Exclusive Lease Agreement - Commercial

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Exclusive Lease Agreement - Commercial Powered By Docstoc
					An Exclusive Lease Agreement is a lease agreement between a landlord and a tenant
for commercial premises. The lease agreement contains provisions as to the term of
the lease, the rent, whether additional rent is payable by the tenant, and rights and
restrictions relating to subleasing the commercial premises. As drafted, this is a
carefree net lease for the landlord. A description of the premises can be attached as
Schedule A. The long-form template lease can be customized to fit the needs of the
drafting parties.
                EXCLUSIVE LEASING AGREEMENT - COMMERCIAL

MADE THE _____ day of _____________, 2______.


BETWEEN:

                                       (the “Landlord”)

                                              and


                                         (the “Tenant”)


       In consideration of the rents, covenants and obligations stipulated herein the Landlord
and the Tenant have agreed to enter into a Lease the Premises known municipally as:



and more particularly described on Schedule “A” annexed hereto (the “Premises”).

1.     GRANT OF LEASE

(1)    The Landlord leases the Premises to the Tenant:

              (a)    at the Rent set forth in Section 2:

              (b)    for the Term set forth in Section 3; and

              (c)    subject to the conditions and in accordance with the covenants, obligations
                     and agreements herein.

(2)    The Landlord covenants that he/she/it has the right to grant the leasehold interest in the
       Premises free from encumbrances except as disclosed on title.

2.     RENT

(1)    Rent means the amounts payable by the Tenant to the Landlord pursuant to this Section
       and includes Additional Rent.

(2)    The Tenant covenants to pay to the Landlord, during the Term of this Lease rent as
       follows:
                                              3


            (a)     during the first year of the Term, the sum of ___________ ($________)
                    per annum, payable monthly in advance in equal instalments of
                    ____________ ($________) on the 1st day of each and every month
                    commencing on the first day of the Term;

(3)   The Tenant further covenants to pay all other sums required by this Lease to be paid by
      him/her/it and agrees that all amounts payable by the Tenant to the Landlord or to any
      other party pursuant to the provisions of this Lease shall be deemed to be additional rent
      (“Additional Rent”) whether or not specifically designated as such in this Lease.

(4)   The Landlord and the Tenant agree that it is their mutual intention that this Lease shall
      be a completely carefree net lease for the Landlord and that the Landlord shall not,
      during the Term of this Lease, be required to make any payments in respect of the
      Premises other than charges of a kind personal to the Landlord (such as income and
      estate taxes and mortgage payments):

            (a)     and to effect the said intention of the parties the Tenant promises to pay
                    _______________ (____%) per cent of the following expenses related to
                    the Premises as Additional Rent;

                    (i)     utilities (including but not limited to gas, electricity, water, heat,
                            air-conditioning);
                    (ii)    services supplied to the Premises, provided that this does not in
                            any way oblige the Landlord to provide any services, unless
                            otherwise agreed in this Lease;
                    (iii)   maintenance but not major capital repairs or replacements to the
                            building in which the Premises are located;
                    (iv)    insurance premiums;
                    (v)     any tax or duty imposed upon or collectable by the Landlord which
                            is measured by or based in whole or in part directly upon the Rent
                            including, without limitation, the goods and services tax, value
                            added tax, business transfer tax, retail sales tax, federal sales tax,
                            excise tax or duty or any tax similar to any of the foregoing;
                    (vi)    real property taxes, rates, duties and assessments including such
                            portion of real property taxes. The Landlord shall have the right to
                            determine the assessment value of the Premises acting reasonably,
                            bearing in mind, current principles of assessment, previous
                            assessments and the proportionate share that the rentable area of
                            the Premises is to the total rentable area of all premises in the
                            building of which the
				
DOCUMENT INFO
Description: An Exclusive Lease Agreement is a lease agreement between a landlord and a tenant for commercial premises. The lease agreement contains provisions as to the term of the lease, the rent, whether additional rent is payable by the tenant, and rights and restrictions relating to subleasing the commercial premises. As drafted, this is a carefree net lease for the landlord. A description of the premises can be attached as Schedule A. The long-form template lease can be customized to fit the needs of the drafting parties.
This document is also part of a package Commercial Lease Starter Kit 6 Documents Included