COMMERCIAL LEASE DEED FORMAT FOR THE TENANT:
Take care to check the valid and proper sanction for the construction of the property being negotiated for the lease; check the sanctioned plan and completion letter.
Check the details of the carpet area being mentioned in the Commercial Lease Deed Format.
Mention the charges related to maintenance, lift operation charges, power back up, parking and all other related charges being claimed by the owner of the commercial premises or the operator in the Commercial Lease Deed Format.
Negotiate and mention about the liability of the applicable taxes, levies in the Commercial Lease Deed Format.
The Commercial Lease Deed Format should clearly and specifically mention the date of commencement of the lease and the date of termination of the tenancy.
Commercial Lease Deed Format should also mention specifically the mode and process of the termination of lease deed.
Commercial Lease Deed Format should also indicate the enhancement clause for the leased property.
The clause related to renewal of the Commercial Lease Deed Format should also be mentioned specifically.
The Commercial Lease Deed Format/ agreement should be registered if the lease period is for more than 11 months.
IMPORTANT TIPS FOR COMMERCIAL LEASE DEED FORMAT FOR THE LAND LORD:
The identity and the paying capacity of the proposed tenant should be verified specifically.
The Commercial Lease Deed Format should specifically mention about the charges related to maintenance, lift operation charges, power back up, parking and all other related to be borne.
The liability of the applicable taxes, levies in the Commercial Lease Deed Format should be specifically be mentioned.
The Commercial Lease Deed Format should clearly and specifically mention the date of commencement of the lease and the date of termination of the tenancy.
Commercial Lease Deed Format should also mention specifically the mode and process of the termination of lease deed.
Commercial Lease Deed Format should also indicate the enhancement clause for the leased property.
The clause related to renewal of the Commercial Lease Deed Format should also be mentioned specifically.
Commercial Lease Deed Format should also mention the mode of deposit and return of the security amount from the tenant.
Commercial Lease Deed Format/ agreement should be registered with the Registrar if the lease period is more than 11 months.
SAMPLE COMMERCIAL LEASE DEED FORMAT/ AGREEMENT
SAMPLE COMMERCIAL LEASE DEED FORMAT/ AGREEMENT
This lease is made on this ______________day at ______________ between:
( Name of the Lessee)
AND
(Name of the Lessor)
WHEREAS:
B. In consideration of the monthly rent hereinafter reserved and all the covenants and conditions hereinafter contained and on the part of the LESSEE to be paid, observed and performed, LESSOR hereby demises unto the LESSEE the Leased Premises on lease for a term of 3 (three) years from the date hereof, with the LESSEE holding the option to extend the lease for a further two terms of 3 (three) years each.
C. The monthly rent for Apartment shall be Rs ———————————————————plus service tax (as applicable) and rent for 2 car parking slots shall be Rs.——————————————————————————, plus service tax (as applicable) from the date————————————–till———————————————————- thereafter the monthly rent shall be escalated by 20 percent (20%) over the last paid monthly rent, however Service Tax (as applicable) shall be paid by the LESSEE. On such renewal a fresh lease deed on the same terms and conditions as herein contained shall be executed and registered.
D. The LESSEE shall enter into separate maintenance agreement with the maintenance agency and shall pay the maintenance charges, contribution to sinking fund and wing charges to them directly.
E. The LESSEE is desirous of taking on lease the Leased Premises for its office and LESSOR has agreed to grant the Leased Premises on lease to the LESSEE on the terms and conditions hereinafter contained.
NOW THIS DEED