Amrut Properties
PS REDDY
10 Years Exp
Commercial Shop Rental Agreement (Show More)
Visakhapatnam , Akkayyapalem
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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
Photos
Name : PS REDDY
Law Firm Name : Amrut Properties
Country : India
City : Visakhapatnam
State : ANDHRA PRADESH
Practicing Since: 2015
About Your Firm : Welcome to Amrut Properties – Visakhapatnam (AP) Amrut Properties was established in the year 2015 to provide real estate marketing services through all phases of buying, selling, renting/leasing in Visakhapatnam (AP). The Firm is continuously seeking to elevate their services to the highest level of industry standards and adopt latest and best regional real estate practices. Ours is a registered real estate marketing company with Govt. of Andhra Pradesh under Regn. No. AP-03-84-012-0262654. We are the Certified Digital Marketers and Certified Property Specialists, with a varied experience of more than 35 years in several sectors.
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