Lease of shop in parade with flat over
Document overview
AB
BC
MB
ON
SK
- Length:35 pages (9850 words)
- Available in:
Microsoft Word DOCX
Apple Pages
RTF
If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.
We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.
You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.
Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.
Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.
About this lease
This lease is for a shop with a flat over. The shop will usually be in a parade.
The tenant could use the commercial space for any purpose including:
- conventional retail of goods
- restaurant or cafe
- provision of services such as PC repair or estate agency
The shop may or may not have additional rooms used by the tenant for other business purposes, such as offices or storage.
If the shop is not part of a parade, the relevant paragraphs can be deleted easily and obviously.
The lease has been drawn to prefer the interest of the landlord rather than the tenant.
Similar commercial lease agreements
We offer similar leases for shops where the tenant does not live at the property.
Use Lock up shop lease agreement if the shop does not share services or facilities with other neighbouring shops owned by the same landlord.
Key features
Plain English is used throughout except where it is necessary to use legal terms common in this field of law.
The key features of this lease template can be summarised as:
- standard guarantor
- tenant also lives at the property
- options for transfer or assignment to another party
- sub-letting forbidden
- option to include a break clause for premature termination by the tenant
- a choice of options for rent reviews
The law relating to this lease
Commercial leases differ significantly from residential leases. Residential leases are highly regulated. In contrast, commercial leases in Canada are governed chiefly by common law and are very loosely regulated. The rights and obligations of the landlord and tenant are mainly a matter of contract between the parties.
Document contents
This lease agreement is comprehensive, providing alternative choices for important decisions.
The contents include 32 provisions and 3 schedules covering:
- rent: period, amount, other payments, interest on overdue rent, periodic review
- condition and repair
- tenant's positive obligations
- tenant's obligations for residential space
- service charge recovery
- restrictions on tenant: prohibited activities on the property
- signs and advertisements
- assignment of the lease
- indemnities by the tenant
- insurance
- access for landlord
- guarantor
- termination: default notice by landlord; provision for premature termination (a break clause)
- forfeiture
Schedule 1: the service charge
Schedule 2: rights reserved
Schedule 3: draft agreement for a security deposit
Recent reviews
The guide provided offers excellent support enabling an individual to 'personalize' details as necessary.
The service support available is an added bonus.
Overall, excellent value for money. Thank you.
Choose the level of support you need
Document Only
This document - Detailed guidance notes explaining how to edit each paragraph
Lawyer Assist
- This document
- Document with guidance notes explaining how to edit each paragraph
- Unlimited email support - ask our legal team any question related to completing the document
- Review of your edited document by our legal team including:
- reporting on whether your changes comply with the law
- answering your questions about how to word a new clause or achieve an outcome
- checking that your use of defined terms is correct and consistent
- correcting spelling mistakes
- reformatting the document ready to sign
All rights reserved