A business rental contract is a document which is signed between two or more than two parties when one of the involved parties rents out a space to the other party. The contract lays down the terms of the rental arrangement and records the details relevant for the deal. The contract given below is a sample of a business rental contract.
Sample Business Rental Contract
The rental contract prepared by and signed between Happy Go Lucky Traders and Sky High Estates on 15th February 2012.
The rental contract states that Happy Go Lucky Traders have rented an office space owned by Sky High Estates. The contract grants the tenant the right to use the property for the next 2yrs beginning for the date mentioned below.
Date on which lease begins: 1st March 2012.
Details of the Owners:
Official Name: Sky High Estates
Authorized personnel: Ms. Jenny Monk
Position: Senior Manager
Contact No.: 583-74-834
Details of Tenant:
Authorized Personnel: Mr. Harry Walker
Job Position: C.E.O.
Contact No.: 583-47-494
Details of the property:
Address: Shop No. 3, Fifth Floor, Lime Towers, West Virginia.
Terms of the Contract:
- 1. The rental payments have to be made every 6 months. The amount of rent has been negotiated mutually.
- 2. Any rent default may be treated as per the wishes of the owners. They have the right to sue the tenants.
- 3. The owners must return the security amount within15 days from the date when the tenant decides to leave the property.
- 4. The tenant cannot exercise any ownership rights on the respective property.
_____________________________ (Ms. Jenny Monk)
_____________________________ (Mr. Harry Walker)