Adv Nimesh L Gore

 Adv Nimesh L Gore

 15 Years Exp

 Commercial Shop Rental Agreement (Show More)

 Beed , Ambajogai

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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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Name : Adv Nimesh L Gore

Law Firm Name : Adv Nimesh L Gore

Country : India

City : Beed

State : MAHARASHTRA

Practicing Since: 2010

About Your Firm : I am individual legal practitioner in Ambajogai district and sessions court and also at Parbhani district and sessions court since 2010 basically in Civil section. I have also empaneled with various local banks, NBFC's etc. and used to deliver title investigation report for the landed properties to be mortgaged with banks for securing their financial assistance. I also used to draft various deeds, agreements as per requirement of client and helps in registering them in registration office. I also have qualified assisting staff in order to provide prompt services to my client.

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