A commercial lease contract is a legal document which is entered between the owner of the commercial party and the person who wish to hire this property. This contract mentions the details regarding the property, terms and conditions.
Sample Commercial Lease Contract:
Commercial Lease contract Number: 45/ CM
This commercial lease contract is prepared and entered on November 25TH, 2010 between Mr. Andrew Hamilton whose address is 45/Wind- H, Sunrise Apartment, Down Slat Lake Colony, Toronto, Canada, referred as the Landlord AND Miss Eva Smith staying at: House No. 7, Rainbow Society, Ottawa, Canada, is referred as the tenant.
Whereas the Landlord has agreed to rent his commercial property and the tenant is willing to hire the property under the Commercial lease contract.
This commercial lease contract is commencing on November 27th, 2010 and is ending on November 27th, 2011.
Following mentioned are the promises and covenants prepared with the approval of both the parties:
- Address of the Rented Commercial Property
Building No: 6, South Western Avenue
High Square Road
The tenant will make a payment of $4560 in advance as the security deposit and $ 456 as the monthly rental in the first week of every month.
- Obligations of the Landlord:
The landlord will provide all the basic facilities to the tenant. The tenant will be responsible for taking care of the property and if any damage is occurred to the provided benefits, then 70% of the repair allowance will be paid by the tenant.
If any violation and misconduct is recorded from any of the parties, this contract will be dissolved.
Hereby, both the parties will accept the Commercial Lease Contract:
Signature of the Landlord:
Signature of the Tenant: