Real estate refers to buildings or lands or any such properties, which may be used for either of the following purposes i.e. commercial or residential or industrial. A real estate lease contract refers to the contracts prepared to record the leasing arrangement of any real estate property. The sample real estate lease contract given below is a contract framed to record the arrangement wherein a commercial office space is being leased out.
The sample lease contract records the details of both the parties involved, the terms of the lease being issued, the details of the space being leased, and other relevant information.
Sample Real Estate Lease Contract:
The following lease contract has been prepared to be entered between a Mr. John Harper, the lessor in the contract, and a Mr. Jimmy Lawrence, the lessee in the contract. The contract is being signed with effect on 1st of January 2012.
The contract states that the lessor has leased out a commercial office space he owns to the lessee i.e. Mr. Jimmy Lawrence. The duration of the lease has been fixed to 3 years.
Date of commencement of lease: 1st January 2012
Date of expiry of lease: 30th December 2014
Details of the Lessor:
Name: Mr. John Harper
Contact No.: 254-032-341
Details of the Lessee:
Name: Mr. Jimmy Lawrence
Contact No.: 411-274-333
Details of the Space:
Type: Commercial Office space
Description: 3 major cabins, 2 conference halls, 2 meeting halls, lunch room, cafeteria, hall and cubicle area.
Location: 3rd Floor, Pennington Building, Smarty Street, Chicago, USA.
Terms and Conditions:
- The lease rent amount has been fixed by mutual discussion based on market value. The payment has to be made on yearly basis.
- The lessee has all responsibility relating the billings, the maintenance, and repairs.
____________________________ (Mr. John Harper)
____________________________ (Mr. Jimmy Lawrence)