commercial lease default letter template

It can also be helpful to speak with a lawyer about how to negotiate and draw up a lease that meets your needs.

For example, if you need to renovate a commercial space for a restaurant, make sure the lease outlines who will pay for the improvements. Since every commercial lease is different, think carefully about the space and services needed for your business and make sure they are covered.

other business details that have been negotiated between the landlord and the tenant.

the length and type of tenancy (month-to-month or fixed-term).

rules about how to renew or end the lease.

the rent amount, including rules for rent increases and notice requirements.

There is no standard commercial lease because businesses are different, but there are some things which most commercial leases should cover such as: A lease is a written contract that helps make sure both the landlord and tenant know what their rental rights and responsibilities are. If you rent a space for your business you may choose to enter into a commercial lease agreement with the landlord. Learn more about residential tenancy rights. If there is a question about whether the tenancy is residential or commercial, a landlord or tenant can apply to the Landlord and Tenant Board ( LTB) for a determination about whether the Residential Tenancies Act applies to their situation. The Law Society Referral Service can help landlords and tenants find a lawyer who will provide free consultation of up to 30 minutes.

Learn how to file a case in Small Claims Court.

Learn how to file a civil case in the Superior Court of Justice online.

Otherwise, a claim must be brought before the Superior Court of Justice.

Legal disputes between commercial landlords and tenants about money or personal property under $35,000 can be brought before Small Claims Court. You should get legal advice to help you understand how the CTA applies to your specific situation. The provincial government does not get involved in commercial landlord and tenant disagreements.

You should be aware that a signed commercial lease agreement with your landlord or tenant may take precedence over the CTA. Ontario’s Commercial Tenancies Act ( CTA) outlines the relationship, rights and obligations between commercial landlords and tenants.

Commercial lease default letter template