Define: Commercial Development

How is Commercial Development defined in a legal contract?

• Commercial Development means any development carried out on private land that is neither heavy industrial nor residential. It includes various establishments such as medical facilities, educational institutions, recreational facilities, plant nurseries, multi-apartment buildings, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes. Seen in 27 SEC filings.
• Commercial Development means the development, construction, operation and maintenance of the assets and the project utilities by the developer on the site. Seen in 19 SEC filings.
• Commercial Development means development that includes a commercial land use district but does not include a residential land use district. Seen in 14 SEC filings.
• Commercial Development means any development involving the use of premises for administration or professional activities, leisure and recreation activities, community centres, places of worship, mobile accommodation, motels, and all other activities not covered by the definitions of residential, retail, and industrial development. Seen in 11 SEC filings.
• Commercial Development means any assessor's parcel of developed property which is not residential property. Seen in 8 SEC filings.
• Commercial Development means a development designed, constructed, or intended to accommodate commercial, retail, or office uses. This includes, but not limited to, any establishment used for the wholesale or retail sale of food, beverage, or other merchandise, or any establishment used for providing professional, financial, or other commercial services. Seen in 8 SEC filings.
• Commercial Development means any development and/or structure constructed mainly for the purpose of conducting business, including but not limited to retail stores, restaurants, shopping centers, business offices, gas stations and so on. Seen in 7 SEC filings.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of commercial development' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Commercial Development means the construction, operation and maintenance of premises for conducting business or nonresidential activities on private property.

Relevant Contract Types

• Construction Contract
• Commercial Lease Agreement
• Property Management Agreement

Relevant Circumstances

• Development of a new business complex.
• Renovation of an existing non-residential property.
• Conversion of a residential property into a commercial space.

Relevant Sectors

• Real Estate Sector
• Construction Sector
• Retail Sector

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Genie Definition 2

• Commercial Development means establishments involving the wholesale or retail sale of goods, professional services, or leisure and recreation activities on private property.

Relevant Contract Types

• Sales Agreement
• Supply Agreement
• Retail Lease Agreement

Relevant Circumstances

• Opening of a new retail store or restaurant.
• Establishment of a new professional services firm.
• Expansion of business operations into new commercial premises.

Relevant Sectors

• Retail Sector
• Services Sector
• Leisure and Hospitality Sector

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