A real estate commercial lease is a legal document that puts forth the rights and liberties of a tenant on acquiring land for development of a real estate, from a certain landlord. The lease should clearly depict all terms and conditions applicable to both the parties and also the exact term of the lease, the latter being an important determining factor in commercial leases.
Sample Real Estate Commercial Lease:
This lease is to state that the deal for the acquirement of plot number 3627 has been signed in the perfect presence of all the involved parties in this lease and has been thoroughly read and understood by all. The terms and conditions have been sworn to be followed, the detailed particulars of which have been stated below:
Real Estate commercial lease number: 3872094
Leaser name: Frank Constructions Pvt. Ltd.
Address: 45, Lenin Street, London.
Name of the lessee: Peterson Builders Pvt. Ltd.
Address: 67, Gordon Street, London.
Initialization date of the lease: 14th May, 2011.
The lease will remain valid till: 14th May, 2013
Purpose of taking the plot on lease: The land has been decided to be taken on lease for an extended time period of 2 years to develop the idea of construction of a real estate, suitable for families to reside with all priorities available easily. Peterson Builders will take over the land for the above-stated time span and will also be legally responsible, or even penalized, for any discrepancy in the proceedings of the contract.
- Name and address: South Frank Residence
34, Lenin Street, London
- Area of land: 7000 sq feet
- Cost: $920000
- John Anderson, witness
- Mr. Steve Jones, Advocate
__________________________________ [Signature of leaser]
__________________________________ [Signature of lessee]