the new term.
- The tenant has no further right to extend or renew the lease.
- The remaining terms and provisions of the original lease remain in full force and effect.
- This form is for commercial leases only. Use the Extension of Residential Lease form for residential tenancies.
- Intended to be used only in the Province of Prince Edward Island, Canada.