A Build-to-suit Agreement is binding contract or lease contract made between two parties; one of whom is the “Owner” of a home, residential property or commercial property, and the other is the “Company”. A Build-to-suit Agreement is required by companies or organizations that want to operate their day to day functions from the premises of certain residential or commercial property.
Sample build-to-suit agreement
Build to Suit Agreement
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Owner and Company referred herewith as “JupiterHomes” have entered into this Build-to-suit Agreement referred herewith as the “Sugar Bend Lease”. Owner is leasing the said property “7725 Sugar Bend Drive” to JupiterHomes, and JupiterHomes is leasing from the Owner, the specified real estate property situated in the City of Orlando, State of Florida and herewith known as the “Sugar Bend Premises”.
As a part of the Sugar Bend Lease and in accordance with the Build-to-suit Agreement, the Owner desires to give to JupiterHomes, and JupiterHomes desires to obtain from the Owner, the option for leasing certain or all portions of the Sugar Bend Premises on agreed terms and conditions.
JupiterHomes will have the option for leasing Sugar Bend Premises on a build-to-suit basis based on the various terms and conditions as described in this Build-to-suit Agreement.
JupiterHomes shall deposit the sum of Six Hundred Thousand Dollars ($600,000) with the owner after the execution of this Build-to-suit Agreement.
IN WITNESS WHEREOF, the parties “Owner” and “Company” have executed this Build-to-suit Agreement as on the date set forth which is 11/12/2011 (MM/DD/YY).