Alberta Commercial Triple Net Lease Agreement

Rent office, retail shopping or other business premises in Alberta to a tenant with this Commercial Triple Net Lease Agreement.

• This lease is a triple net lease to the landlord, and the tenant agrees to pay for all costs with respect to 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 with respect to the premises, except for the landlord's income taxes.
• The tenant is responsible for carrying fire and extended coverage insurance.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Procedures in the event of damage, destruction, or condemnation of the building.
• Subordination of the lease to a mortgage or other lien.
• The tenant must provide an estoppel certificate on request by the landlord.
• If the tenant holds over (i.e. stays in the premises) after the lease term expires, the tenancy reverts to a monthly tenancy.

This Alberta Commercial Triple Net Lease Agreement template is available in MS Word format, and is fully editable to fit your needs.