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Streak Legals
Vijyant Nigam
23 Years Exp
Commercial Shop Rental Agreement (Show More)
Lucknow , Industria Area Chinhat
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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
Reviews
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Name : Vijyant Nigam
Law Firm Name : Streak Legals
Country : India
City : Lucknow
State : UTTAR PRADESH
Practicing Since: 2002
About Your Firm : Working in the legal field, conveyancing, litigation, drafting, vetting, agreements, MOUs, Contract, Registration, Notaries
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Vijyant Nigam | 9809/2002 | Bar Council Of Uttar PRadesh |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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Lease/Rental Agreements ( NOC From Landlord )
Legal Opinion (Written) ( Plots )
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Agreements/Deeds ( Sale Agreement/Deed Review )
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Subject : Difference between a "mortgage" and a "lease"?
Question : What is the difference between a "mortgage" and a "lease" Please explain
Answer by Streak Legals : Much difference
Mortgage means to put something as guarantee against any loan or advances from any FI, viz/ bank or financial institution.
Lease means to lease out any property by its owner to someone for a certain period of time against which the owner of the property will get rent.
