JHAMB ASSOCIATES

 Sahil Jhamb

 11 Years Exp

 Commercial Shop Rental Agreement (Show More)

 Mohali , Zirakpur

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Information

When you wish to open a shop/store of some kind in a shopping complex, isolated building or any spot of your choice, you will need to prepare a store lease. The lease will be signed between the owner of the business and the landlord.

Such leases are governed by the Rent Control Act and are binding. Hence, proceeding without a contract is like leaving a ticking legal bomb.

Any individual above the age of 18 can enter into a commercial store lease. Companies and business too can be the lessee in a store lease. Any person wishing to open a store in a place available for rent can enter into a store lease.
What Should Be Included In The Contract?

Being different from a rental deed, a commercial store lease needs to pay attention to a host of clauses that is necessary for a business. Let’s take a look at some such clauses

    Base rent, deposit, maintenance charges
    Addition/ alteration to structures
    Right to sublease
    Working hours in the property
    Consequences of breach of contract
    Terms and conditions of renewal
    Code compliance


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Reviews

Name : Sahil Jhamb

Law Firm Name : JHAMB ASSOCIATES

Country : India

City : Mohali

State : PUNJAB

Practicing Since: 2015

About Your Firm : JHAMB ASSOCIATES

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