A commercial real estate contract is commenced between an interested company and a real estate owner in order to hire or lease the real estate for some commercial purposes. Such a contract is based on the payment terms, termination clause and obligations of both the parties.
Sample Commercial Real Estate Contract:
Contract number: 457/ CRE
Date: February 13th, 2011
This commercial real estate contract is made and entered between Wilma Real Estate Companies Pvt. Ltd, Address: Office Number: 7, Wong- U, Sun Rise Building, New York, America, hereinafter called as the real estate party.
Rainbow Sales Companies Pvt. Ltd, Address: Plot No: 23, Industrial Area- B, Salt Lake City, New York, America, hereinafter called as the lessee party.
Whereas the lessee party is willing to lease the building and a plot from the real estate party and the real estate party is interested to put the mentioned property on lease.
This contract is validating from February 14th, 2011 and is ending on February 14th, 2012.
Term & Conditions:
Obligations & Duties:
The real estate party is transferring the rights of commercial use of the following mentioned property:
- Building Address: 33/ 5, Cathedral Road, Greenway Valley, New York, America
- Plot Address: plot no: 3, Industrial Area- 7, Salt Lake City, New York, America
The above mentioned property will be utilized by the lessee party for the commercial purpose only. Any kind of maintenance for the building and the plot will be solely handled by the lessee party.
The Lessee party will pay $ 3000 per month as a plot lease amount and $ 5000 per month as a building rent on the 7th of every month for the committed duration.
In case of any monetary issue and unsettled dispute, this contact will be treated as cancelled.
Acceptance of the Comerica Real Estate Contract:
Real Estate Party: Lessee Party:
Beth Timberlake Anna Timberlake