Residential leases are contracts signed between owner of a property and a potential tenant who wishes to occupy the property for a period of more than eleven (11) months. Such leases are often very similar to typical short term rental agreements with a difference only duration or period of contract.

Residential leases signed for long periods of time often have clauses which are exactly the same as that of conventional rental deeds. The format followed too is pretty much the same. Some of the important clauses in a long term residential lease include-

    Duration of the contract
    Rent, security deposit and maintenance charges
    Consequences of breaching the contract
    Code of conduct expected from owner and tenant
    Method to be followed in case a dispute arises
    Conditions of contract renewal

Residential leases have to be drafted with care to make sure that future legal battles do not ensue between the owner and tenant. This means that the lease has to be comprehensive enough to leave no room for loopholes.

Whether you are an international retailer or an independent local seller, Retail Spaces Specially Mall Leasing can provide your business with the ideal solution to enhance your sales through leasing in Tier1 cities and also in upcoming cities and towns across the country.

Name : Adv. Chaitali Chitalia

Law Firm Name : Independent practice

Country : India

City : Mumbai

State : MAHARASHTRA

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