Restaurant Lease | Canada

Lease a restaurant premises in Canada to a tenant with this Restaurant Lease template.

  • 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.
Document Type: Microsoft Word
Last Updated: 28-October-2024
SKU: 163
$29.99
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Ontario Schedule to Asset Purchase Agreement for Restaurant

Attach this Schedule to an Asset Purchase Agreement for the assets of a restaurant business in the Province of Ontario.

  • Procedure for transferring the liquor license to the purchaser.
  • The seller warrants that the employees are not represented under a collective bargaining agreement.
  • Conditions of the purchaser for closing the transaction.
  • Representations and warranties of the seller.
  • Disclosure of revenues, expenses, contracts and business information.
  • Assignment of service contracts and leases, trade names, signage and phone numbers from the seller to the purchaser.
  • The Schedule to Asset Purchase Agreement for Restaurant covers the special conditions that apply when purchasing restaurant assets under Ontario provincial laws.
  • Available in MS Word format and fully editable.
  • Intended to be used only in the Province of Alberta, Canada.
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Ontario Offer to Purchase Restaurant Assets

You can easily write an offer to buy the assets and property of a restaurant with this downloadable template Offer to Purchase for the Province of Ontario.

  • The offer becomes a legally binding agreement of purchase and sale once it has been accepted by the seller.
  • On closing, the buyer will pay the seller the value of liquor, food and beverages on hand, valued at either cost or net realizable value, whichever is lower.
  • The buyer is not required to purchase inventory older than two months or inventory which is unsaleable or unusable.
  • The buyer is responsible for remitting the GST applicable to the sale. The buyer will also pay retail sales tax on the purchased assets.
  • The seller will give the buyer reasonable access to the premises, books and records of the business to enable the buyer to conduct its due diligence investigation.
  • The agreement contains the standard representations and warranties of each party.
  • The seller agrees not to carry on or be involved with a competing business within an agreed proximity to the restaurant, and will not solicit customers or employees from the business.
  • The Offer to Purchase form is intended for use within the Province of Ontario, Canada.
$29.99