Newfoundland Commercial Triple Net Lease Agreement

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.

This Newfoundland and Labrador Commercial Triple Net Lease Agreement template is available in MS Word format, and is fully editable to fit your needs.