About this document:
This lease agreement covers commercial premises. Though designed primarily to protect the interests of the Landlord, both sides can have a fair deal. Compliance with various statutory regulations including that of environment laws is a complicated exercise and any deviation by the tenant could put the landlord in trouble.
Latest budgetary proposals place service tax liability in respect of rent on commercial premises. Our document covers the aspect in as best a method as could have been possible and assigns responsibility as appropriate.
Who will use this document?
Any one wanting to let out premises for business, office, workshop, factory, shop, bank and/or similar use;
Key features:
· all usual basic provisions to protect your interest;
· sub letting not allowed;
· explanatory notes to cover every issue including need for stamp duty and registration;
· flexible to suit peculiar situations;
These documents include provisions for:
· compliance with existing rent laws;
· rent: paid monthly in advance;
· Retention Money; Security Deposit;
· user charges;
· payment provisions: all payments the tenant might have to make;
· use allowed: including list of prohibited activities;
· premature termination;
· inspection by Lessor; to view or show prospective lenders or buyers;
· rent review;
· Condition and Repairs:
· insurance: Lessor insures, procedure after termination;
· dispute resolution.
