Versatile Legal
Veena R
27 Years Exp
Commercial Shop Rental Agreement (Show More)
Bangalore , Industrial Estate (Bangalore)
View Answers by this Partner (3)
Profile Views : 21290
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 : Veena R
Law Firm Name : Versatile Legal
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1998
About Your Firm : I am an advocate having 20 years experience. I have initially worked for a senior advocate for 6 years where I was responsible to take care of court matters, property title verifications, registrations, khata transfer and related services. Subsequently, I worked for two leading law firms in Bangalore for a period of 1 1/2 years post which I started practising independently from 2009 onwards. I render services in the areas of litigation, real estate and corporate documentation.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Veena R | Kar 628/1999 | Karnataka |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Legal Opinion/Title Certification ( Residential Layout )
Legal Opinion/Title Certification ( Villa Project )
Power of Attorneys ( Drafting General Power of Attorney )
Power of Attorneys ( Drafting Special Power of Attorney )
Forming Owners Associations/Societies ( Apartments )
Forming Owners Associations/Societies ( Layouts )
Legal & Drafting
Affidavits ( Gas Affidavits )
Agreements/Deeds ( Gift Deed )
Registration Assistance ( Plot )
Procure Revenue Documents ( Encumbrance Certificate )
Packages ( Sale Agreement to Registration (Apartment) )
Affidavits ( General Affidavits )
Agreements/Deeds ( Sale Agreement/Deed Review )
Registration Assistance ( Apartment )
Procure Revenue Documents ( Khata Extract )
Packages ( Legal Opinion to Registration (Apartment) )
Agreements/Deeds ( Construction Agreement Review )
Affidavits ( Other Affidavits )
Registration Assistance ( Revenue/Other Site )
Procure Revenue Documents ( Khata Certificate )
Legal Opinion (Written) ( Plots )
Agreements/Deeds ( Rectification Deed )
Property & Documents Inspection ( Plot/Site Insepction )
Lease/Rental Agreements ( Apartment Rental Agreement )
Procure Revenue Documents ( Khata Transfer )
Legal Opinion (Written) ( Apartment )
Agreements/Deeds ( Relinquishment deed )
Property & Documents Inspection ( House/Apartment Inspection )
Lease/Rental Agreements ( House Rental agreement )
Power of Attorneys ( General Power of Attorney )
Legal Opinion (Written) ( Villas )
Agreements/Deeds ( Mortgage Deed )
Property & Documents Inspection ( Documents Inspection in Builder Office )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Wills ( Make A will )
Legal Opinion (Written) ( Independent House )
Agreements/Deeds ( Exchange Deed )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
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Legal Opinion (Written) ( Revenue/Other Site )
Agreements/Deeds ( Release Deed )
Lease/Rental Agreements ( Commercial Lease Agreement )
Affidavits ( Name & Address Affidavits )
Agreements/Deeds ( Agreement of Sale )
Agreements/Deeds ( Partition Deed )
Lease/Rental Agreements ( Residential Lease Agreement )
Affidavits ( Personal Affidavits )
Agreements/Deeds ( Construction Agreement )
Agreements/Deeds ( Memorandum of Understanding )
Lease/Rental Agreements ( Room Rental Agreement )
Packages ( Legal Opinion to Registration (Plot/Site) )
Affidavits ( Student Affidavits )
Agreements/Deeds ( Sale deed )
Agreements/Deeds ( Joint Development Agreement )
Lease/Rental Agreements ( Office Sharing Agreement )
Packages ( Sale Agreement to Registration (Plot/Site) )
NRI Services
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
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 Versatile Legal : If the term of the rent is less than one year, the minimum stamp duty payable is Rs. 500/- on a rental agreement. Normally, the stamp duty is payable on the rental value and the security deposit that is paid. If the details of the property, rent and security deposit, parties addresses are sent, we could take about two hours to send the draft of the rental agreement.
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 Versatile Legal : Yes you can but incorporate the property description in detail and also specify that this property is under construction and will be delivered to you within a particular timeframe. In the event you have signed an agreement of sale with the builder, make the agreement as an annexure to the Will, so that it will not be disputed later on that the property was acquired after execution of the will.
Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Versatile Legal : Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced whereas lease of an immovable property is the transfer of a right to enjoy a property for a specified time period and can be express or implied.
In a mortgage, there is interest involved whereas in a lease, the permission to use the property is granted subject to payment of lease rent and security deposit.
