Commercial properties are those types of properties which are used for commercial purpose like opening up of offices, opening of retail stores, setting up workshops, repair shops etc. Whenever a commercial property is leased by the owner to another party or person for a certain length of time and in return for a certain sum of money, then the contract that is made is known as a commercial property lease contract. The contract makes use of several legal definitions, a few of which are given below in context of such a lease arrangement:

LESSOR-the person who owns the commercial property and leases it out

LESSEE-The person who agrees to pay lease amount for usage of a commercial property

COMMENCEMENT DATE-The date from which the lessee uses the commercial property

TERMINATION DATE-The date on which the lessee must stop using the property

LEASE PAYMENT-the monthly payment or rental which the lessee must pay to the lessor for use of the commercial property.

TERMS AND CONDITIONS-The section where all the clauses and rules of the commercial property lease contract are given and the way the parties are expected to act is mentioned.

VIOLATION-breach of any of the terms of the contract.

Sample Commercial Property Lease Contract :

Commercial Property Lease Contract

Download Commercial Property Lease Contract 

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>