Adv.Ambrose leo Associates & Legal Consultant
Ambrose
15 Years Exp
Commercial Shop Rental Agreement (Show More)
Bangalore , EPIP
View Answers by this Partner (4)
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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 : Ambrose
Law Firm Name : Adv.Ambrose leo Associates & Legal Consultant
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 2010
About Your Firm : Established in 2010. Offices at maharashtra and Karnataka, Practicing in Nagpur,Mumbai Maharashtra,Bangalore Karnataka High Courts. Professional & Expert in Employment and Service Matters,Central Government Courts under Ministry of Labour & Employments. Up to High Courts, Central Administrative Tribunals, Property & Civil & Criminal cases Connected,Company Law Matters Registrar of Companies Under Ministry of Corporate Affairs Under Union Of India.Consumer Forums,Co-operative courts etc.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| adv.Ambrose leo | MAH 7749/2010 | Bar Council Of Maharashtra & Goa |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
