The 30 Day Notice Commercial Lease is a specialized lease agreement used in the Canadian commercial real estate market where flexibility in tenancy duration is required. This type of lease is particularly valuable for businesses that need short-term space or want to maintain operational flexibility, while still providing adequate protection for both landlord and tenant interests. It includes all standard commercial lease provisions but is distinguished by its 30-day termination clause, which allows either party to end the tenancy with appropriate notice. The document is structured to comply with provincial commercial tenancy laws and typically includes detailed provisions for rent, utilities, maintenance, insurance, and property use restrictions. It's commonly used for temporary commercial spaces, startup businesses, or situations where traditional long-term commercial leases might be too restrictive.
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1. Parties: Identification of the landlord and tenant with their full legal names, addresses, and business registration details
2. Background: Brief context of the lease arrangement and property details
3. Definitions: Key terms used throughout the lease agreement defined for clarity
4. Premises: Detailed description of the leased property including address, square footage, and any included facilities
5. Term: Duration of the lease and specifics about the 30-day notice requirement
6. Rent and Additional Charges: Rental amount, payment schedule, and details of any additional charges such as utilities, maintenance fees, or property taxes
7. Use of Premises: Permitted uses of the property and any restrictions
8. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance and repairs
9. Insurance and Liability: Required insurance coverage and liability allocation between parties
10. Default and Remedies: Consequences of default and available remedies for both parties
11. Notice Requirements: Specific procedures and requirements for giving notice, including the 30-day termination notice
12. Governing Law: Specification of applicable Canadian provincial law
13. Signatures: Execution clause and signature blocks for all parties
1. Assignment and Subletting: Terms regarding the tenant's right to assign or sublet the premises - include if the landlord wishes to control these rights
2. Alterations and Improvements: Rules regarding modifications to the premises - include if significant renovations or modifications are anticipated
3. Environmental Matters: Environmental obligations and restrictions - include for industrial or potentially hazardous commercial uses
4. Security Deposit: Terms of any security deposit required - include if the landlord requires a security deposit
5. Option to Renew: Terms for lease renewal - include if offering renewal options
6. Parking: Parking rights and restrictions - include if parking is available and needs to be regulated
7. Signage: Rules regarding external and internal signage - include for retail or professional office spaces
8. Force Majeure: Provisions for unforeseen circumstances - include if parties want specific protections for extraordinary events
1. Schedule A - Floor Plan: Detailed floor plan of the leased premises
2. Schedule B - Rules and Regulations: Building or property-specific rules and regulations
3. Schedule C - Rental Payment Schedule: Detailed breakdown of rent and additional charges
4. Schedule D - Maintenance Schedule: Specific maintenance obligations and schedules for both parties
5. Schedule E - Tenant's Work: Approved alterations or improvements to be made by tenant
6. Appendix 1 - Insurance Requirements: Detailed insurance requirements and minimum coverage amounts
7. Appendix 2 - Environmental Compliance: Environmental standards and compliance requirements if applicable
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