BNS and Associates

 Advocate Jamal Sait

 2020 Years Exp

 Commercial Shop Rental Agreement (Show More)

 Bangalore , Chudenapura

 View Answers by this Partner (3)

 Profile Views : 31060

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 : Advocate Jamal Sait

Law Firm Name : BNS and Associates

Country : India

City : Bangalore

State : KARNATAKA

Practicing Since: 5

About Your Firm : Litigation ranging from Civil to Criminal before Competent courts in bangalore.

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 Legal & Drafting

  Lease/Rental Agreements ( Commercial Lease Agreement )
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Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by BNS and Associates :  A Will is a legal declaration. Certain formalities must be complied with in order to make a valid Will. It must be signed and attested, as required by law. If u intend to create a will in favor of any person. it is very important that you must own the property and must have a marketable title. The Problem with under construction property is that the builder has not executed a sale deed in your favor. You have just booked the property and sale becomes complete only after paying entire consideration sale amount and executing the sale deed in your favor.

Subject :  Property Fraud
Question :  I purchased 3 non-NA plots from a seller on the condition that he will NA those plots in next 3 months. After 3 months, he started making reasons that the land has some problems. He asked us to wait for some time. Now Its been 7 years and he is giving me the same reason. I requested him to at least pay the money back but he is unnecessarily delaying that for the past 1 year. The seller is neither interested in giving me the plots nor the money back. How can I file a case against that fraudulent seller? Or what could be the best way to recover my money?

Answer by BNS and Associates :  Can u please tell me what is NA? Did u and the Seller had an agreement to sale? Now u have two option 1. File a Suit for recovery of money i.e. Total amount plus Interest. 2.File a suit for specific performance of contract, where court orders the seller to abide by the Agreement to sell. As there is a land dispute i recommend you that 1. option as you can recover all the amount.

Subject :  Cost of rental agreement
Question :  What is the total cost of rental agreement including stamp paper for rental in Hebbal apartment and how much time to send

Answer by BNS and Associates :  Generally, the rental agreement is made for a period of 11 months to avoid Registration charges as required under Indian Registration Act. Stamp Paper of Rs.200 would be enough+Notary charges of around 100rs.