
Hemanth & Associates
Hemanth S
23 Years Exp
Commercial Shop Rental Agreement (Show More)
Bangalore , Malleswaram
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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 : Hemanth S
Law Firm Name : Hemanth & Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 2002
About Your Firm : A thorough understanding of the Property and Real Estate sector and vast experience in dealing with corporations, organizations and individuals gives our team the expertise to advise clients on various aspects of property transactions in India and particularly in Bangalore.??We advise clients and prepare legal documentation for the purchase, sale, lease, rent, mortgage, development, joint venture, construction and in all transactions related to the properties including commercial, industrial, agricultural and residential. We also advise client on the applicable local laws, stamp duties, registration requirements and regulatory and statutory approvals.??Our real estate and property service includes: Due diligence for property purchase Title search Title opinion on property/documentation Legal scrutiny Legal documentation Registration Formation of societies and welfare associations Regulatory and Statutory compliance's We have rich experience in property and real estate litigation. Our property and real estate litigation matters include: Title disputes Landlord and Tenant disputes Attachment of property Disputes under specific performance and transfer of property laws Partition and division of property Land use regulations Land acquisition and dispositions
Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
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Hemanth | kar/1527/2002 | |
Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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