Innamuris'& Associates
Balasubramanyam Innamuri
17 Years Exp
Commercial Shop Rental Agreement (Show More)
East Godavari , Alcot Gardens
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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
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Name : Balasubramanyam Innamuri
Law Firm Name : Innamuris'& Associates
Country : India
City : East Godavari
State : ANDHRA PRADESH
Practicing Since: 2009
About Your Firm : I was practicing independent lawyer since last 10 years having versatile knowledge in reality and dealt with a variety of problems
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Legal & Drafting
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