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Ontario Standard Form Commercial Lease
Rent out office or retail premises in Ontario to a business tenant with this Standard Form Commercial Lease Agreement.
- The three parties to the lease are the landlord, the tenant, and an indemnifier (typically, a principal of a corporate tenant) who covenants to perform all of the tenant's obligations and will pay any amounts due under the lease if the tenant defaults.
- The lease contains environmental covenants by both Tenant and Landlord.
- Landlord will provide heat, ventilation and cooling systems for the premises and the building, electric power sources, and maintenance and repair of same.
- Landlord is responsible for the operation, maintenance and repair of all systems, facilities and equipment necessary for the proper operation of the building in which the premises are located.
- Other provisions of the lease include (among others):
- Landlord and Tenant taxes,
- Landlord and Tenant insurance,
- mutual release and indemnity,
- surrender and holding over,
- Landlord's rights on default.
- Exhibits to the lease include:
- Determination of occupancy costs,
- Rules and Regulations,
- Landlord's and Tenant's Work.
- Available in MS Word format and fully editable to fit your needs.
- Intended to be used only in the Province of Ontario, Canada.
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