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Company Lease Agreement Template for Canada

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Key Requirements PROMPT example:

Company Lease Agreement

"I need a Company Lease Agreement for leasing a 5,000 sq ft office space in downtown Toronto, with plans to sublease 40% of the space and including specific provisions for sustainable building practices and EV charging stations."

Document background
The Company Lease Agreement serves as a crucial legal instrument in Canadian commercial real estate transactions, establishing the framework for business premises rental. This document is essential when a business entity seeks to lease commercial space for its operations, whether for office use, retail, industrial, or other commercial purposes. The agreement must comply with provincial commercial tenancy laws, as property law falls under provincial jurisdiction in Canada, while also adhering to federal regulations regarding taxation, accessibility, and environmental standards. It comprehensively addresses key aspects such as financial obligations, maintenance responsibilities, insurance requirements, and operational restrictions, providing both parties with clear guidelines and protections for the duration of the lease term.
Suggested Sections

1. Parties: Identifies and provides full legal details of the landlord and tenant

2. Background: Provides context for the lease agreement and confirms the parties' intention to enter into the lease

3. Definitions: Defines key terms used throughout the lease agreement

4. Demise and Term: Specifies the leased premises and duration of the lease

5. Rent and Additional Rent: Details base rent, operating costs, utilities, and other financial obligations

6. Security Deposit: Specifies the amount, form, and terms of the security deposit

7. Use of Premises: Defines permitted uses of the leased premises and any restrictions

8. Maintenance and Repairs: Allocates responsibility for maintenance, repairs, and improvements

9. Insurance and Indemnity: Specifies required insurance coverage and indemnification obligations

10. Assignment and Subletting: Sets out conditions for transferring or sharing the leased premises

11. Landlord's Covenants: Details the landlord's obligations under the lease

12. Tenant's Covenants: Details the tenant's obligations under the lease

13. Default and Remedies: Defines events of default and available remedies

14. Termination: Specifies conditions and procedures for lease termination

15. Notice: Provides requirements for formal communications between parties

16. General Provisions: Contains standard boilerplate clauses and miscellaneous provisions

Optional Sections

1. Option to Renew: Include when offering tenant the right to extend the lease term

2. Option to Purchase: Include when giving tenant the right to purchase the property

3. Tenant Improvement Allowance: Include when landlord is providing funds for premises improvements

4. Exclusivity Clause: Include when tenant requires protection from competing businesses

5. Co-tenancy Requirements: Include for retail properties where tenant's obligations are tied to other tenants

6. Environmental Matters: Include detailed environmental provisions for industrial or potentially contaminating uses

7. Operating Covenants: Include for retail properties requiring continuous operation

8. Parking Rights: Include when specific parking arrangements need to be detailed

9. Signage Rights: Include when specific signage rights are being granted

10. Guarantee: Include when a third party guarantees tenant obligations

Suggested Schedules

1. Schedule A - Floor Plan: Detailed plan showing the leased premises and common areas

2. Schedule B - Legal Description: Legal description of the property

3. Schedule C - Rent Schedule: Detailed breakdown of rent payments and escalations

4. Schedule D - Operating Costs: Definition and calculation of recoverable operating costs

5. Schedule E - Building Rules and Regulations: Detailed rules governing use of the premises and building

6. Schedule F - Tenant Improvement Specifications: Specifications for any agreed tenant improvements

7. Schedule G - Environmental Disclosure: Environmental conditions and requirements

8. Schedule H - Service Level Standards: Standards for building services and maintenance

9. Schedule I - Form of Tenant Insurance Certificate: Required form for proof of insurance

10. Schedule J - Guarantee Agreement: Form of guarantee if applicable

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses

































Relevant Industries

Commercial Real Estate

Retail

Manufacturing

Professional Services

Healthcare

Technology

Hospitality

Warehousing and Logistics

Financial Services

Education

Entertainment and Recreation

Industrial

Relevant Teams

Legal

Finance

Operations

Facilities Management

Risk Management

Compliance

Real Estate

Administration

Property Management

Asset Management

Business Development

Corporate Services

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Chief Operations Officer

Facilities Manager

Real Estate Manager

Property Manager

Legal Counsel

Corporate Lawyer

Finance Director

Operations Director

Business Development Manager

Risk Manager

Compliance Officer

Asset Manager

Leasing Manager

Commercial Property Agent

Contract Administrator

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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