Newfoundland Mutual Cancellation of Commercial Lease

Rent out office, retail or other business premises to a tenant with this Commercial Triple Net Lease Agreement for Newfoundland and Labrador.

• 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.
• Available in MS Word format.
• Intended to be used only within the Province of Newfoundland and Labrador, Canada.

Write up an Offer to Lease a commercial premises (business, retail, office or warehouse) with this easy-to-use template for Newfoundland and Labrador.

• 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 Newfoundland and Labrador, Canada.

Rent out office or retail business premises in Newfoundland and Labrador 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 lease template contains alternate paragraphs depending on whether the landlord is responsible for mechanical and structural repairs, or if 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.
• This is a Canadian legal document intended for use in the Province of Newfoundland and Labrador.