Northwest Territories

Transfer an existing lease to a new owner of the property with this Assignment of Lease by Landlord form for the Northwest Territories.

• The Assignment is between the seller (current landlord), the purchaser of the property (new landlord), and the tenant, and is part of the documentation required to complete the sale of the rental premises.
• The tenant covenants to pay rent to the new landlord and continue to perform the tenant's obligations under the lease.
• The purchaser and seller agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• The Assignment form can be used for both commercial and residential rental properties.
• Available in MS Word format.
• Intended to be used only in the Northwest Territories, Canada.

NWT landlords, rent out office, retail or other business premises to a tenant with this customizable Northwest Territories Commercial Triple Net Lease Agreement.

• This is a triple net lease carefree to the landlord, which means that the tenant pays for everything to do with 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 against the premises, except for the landlord's income taxes.
• The tenant must carry fire and extended coverage insurance at all times.
• The tenant is responsible for all alterations, improvements, maintenance and repairs.
• Provisions for abatement of rent or termination of the lease if the building is substantially damaged, destroyed or condemned.
• The tenant accepts the lease subordinate to any mortgage or other lien registered against the property.

Cancel an existing lease on office or retail space with this Northwest Territories Mutual Cancellation of Lease template.

• This agreement is only for commercial tenancies. You will need to use a different form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• This legal form template is available in MS Word format.
• Intended to be used only in the Northwest Territories, Canada.

Write up an Offer to Lease a commercial premises (business, retail, office or warehouse) with this easy-to-use template for the Northwest Territories.

• Once accepted, the Offer will become legally binding.
• The lease will be a completely net and carefree lease to the landlord.
• The tenant will pay utilities, and a proportionate share of taxes and operating costs as additional rent.
• The tenant will also be responsible for all repairs (other than structural repairs), and carrying public liability insurance.
• The landlord will pay the tenant an improvement allowance for leasehold improvements.
• The template includes a Schedule describing Landlord's Work and Tenant's Work.
• This is a fully customizable legal form template in MS Word format.
• Intended to be used only in the Northwest Territories, Canada.

NWT commercial landlords, renew and extend a tenant's business lease with this affordable Northwest Territories Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original lease remain in full force and effect.
• This Agreement is for commercial properties. For residential tenancies, a Residential Lease Extension form is required.
• Intended to be used only in the Northwest Territories, Canada.

• The tenant has the option to renew the lease after the initial term expires.
• The lease template contains alternate paragraphs depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• The lease also contains alternate paragraphs for payment of the property taxes, depending on whether the landlord or the tenant will be paying the taxes.
• The tenant agrees not to register its leasehold interest against title to the property, but has the right to register a caveat so long as the tenant discharges the caveat at the end of the lease.
• The landlord is not responsible for death or injury to persons on the premises, or for any loss or damage of personal property. The tenant indemnifies the landlord against any claims or actions arising from the lease or the tenant's use of the premises.