A retail commercial lease has most of its clauses similar to a commercial lease of the general format, with the only difference being the fact that it involves a comparatively lower investment on a considerably small plot of land, for an individual’s commercial need or the construction of relatively smaller business firms, companies, retail stores, etc.
Sample Retail Commercial Lease:
Retail Commercial lease number: 563389
This commercial lease assumes it true that all involved parties have sincerely gone through the terms of this deed and have also accepted all its conditions, in the true spirit, so as to accept every word of it. The transaction includes several particulars, as stated below:
Name of the leasing company (leaser): Margaret Companies Pvt. Ltd.
Address: 56, Loudon Street, San Francisco
Name of lessee: Mike Constructions
Address: 78, Hallway Apartments, San Francisco
Date of commencement of lease: 5th July, 2011
Last date of lease validity: 5th August, 2014
Purpose of lease: The lease has been signed for a retail commercial purpose which will involve the construction of a small-scale industry to meet the needs of a certain section of people. The validity span of the lease is from 5th July, 2011 to 5th August, 2014, during which the lessee will maintain all aspects of the property and any breach in the contract will make him liable to it.
- Name: Margaret Food Industry.
- Address: 66, Loudon Street, San Francisco
- Area: 2500 sq feet
- Price: $ 500000
The deal has been signed in the presence of:
- John Rich __________________________ [Signature]
- Arthur Martin [advocate] _______________________________ [Signature]
I declare to have read all terms carefully and swear to act accordingly.
[Leaser’s signature] [Lessee’s signature]
Date: 5th July, 2011 Place: San Francisco