Lexim Associates

 Lexim Associates

 20 Years Exp

 Commercial Shop Rental Agreement (Show More)

 Mumbai , Bazargate

 View Answers by this Partner (1)

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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 : Lexim Associates

Law Firm Name : Lexim Associates

Country : India

City : Mumbai

State : MAHARASHTRA

Practicing Since: 2005

About Your Firm : LEXIM Associates and its versatile team of skilled lawyers practice law with a rare passion. We are a full service law firm committed to proficient brilliance, personal and high quality support and effective solution-oriented advocacy. Our approach is simple, direct and uncompromising pursuit of resolution and results for our clients. Our client's success is eventually our own. LEXIM Associates strives to maintain the highest standards of professional responsibility in all its engagements. The firm strongly believes in providing pro bono legal services and has committed firm resources to the representation of organizations and individuals in various areas of law on numerous occasions. Attorney’s at LEXIM Associates work together in well-integrated manner to maintain and enhance their technical expertise and to reinforce and support one another in achieving client objectives.? ?

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
Jairam Chandnani
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State
Ashish Gupta

 

  Legal Opinion/Title Certification ( Apartment/Builder Floor )
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Subject :  Drafting a Will
Question :  Can i specify an under construction property in the Will? The property will be delivered only after a year. But i want to register the Will now by bequeathing my properties to my son. Is that possible?

Answer by Lexim Associates :  Yes. You can do that. All properties, movable, immovable of which testator is the owner and which are transferable can be disposed of by will. The Testator can also bequest all known and unknown rights, title and interest, that the testator dies possessed of.