Other provisions of the Lease include:
- responsibilities of each of the parties for payment of services and expenses,
- landlord's responsibility for repairs and maintenance to the rental premises,
- termination by either party,
- provisions for renewal and extension of the lease term.
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British Columbia Commercial Triple Net Lease Agreement
BC landlords, rent out office or retail premises to a tenant with this Commercial Triple Net Lease Agreement.
- This lease is a triple net lease carefree to the landlord, and the tenant is responsible for paying all costs associated with the premises, except for the landlord's income taxes.
- The tenant has an option to renew the lease for an additional term.
- The tenant is responsible for carrying fire and extended coverage insurance.
- Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
- 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 in the Province of British Columbia, Canada.
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Ontario Forms to Establish Family Trust
Set up a family trust as part of your tax planning strategy with this package of forms for Ontario.
- The package contains the following forms:
- Irrevocable Trust Agreement,
- Consent of Proposed Trustee, which must be signed by each of the designated trustees,
- Resolutions of the Trustees establishing the trust,
- Receipt for the initial trust property,
- Promissory Note,
- Register of Trustees.