Nunavut Offer to Lease Commercial Premises

Transfer an existing lease to a new owner of the property with this Assignment of Lease by Landlord form for Nunavut Territory.

• The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant, and is part of the documentation required to complete the sale of the rental premises.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The purchaser and seller agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• The Assignment form can be used for both commercial and residential rental properties.
• Available in MS Word format.
• Intended to be used only in the Territory of Nunavut, Canada.

THIS FORM IS NO LONGER AVAILABLE.

• The tenant has the option to renew the lease after the initial term expires.
• The lease template contains alternate paragraphs depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• The lease also contains alternate paragraphs for payment of the property taxes, depending on whether the landlord or the tenant will be paying the taxes.
• The tenant agrees not to register its leasehold interest against title to the property, but has the right to register a caveat so long as the tenant discharges the caveat at the end of the lease.
• The landlord is not responsible for death or injury to persons on the premises, or for any loss or damage of personal property. The tenant indemnifies the landlord against any claims or actions arising from the lease or the tenant's use of the premises.