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 absolutely carefree to the landlord, which means that the tenant pays for everything to do with the premises).
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.