A commercial office lease refers to the leasing arrangement which is made between two or more parties. In this arrangement one of the parties involved takes out a lease for a commercial office space from the other party involved. The lease arrangement is subject to a terms and conditions which define the course of action in the period of the lease as well as after the lease expires. The document given below is a sample commercial office lease which records the details of the arrangement.
Sample Commercial Office Lease
The document prepared as on the 23rd June 2011, records a commercial office lease. This document states that Mr. James Thompson, the senior manager of the Clapton Realtors Pvt. Ltd. has leased a commercial office space to Mr. Jack Thorpe.
The office space in question is located at
234, Polly Street
Baltimore, United States of America
The office space consists of 6 major cabins, one kitchen area, 2 conference rooms and a hall.
Date of commencement of the lease: 25th June 2011
Date of expiry of the lease: 25th June 2014
Duration of the lease: 3 years
- The amount to be paid for the lease issued has been decided and negotiated by the parties involved.
- On the expiry of the lease, the lessee has the first right to be considered for the renewal of the lease i.e. it is only after the current lessee refuses a renewal, can the owner lease the property to someone else.
- The lessee is responsible for the repairs of the said property in the course of the lease.
- This lease has been recorded in a legal document, hence any violations by either of the parties involved is a legal offence and shall be dealt with accordingly.
__________________________ (Mr. James Thompson)
__________________________ (Mr. Jack Thorpe)