Nunavut Commercial Lease Renewal and Extension Agreement

NU commercial landlords, rent out office or other business premises to a tenant with this Nunavut Commercial Triple Net Lease Agreement.

• This is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with the premises including structural repairs.
• The tenant has an option to renew the lease for an additional term.
• The tenant will pay all expenses, taxes, levies, and charges against the premises, except for the landlord's income taxes.
• The tenant must carry fire and extended coverage insurance at all times.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
• The tenant accepts the lease subordinate to any mortgage or other lien registered against the property.

Cancel an existing lease on office or retail space with this Mutual Cancellation of Lease template for Nunavut Territory.

• This agreement is only for commercial tenancies. You will need to use a different form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• This legal form template is downloadable and fully editable to fit your needs.
• Intended to be used only in the Territory of Nunavut, Canada.

Write up an Offer to Lease a commercial premises (business, retail, office or warehouse) with this easy-to-use template for Nunavut.

Scope of Offer

Once accepted, the Offer will become legally binding. The resulting lease will be a completely net and carefree lease to the landlord.

Tenant Obligations

• The tenant will pay utilities, and a proportionate share of taxes and operating costs as additional rent.
• The tenant will also be responsible for all repairs (other than structural repairs), and carrying public liability insurance.

Leasehold Improvements

The landlord will pay the tenant an improvement allowance for leasehold improvements. The template includes a Schedule describing Landlord's Work and Tenant's Work.

Format and Jurisdiction

This is a fully customizable legal form template available in MS Word format. It is intended to be used only in the Territory of Nunavut, Canada.