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Alberta Commercial Triple Net Lease Agreement
Rent office, retail shopping or other business premises in Alberta to a tenant with this Commercial Triple Net Lease Agreement.
- This lease is a triple net lease to the landlord, and the tenant agrees to pay for all costs with respect to 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.
- Procedures in the event of damage, destruction, or condemnation of the building.
- Subordination of the lease to a mortgage or other lien.
- The tenant must provide an estoppel certificate on request by the landlord.
- If the tenant holds over (i.e. stays in the premises) after the lease term expires, the tenancy reverts to a monthly tenancy.
Download: Alberta Commercial Triple Net Lease Agreement
Related Forms:
- Alberta Franchise Sub-lease Agreement
- Alberta Mutual Cancellation of Commercial Lease
- Alberta Offer to Lease Commercial Premises
- Alberta Renewal and Extension of Commercial Lease
Related Categories:
- Downloadable Legal Forms > Commercial Lease Forms > Canada > Alberta
- Downloadable Business Forms > Rental Property Management Forms > Canada > Alberta
More: FormsHound.com
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