The Company Let Agreement serves as the primary legal instrument for establishing commercial tenancy relationships in Canadian business settings. 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 and federal regulations while addressing specific requirements of Canadian business and property law. A Company Let Agreement typically includes detailed provisions for rent, operating costs, maintenance obligations, insurance requirements, and various other terms crucial for commercial property occupation. It's particularly important for ensuring both parties understand their rights and obligations under Canadian law, including requirements for GST/HST, property taxes, and commercial property regulations.
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1. Parties: Identification of the landlord and tenant, including full legal names, registration numbers, and registered addresses
2. Background: Context of the agreement, including brief description of the premises and purpose of the lease
3. Definitions: Detailed definitions of key terms used throughout the agreement
4. Demise: Formal grant of the lease, including precise description of the leased premises
5. Term and Renewal: Duration of the lease, commencement date, and any renewal options
6. Rent and Payment Terms: Base rent, payment schedule, rent reviews, and payment methods
7. Operating Costs and Additional Charges: Details of additional costs, including utilities, maintenance, and property taxes
8. Use of Premises: Permitted use of the premises and any restrictions
9. Maintenance and Repairs: Responsibilities for maintenance, repairs, and improvements
10. Insurance and Liability: Required insurance coverage and liability provisions
11. Default and Remedies: Events of default and corresponding remedies
12. Assignment and Subletting: Rules and procedures for assignment or subletting the premises
13. Termination: Conditions and procedures for termination of the lease
14. Governing Law: Specification of applicable Canadian law and jurisdiction
1. Tenant Improvements: Details of any permitted or required improvements to be made by the tenant, used when specific modifications are planned
2. Environmental Matters: Environmental obligations and compliance requirements, included for properties with specific environmental concerns
3. Parking: Allocation and rules for parking spaces, included when parking is part of the lease
4. Signage Rights: Rules and permissions for external and internal signage, used when signage is a significant consideration
5. Security Deposit: Terms relating to security deposit or other financial security, included when required by landlord
6. Operating Hours: Specified hours of operation and access rights, included for properties in shared or managed buildings
7. Common Areas: Rights and obligations regarding common areas, included for multi-tenant properties
8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
9. Option to Purchase: Terms for tenant's right to purchase the property, included when this option is offered
1. Schedule A - Floor Plan: Detailed plan of the leased premises including measurements and boundaries
2. Schedule B - Operating Costs: Detailed breakdown of operating costs and calculation methodology
3. Schedule C - Building Rules and Regulations: Specific rules and regulations governing the use of the premises and building
4. Schedule D - Tenant Improvement Specifications: Detailed specifications for any approved tenant improvements
5. Schedule E - Service Level Agreement: Details of services provided by the landlord
6. Schedule F - Environmental Compliance: Environmental requirements and compliance standards
7. Schedule G - Insurance Requirements: Detailed insurance requirements and coverage specifications
8. Appendix 1 - Condition Report: Detailed report on the condition of the premises at the start of the lease
9. Appendix 2 - Green Building Standards: Environmental and sustainability requirements if applicable
10. Appendix 3 - Security Protocols: Building security and access procedures
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Retail
Professional Services
Manufacturing
Technology
Healthcare
Financial Services
Hospitality
Warehousing and Logistics
Education
Entertainment
Food and Beverage
Relevant Teams
Legal
Finance
Operations
Facilities
Real Estate
Risk Management
Compliance
Corporate Services
Administration
Property Management
Relevant Roles
Chief Financial Officer
Chief Operating Officer
Facilities Manager
Real Estate Manager
Corporate Counsel
Legal Counsel
Property Manager
Operations Director
Finance Director
Business Development Manager
Office Manager
Commercial Property Agent
Risk Manager
Compliance Officer
Corporate Services Manager
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