
Lexim Associates
Lexim Associates
20 Years Exp
Commercial Shop Rental Agreement (Show More)
Mumbai , Bazargate
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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.? ?
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
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Jairam Chandnani | ||
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Ashish Gupta |