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If you're a business owner or entrepreneur in Hyderabad , you know the importance of having a solid commercial lease agreement in place. But with so many legal intricacies and industry-specific terms, drafting a lease agreement can be overwhelming and time-consuming. That's where Legalkart comes in. Our team of experienced legal professionals in Hyderabad specializes in drafting custom commercial lease agreements tailored to your unique business needs. By working with us, you can ensure that your lease agreement is comprehensive, legally sound, and protects your interests as a business owner. Don't leave your lease agreement to chance - trust the experts at Legalkart in Hyderabad to help you navigate the legal complexities of commercial leasing. Get started today and enjoy the peace of mind that comes with having a professional, customized lease agreement in place. Every 10th person in Hyderabad trusts LegalKart for all its legal needs.
Commercial Rental Agreement is an AGREEMENT you use to rent commercial property to or from another individual or company. This document outlines the terms and conditions of the agreement. It will also talk about the rights and responsibilities of both the parties. A commercial lease agreement will have details of property, Owner, tenant, if there is a guarantor, monthly lease amount, Security Deposit and the total term of the agreement. Ideally it should be printed on an appropriately valued Stamp Paper and get it registered by paying appropriate registration fee. A commercial lease is wide in its approach and it has all the key details of mutually agreed rent/lease terms. This can also be identified as:
State the type of commercial property like
2. Party information
3. Property Details:
Provide as many details about the property as you have, like
4. Permitted use of the property:
Describing the allowed use of the property in the commercial lease helps prevent disputes and confusion over what is considered acceptable use of the property. Determine and outline whether the tenant will have exclusive use and protection from direct competition on the property. A direct competitor is someone who operates a similar business on the same property as the tenant.
5. Parking details (if applicable)
6. Term of the Agreement
8. Mode of rent payments
9. Details about Maintenance charges (if applicable)
10. Details of Security deposit
11. Property Inspection details
12. Commercial Insurance of the property (If applicable)
13. Registration and stamp duty
14. Responsibility of property alterations or customisations (if applicable)
15. List the assets in the property
16. Miscellaneous details
17. Authorised Signatory details
Our standard deliverables for every document drafting includes: