The lease is an agreement that involves an owner, also called the lessor, who is interested to rent a space he owns to a tenant (lessee), who is willing to pay to be able to use said space for professional, commercial or industrial purposes.
The commercial lease is not subject to the rules pertaining to residential tenancies.
In a commercial lease, it is necessary that the lessor and the lessee discuss and agree on each of the provisions of the lease that will bind them, as it will be the only document evidencing their agreement.
The lease must be explicit on:
The rent related matters;
The description of the leased premises.
The intended use for the leased premises.
The renewal options.
Our commercial lease is a document that provides the main clauses mentioned in the "Summary" tab.
It is also a document that will meet your needs for a relatively simple lease. For leases whereof terms and conditions are more complex, please contact .
Overview of clauses available for the preparation of your commercial lease.
Identification of the parties
Use of leased premises and prohibited use
Electricity, heating, ventilation and air conditioning
Insurance - Repairs, alterations, destruction and improvements
Rights and obligations of Lessor
Rights and obligations of Lessee
Option to purchase (Optional)
Preferential right to purchase (or right of first refusal) (Optional)
Intervention of the guarantor (suretyship) (Optional)
Notice and requests
No automatic renewal
Extension option (Optional)
Additional and Special Clauses
"Force majeure" (superior force)
Successors and assigns
* These fees may be changed within a 60-day notice and in accordance with section 71 of the Code of ethics of notaries.
GST and QST not included.
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