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Company Tenancy Agreement Template for Canada

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Key Requirements PROMPT example:

Company Tenancy Agreement

"I need a Company Tenancy Agreement for a tech startup leasing 5,000 square feet of office space in downtown Vancouver, with a 5-year term starting March 1, 2025, including provisions for tenant improvements and expansion rights."

Document background
The Company Tenancy Agreement is a fundamental legal document used in Canadian commercial real estate transactions when a business entity wishes to lease commercial space from a property owner or landlord. This comprehensive agreement is essential for establishing the legal framework of the landlord-tenant relationship in a commercial context, ensuring compliance with provincial commercial tenancy laws and regulations. It is typically used for office spaces, retail locations, industrial facilities, or other commercial properties. The document addresses crucial aspects such as rent structure, operating costs, maintenance obligations, insurance requirements, and specific terms of use while incorporating necessary provisions for compliance with Canadian federal and provincial legislation. The agreement should be customized based on the specific province's requirements, as commercial tenancy laws vary across Canadian jurisdictions.
Suggested Sections

1. Parties: Identification of the landlord and tenant, including full legal names and addresses

2. Background: Context of the agreement and brief description of the premises and intended use

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of lease and description of the premises

5. Term and Renewal: Duration of the lease and any renewal options

6. Rent and Operating Costs: Base rent, additional rent, operating costs, and payment terms

7. Security Deposit: Amount, terms and conditions of the security deposit

8. Use of Premises: Permitted and prohibited uses of the premises

9. Maintenance and Repairs: Responsibilities of landlord and tenant for maintenance, repairs, and improvements

10. Utilities and Services: Responsibility for utilities and building services

11. Insurance: Required insurance coverage for both parties

12. Assignment and Subletting: Terms and conditions for assigning or subletting the premises

13. Landlord's Covenants: Obligations and warranties of the landlord

14. Tenant's Covenants: Obligations and warranties of the tenant

15. Default and Remedies: Events of default and available remedies

16. Termination: Conditions and procedures for lease termination

17. Notice: Methods and addresses for giving formal notices

18. General Provisions: Miscellaneous legal provisions including governing law and severability

Optional Sections

1. Tenant Improvements: Terms for initial tenant improvements and alterations - include when premises require significant modification

2. Operating Hours: Specific requirements for business hours - include for retail or regulated businesses

3. Signage Rights: Rules regarding exterior and interior signage - important for retail locations

4. Parking: Allocation and rules for parking spaces - include when parking is limited or separately charged

5. Common Areas: Rights and restrictions regarding common areas - include in multi-tenant buildings

6. Environmental Matters: Special environmental obligations - include for industrial or potentially hazardous uses

7. Option to Purchase: Terms for tenant's right to purchase - include if agreed between parties

8. Exclusivity Clause: Restrictions on leasing to competing businesses - include for retail tenants requiring protection

9. Force Majeure: Provisions for unforeseen circumstances - increasingly common post-COVID

10. Guarantees: Personal or corporate guarantees - include when additional security is required

Suggested Schedules

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

2. Schedule B - Operating Costs: Detailed breakdown of includable operating costs and calculation method

3. Schedule C - Building Rules and Regulations: Specific rules governing tenant conduct and building operations

4. Schedule D - Tenant Improvement Specifications: Detailed specifications for any approved tenant improvements

5. Schedule E - Environmental Standards: Environmental compliance requirements and standards

6. Schedule F - Rent Schedule: Detailed breakdown of rent payments and escalations

7. Schedule G - Service Level Standards: Standards for building services and maintenance

8. Appendix 1 - Certificate of Insurance: Form of insurance certificate required

9. Appendix 2 - Guarantee Agreement: Form of any required guarantees

10. Appendix 3 - Condition Report: Initial condition assessment of the premises

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

Office Space

Industrial

Manufacturing

Healthcare

Technology

Professional Services

Hospitality

Warehousing and Distribution

Financial Services

Entertainment

Education

Relevant Teams

Legal

Real Estate

Facilities Management

Operations

Finance

Risk Management

Compliance

Property Management

Asset Management

Corporate Services

Administration

Relevant Roles

Property Manager

Real Estate Manager

Facilities Manager

Legal Counsel

Chief Financial Officer

Operations Director

Real Estate Director

Leasing Manager

Asset Manager

Business Development Manager

Corporate Real Estate Manager

Risk Manager

Compliance Officer

Chief Operating Officer

Real Estate Agent

Commercial Property Broker

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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