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SARAVANA
SARAVANAKUMAR
16 Years Exp
Commercial Shop Rental Agreement (Show More)
Coimbatore , CBE Mpl.Central Busstand
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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 : SARAVANAKUMAR
Law Firm Name : SARAVANA
Country : India
City : Coimbatore
State : TAMIL NADU
Practicing Since: 2010
About Your Firm : We handling legal opinions and vetting of documents
| 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 |
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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 SARAVANA : If the period of rent agreement is less than 1 year, the agreement need not be registered and typed on a twenty rupees stamp paper and the period of rent agreement is more than 1 year, the registration and stamp charges are calculated on the basis of advance amount as per the concerned state registration fees rules.
