Commercial contract is a piece of agreement between the owner of a property who is willing to sell it or give it as rent and another person who is interested to use that property for some commercial purposes. A commercial contract template is a ready to use documents and is also a legal piece of document that safeguards the interest of both the parties.
Sample Commercial Contract Template
Commercial Contract No.: ______________________________
This is a piece of legal agreement between ____________________________ (Name of the property owner) and ____________________________________________ (Name of the person who is taking lease, or buying it, or lending it) made on –/–/—- (Date on which the agreement is made).
As per the agreement, ____________________________ (Name of the property owner) have agreed to give to ____________________________________________ (Name of the person who is taking lease, or buying it, or lending it) the property located at ____________________________________________________________________________________________ (Address of the commercial space) for the purpose of ____________________________________ (Brief description of the type of business).
Following are the terms and conditions:
- A monthly rent of USD ______ (Amount) needs to be paid by the tenant within _____ th (day) of every month.
- The tenant is not supposed to do any other business apart from the one that is mentioned in this agreement.
- The landlord will not charge for basic amenities like electricity and water supply.
- For any damage, _______ %( mention the percentage) of the damage cost should be paid by the tenant.
Any violation of the above points from either ends will lead to the termination of this contract.
(Signature of the tenant) (Signature of the landlord)