Commercial Lease Agreement Template Alberta

23.1 At the end of the rental period, the tenant will leave and return the premises in as good condition and condition as at the beginning of this rental agreement, appropriate use and wear and tear and damage caused by the excluded elements. As a general rule, a commercial lease agreement covers information provided by the lessor and the tenant, which may contain a bond; rent; the duration of the rental; and any relevant information considered as the duration of the rental agreement. 3.3 With a period of 15 days, the Lessor may terminate the Rental Agreement under the Rental Agreement if the Tenant fails to respect, honor and comply with all agreements, agreements, obligations, conditions and other provisions of the Rental Agreement to be respected, performed and abide by the Tenant beyond this 15-day period. If the concept of rent deferral is acceptable to both the landlord and the tenant, the parties should also take into account when such deferred rent must be paid: regular payments over a specified period or on a lump sum basis. GST-ATTENTION: Keep in mind that the GST must be paid on a commercial rent by the tenant and can be recovered by the landlord at the beginning of the rent due date and the day the rent is paid. Therefore, when structuring a lease agreement, consider changing the lease date as part of the lease agreement so that the deferral applies to the tenant`s obligation to pay the GST for the rent and the rent itself. To defer the lessor`s obligation to transfer the GST, it is necessary to change the due date of the rent; However, the lessor will want to ensure that such a change does not result in the abandonment of other important rights that it may have under the lease agreement. If the landlord and tenant agree to change the rent obligations, the parties should check whether the rental agreement requires changes that must be signed in writing and signed by both parties, as is usually the case. The tenant wants to make sure that the relief rules are immediately applicable and the landlord wants to make sure that he is not required to transfer GST on the deferred rent, and payment obligations at a later date can also be applied later. Although many businesses are affected by the current pandemic, they are not all affected in the same way and any claim for financial relief under a lease agreement must be considered in the context of the specific situation of the owner and tenant: Other: other commercial premises may consist of most other non-residential properties. Self-storage facilities, medical clinics and hotels are examples. Auto-renewal lease agreement: a lease based on an automatic extension means that the lease continues under the agreed terms until either the lessor or the tenant terminates the contract. An automatic extension makes it possible to continue the contract, even after the expiry of the term, under the same conditions as those previously negotiated.

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