Ram Nandan Verma
RAM NANDAN VERMA
18 Years Exp
Commercial Shop Rental Agreement (Show More)
Purnia , Bhatta Bazar
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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 : RAM NANDAN VERMA
Law Firm Name : Ram Nandan Verma
Country : India
City : Purnia
State : BIHAR
Practicing Since: 2008
About Your Firm : I have been in banking sector for a life time in bank of baroda purnia, now i have purt my services in banking as well by providing my experience and service in banking sector as a consultant lawer and in adjoined field as well.
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