Products tagged with 'triple net lease'

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Restaurant Lease | Canada

This is a triple net lease, and the tenant pays all taxes, charges and assessments on the premises, all operating costs, all utilities and services to the premises.
Parking.The restaurant shares the common parking lot with other businesses in the mall or building.
Indemnification. The tenant indemnifies the landlord against any claims arising from the tenant's use and occupation of the space.
Use of Premises. The premises are to be used for the purposes of a restaurant only. This lease can be used for a dine-in or take-out and delivery restaurant. The tenant will have the exclusive right during the lease term to sell specific food items in the building / mall.
Insurance. The tenant is required to carry comprehensive general liability insurance, all risk insurance, boiler and machinery insurance (if applicable), and business interruption insurance.
Events of Default. If the tenant becomes bankrupt or insolvent, or if a receiver is appointed, the current month's rent and the next 3 months' rent will become immediately payable, and the landlord has the right to recover possession of the premises.
Dispute Resolution. The parties agree to binding arbitration in the event of a dispute.
Available in MS Word format.
Intended to be used only in Canada.

$29.99

This lease is a triple net lease carefree to the landlord, and the tenant is responsible for paying all costs associated with the premises, except for the landlord's income taxes.
The tenant has an option to renew the lease for an additional term.
The tenant is responsible for carrying fire and extended coverage insurance.
Clauses outlining abatement of rent or termination of the lease 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.
Available in MS Word format.
Intended to be used only in the Province of British Columbia, Canada.

$29.99

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.
Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
The tenant accepts the lease subordinate to any mortgage or other lien.
The tenant must provide an estoppel certificate on request by the landlord.
This template is available in MS Word format and is fully editable to fit your needs.
Intended to be used only in the Yukon Territory, Canada.

$29.99