Commercial lease agreement

About this document

This is a business property lease for rental of commercial premises in India. Though designed primarily to protect the interests of the landlord, both sides have a fair deal.

Compliance with various statutory regulations including that of environmental laws is a complicated exercise and any deviation by the tenant could put the landlord in trouble. Use this document to aid compliance and protect your interests.

Latest budgetary proposals place a service tax liability in respect of rent on commercial premises. This commercial lease document covers this tax liability as best as possible and assigns responsibility as appropriate.

This document is suitable for the lease of any business premises including an office, workshop, factory, or shop.

Application and 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;
• Aids compliance with rent laws.

Contents

• Rent: paid monthly in advance;
• Retention Money;
• Security Deposit;
• Payment provisions;
• Use allowed: including 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.