A commercial property lease agreement is commenced as a legitimate binding between the property owner and the interested lessee. Such an agreement is prepared to meet the commercial requirements, which includes leasing official space, warehouse and business shelter, etc.
Sample Commercial property Lease Agreement:
Agreement no: 6896- CPLA
Date: January 30th, 2011
This commercial property lease agreement is made & entered between:
Details of the Property Owner:
Name: Mr. Adam Sully
Contact number: 7789 489 6879
Hereinafter called as the property lessor
Details of the organization:
Name: Rose & Petal Companies Pvt. Ltd
Phone number: 3899 543 4869
Hereinafter called as the lessee
Whereas the property lessor is willing to put his warehouse on lease and the lessee is interested to lease this mentioned property.
This agreement is effective from January 31st, 2011 and is ending on January 31st, 2012
Clauses & covenants:
The property lessor will receive an amount of $ 45000 as a security deposit, whereas the monthly rental of $ 1200 will be paid on 3rd of every month by the lessee.
The lessee will be responsible for maintenance of the warehouse.
After paying the security amount, the lessee can use the hired property for commercial use.
Any kind of issue or dispute may cause the termination of this agreement.
Acceptance of the commercial property lease agreement:
Signed by the Property Lessor Singed by the Lessee: