Deed of Lease: Warehouse

This letting agreement is for a warehouse or similar commercial purpose in India. A comprehensive business lease with full provisions, including renewal clause, subletting, termination, and more. Though designed primarily to protect the interests of the landlord, yet both sides have a fair deal.
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About this document

This lease agreement covers warehouse premises in a fairly detailed manner. Best value for money that buys you peace of mind when it is mostly required in a tenancy arrangement. Not one of those run of the mill stuff that is generally created by the typists sitting outside district courts. 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.

Recent legislative changes 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?

It is useful for anyone who wants to let out premises for use as warehouse and/or similar purposes.

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;

Content of the Lease:

  • 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.

This document has been drawn by Rakesh Taneja, unconnected with Net Lawman. Rakesh Taneja will welcome your contact for further legal help. There may be a charge for Rakesh Taneja services.

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