Intellisol Legal Associates
Intellisol Legal Associates
14 Years Exp
Commercial Shop Rental Agreement (Show More)
Bhopal , Amarawat Kalan
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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 : Intellisol Legal Associates
Law Firm Name : Intellisol Legal Associates
Country : India
City : Bhopal
State : MADHYA PRADESH
Practicing Since: 2011
About Your Firm : Intellisol legal consultants have extensive experience identifying legal Issues for improvement and recommending practical implementable solutions. We provide services of audits, or other engagements in accordance with standards established by any public regulatory authority in any jurisdiction. Our legal consulting approach always begins with a diagnostic. We perform an assessment of the current organization and how that organization might be optimized to further support the goals.
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Legal & Drafting
NRI Services
Realtors
Property Managers
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