Change chart in the Free Commercial Lease Agreement

Aug 6th, 2022
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How to change chart in the Free Commercial Lease Agreement

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in todays video were going to go step by step on how to prepare a commercial lease in ontario say we have a client who wants us to help them lease a commercial plaza which is 1135 37 square feet with a net rent of 13 net and with a tmi of 16.79 and were going to ask two months gross free rent and three months net free rent so how do we go about this lets go through the lets go through the steps the first form that were going to need to pull up is form 565 which is commercial tenant application and credit information all we have to do is send this form to our client and it is our clients responsibility to fill this up most likely hell be in touch with his bank or his uh bank officer and theyre going to fill up this application for you and send it back to you because this application form is going to be attached with your commercial offer to lease now once youve received it were going to go to form 510 which is the agreement to lease commercial long form here are the steps in

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Commercial tenancy in British Columbia is governed by the British Columbia Commercial Tenancy Act. This act outlines the rights and responsibilities of both landlords and tenants in commercial lease agreements. It covers topics such as rent increases, lease renewals, repairs and maintenance, and eviction procedures.
The maximum rent increase in BC for 2024 is 3.5%. This is up 1.5% from last year but below the 12-month average inflation rate of 5.6%. The cap applies to any increase on or after January 1, 2024.
Commercial leases in Canada are typically on a fully net basis, which requires a tenant to pay basic rent plus a proportionate share of the realty taxes, insurance, utility and other maintenance charges for the building.
Eviction is the act of removing a person(s) from real property. If the eviction stems from a residential tenancy, then a Writ of Possession will be required and a Court Bailiff must enforce it. If the eviction stems from a commercial tenancy, then a bailiff may be entitled to perform the eviction or lease termination.
Tenant agrees to keep the terms of this Lease confidential and shall not disclose same to any other person not a party hereto, without the prior written consent of Landlord, provided that Tenant may disclose the terms hereof to Tenants accountants, attorneys, managing employees, and others in privity with Tenant to
Generally, if a commercial tenant wants to vacate the premises earlier than the lease allows, the tenant will have to get written agreement from the landlord or the tenant may be responsible to pay rent for the entire duration of the lease.

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