Termination Of Commercial Lease Agreement Template for Canada

1. Early Termination Fee: Include when there is a penalty for early termination of the lease

2. Fixtures and Improvements: Include when there are tenant improvements or fixtures that need to be addressed

3. Assignment of Third-Party Contracts: Include when there are service contracts or other agreements that need to be terminated or transferred

4. Environmental Matters: Include when the property use involved potential environmental impacts

5. Confidentiality: Include when parties wish to keep the terms of termination confidential

6. Holdover Provisions: Include when there's a possibility of the tenant not vacating by the termination date

7. Insurance Requirements: Include when specific insurance must be maintained post-termination

8. Survival Clauses: Include when certain obligations need to survive the termination

1. Schedule A - Property Description: Detailed description of the leased premises

2. Schedule B - Settlement Statement: Detailed breakdown of final payments, adjustments, and security deposit disposition

3. Schedule C - Property Condition Report: Documentation of the current condition of the premises and required repairs

4. Schedule D - Return of Property Checklist: Itemized list of keys, access cards, and other property to be returned

5. Appendix 1 - Original Lease Agreement: Copy of the original lease agreement being terminated

6. Appendix 2 - Photographic Evidence: Photos documenting the condition of the premises at termination