Commercial Tenancy Agreement Bc

Reconstruction or renovation or repair work is essentially completed, the tenant will immediately complete all the tenant`s work, including, but not only, the work necessary to fully restore the premises and the tenant will resume payment of the basic rent and overhead contributions within thirty (30) days of receiving the landlord`s notification that the landlord`s work is essentially completed. Regardless of the above, the lessor is not required to rebuild, rebuild or repair the premises after such damage or destruction, unless the tenant has exercised at least one of the subsequent renewal options that he may have under that rent. If the lessor decides not to rebuild, rebuild or repair the premises after such damage or destruction, the lessor becomes the tenant within ninety (90) days after such damage or destruction of his choice and in the case of such a choice, the deadline and the lease agreement thus created will expire with the deadline of the 30th day following the choice, and the tenant will clear the premises within 30 days, and the lessor will have the right to reinstate and/or own the premises unloaded from this lease and to remove all persons and objects. Owners are required to provide a written copy of the rules of the host fleet produced (if any) before signing the rental agreement. It is a good idea for the landlord and tenant to review the rules before signing the contract. (iii) the portion of the common areas and facilities that is included in the laudable area in the case of multi-floor rental premises; is calculated by the aggregate of the base area of the part of the common areas and facilities on the ground with a fraction of the numerator of what is the rental area (except this part of the common areas and facilities upstairs) of the premises and its denominator the rental area (except for the part of the common areas and facilities upstairs) of all premises located on this floor for rent. The Business Leasing Act regulates a number of aspects of the relationship between commercial tenants and their landlords. The law has aged considerably, both in terms of the subject and with the language that requires modernization. The essential issues of the legislation are under scrutiny and proposals for reform are subject to critical consideration. In the event of a default by the lessor which leads to the opening of a foreclosure procedure by its lender (s) against the (s) lessor (s) with regard to the financing of the construction and the land, the tenant is bound to the lender for the duration of the lease, under the same conditions as this one, after receiving a written notification.

Within five (5) working days, after the lessor makes available to the tenant a short contract in a form adapted to the lender`s lender in a form acceptable to the section or sections (the "attornment contract"), the tenant must perform the same thing and return to the lender a copy fully executed in accordance with the contract of attornment. The tenant irrevocably designates the lessor as a lawyer for the tenant with full power of attorney to execute and fulfill the tender contract for and on behalf of the tenant, if the tenant does not do so within five (5) working days from the receipt of the tenant. In the event of an authorized transfer of this rent, the landlord may recover the rent from the assignee, the subtenant or the occupier (all of the above, as "transferred") and apply the net amount collected on the gross rent payable under the tenancy agreement. However, no acceptance by the lessor of payments by a taker is considered to be a waiver of that confederation or the acceptance of the assignor as a tenant or, if necessary, as an exemption from the tenant or guarantor of the subsequent benefit of the tenant or the guarantor, if any, of the tenant`s obligations or obligations or the surety, if they exist.

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