HPSHF-LEGAL
N.P.S.HIRA
11 Years Exp
Commercial Shop Rental Agreement (Show More)
Amritsar , Amritsar G.P.O.
View Answers by this Partner (0)
Profile Views : 24459
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 : N.P.S.HIRA
Law Firm Name : HPSHF-LEGAL
Country : India
City : Amritsar
State : PUNJAB
Practicing Since: 2014
About Your Firm : A qualified lawyer having work experience in the key areas of legal /corporate I am open to work in new dimensions and areas of Law. I appear at almost all District Courts in punjab,Tribunals, punjab and haryana high court chd, and courts in Delhi. I also undertake drafting/ vetting of agreements, deeds and other documents and their subsequent registration before the concerned authorities. I have arrangements with my colleagues who also work in association. consisting of: •Handles general and corporate litigation, 138 N I Act matters, recoveries, bails and quashing matters •Litigation (Corporate, Civil & Complaint matters) – well versed with laws and court procedures. •Due-diligence (commercial and legal). •Legal research and analytical evaluation. •Advisory (Legal/Corporate/Business)/Industrial relation/employees issues. •Documentation - Drafting of all kinds of Corporate/Commercial documents and agreements/understanding.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal & Drafting
NRI Services
No Answers Found
