Commercial Complex
/ˈkɒmərʃəl ˈkɒmplɛks/
Definitions
- (n.) A legally recognized property consisting of multiple commercial units or buildings designed for business activities, often governed by a common ownership or management structure.
The lease agreement specifies maintenance obligations for tenants within the commercial complex.
Forms
- commercial complexes
Commentary
Typically involves joint ownership or shared legal responsibilities; drafting should clearly define the scope of the complex and governance rights.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.