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The Subordination and Surrender Agreements (Canada) Business/Services Section

Subordination, Non-Disturbance and Attornment Agreement (Canada)

This agreement is between a Tenant, a Landlord and a Landlord's Lender. The Tenant agrees that his/her interest in the premises are subordinate to Lender's interests. Lender promises that if there is a default by the Landlord on the mortgage, the Lender will honor the lease and not disturb Tenant, so long as Tenant is not in default. This packet includes: (1) Subordination, Non-Disturbance and Attornment Agreement Information (2) Subordination, Non-Disturbance and Attornment Agreement This form can be used in the following provinces and territories: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon. Among others, this form includes the following provisions: • Subordination • Lender's Exercise of Remedies • Attornment and Non-Disturbance • Lender's Right to Cure

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Surrender Agreement (Canada)

Generally a lease or rental agreement is for a fixed term (e.g. one year), which means that the Landlord and Tenant are contractually bound for the duration of the lease term—the Tenant must continue paying rent and the Landlord must continue to allow the occupancy of the premises for the entire term of the lease. However, under certain circumstances, both the Landlord and the Tenant may wish to end the lease prior to the expiration of the lease term. In this case, the Landlord and Tenant should enter a Surrender Agreement. This agreement is simply a written record of their agreement to end the lease early. By entering into this type of agreement, the parties can avoid many future problems and misunderstanding surrounding the termination of the lease. This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.

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Surrender of Sublease Agreement (Canada)

Generally a sublease is for a fixed term (e.g. one year), which means that the Original Tenant and the New Tenant are contractually bound for the duration of the sublease term—the New Tenant must continue paying rent and the Original Tenant must continue to allow the occupancy of the premises for the entire term of the sublease. However, under certain circumstances, both parties may wish to end the sublease prior to the expiration of the sublease term. In this case, the parties should enter a Surrender Agreement. This agreement is simply a written record of their agreement to end the sublease early. This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.

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