Define: Commercial Development
Commercial Development means the construction, operation and maintenance of premises for conducting business or nonresidential activities on private property.
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Commercial Development means the construction, operation and maintenance of premises for conducting business or nonresidential activities on private property.
Relevant Circumstances
- Development of a new business complex.
- Renovation of an existing non-residential property.
- Conversion of a residential property into a commercial space.