Description
- 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 .
Summary
Overview of clauses available for the preparation of your commercial lease.
- Identification of the parties
- Definitions
- Leased premises
- Term
- Rent
- 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)
- Expropriation
- Defaults
- Waiver
- 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
- Other covenants
