5 Montpelier St
Brampton, ON L6Y 0C3
Property For Lease

Initial Term: 5 Years Base Rent: $20.00 per square foot of GLA per annum throughout Initial Term Additional Rent: Estimated to start at $13.00 per square foot of GLA in Year 1, inclusive of reasonable electricity and water consumption for a general office use (might be higher for tenants that use a lot of water or electricity) Tenant Improvement Allowance: $15.00 per square foot of GLA, payable upon opening for business and expiry of applicable lien period Rent-Free Fixturing Period: Maximum of 60 days from Possession Date Earliest Possession Date: Approximately September 4, 2018 Landlord's Work: Provide premises in shell condition, with: (i) main entrance door - painted on hallway side; (ii) fire-rated demising walls taped and sanded; (iii) 120/208 electrical sub panel (breakers by Tenant); (iii) heat pump unit with thermostat (distribution ductwork by Tenant); (iv) exhaust and fresh-air connections at hallway demising wall for building-wide ERV system; (v) 3/4" cold water line; (vi) rough-in sanitary drains and vent piping for one washroom; (vii) main branch lines of sprinkler system with upright heads (drops/additions/alternations by Tenant); Tenant's Work: All other renovation work to premises except as indicated above for Landlord's Work Extension Option: 1 x 5 upon a minimum of 12 months prior written notice. Market rent, no less than base rental rate in year preceding option period.