Commercial Property Lease Agreement - India

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Commercial Property Lease Agreement for use in India.

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This kit includes tools and guidelines to assist you in drafting a Lease Agreement for Commercial Property.

A lease for an immovable property (e.g. commercial building, etc.) is a transfer by the Lessor to a Lessee of a right to enjoy such property for a certain time period in exchange for a price paid or promised. It is important to remember that a business lease is not like a dwelling rental.

This Lease Agreement for Commercial Property is an up-to-date, legally accurate and easy-to-use form that's specifically tailored for commercial lease transactions. Because you can edit and use this form as often as you like, you get the ultimate flexibility to meet your unique business circumstances.

This Lease Agreement for Commercial Property is suitable for the occupation of most types of commercial premises such as offices, shops or industrial property.

Among others, this form includes the following key provisions:
  • Description of property for rent
  • Rent and Security Deposit
  • Covenants of Lessee and Lessor
  • Termination of lease
  • Operating Expenses
  • Liability
  • Signage
This attorney-prepared Lease Agreement for Commercial Property packet contains:
  1. Description and Instructions for Lease Agreement for Commercial Property
  2. Lease Agreement for Commercial Property for use in India
Law Compliance: This form is designed for use in India.
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Lease Agreement for Commercial Property (India)












This Packet Includes:
   1. General Description
   2. Instructions
   3. Lease Agreement for Commercial Property (India)






General Description
Lease Agreement for Commercial Property
(India)

A lease for an immovable property (e.g. commercial building, etc.) is a transfer by the Lessor to a Lessee of a right to enjoy such property for a certain time period in exchange for a price paid or promised.  It is important to remember that a business lease is not like a dwelling rental.

This Lease Agreement for Commercial Property is an up-to-date, legally accurate and easy-to-use form that's specifically tailored for commercial lease transactions. Because you can edit and use this form as often as you like, you get the ultimate flexibility to meet your unique business circumstances.

This Lease Agreement for Commercial Property is suitable for the occupation of most types of commercial premises such as offices, shops or industrial property.

In a lease agreement there is a transfer of interest and it establishes that the tenant will not be evicted by the owner except on the grounds of eviction mentioned under the Rent Act.





Instructions
Lease Agreement for Commercial Property
(India)

Essentials of the Lease:

   A lease includes provisions regarding the duration of the lease, the time of commencement, the amount of rent or premium, if any, the time of payment and the covenants between the lessor and the lessee upon which the lease should be granted.

   A lease may be from year to year, month to month, or in perpetuity.

   A lease of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent, can be made only by a registered instrument.  All other leases of immovable property may be made either by a registered instrument or by an oral agreement accompanied by delivery of possession.

   Where a lease of immovable property is made by a registered instrument, such instrument, or where there are more instruments than one, each such instrument, must be executed by both the lessor and the lessee.

   Stamp duty on the Sale deed differs from state to state which can be ascertained from the Sub-Registrar of the state or region where the document has to be registered.

   All the documents or instruments to be registered have to be accompanied by a prescribed registration fee as per the state or region where it has to be registered.










DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only a lawyer/advocate/solicitor/barrister can provide legal advice.  A lawyer/solicitor/barrister should be consulted for all serious legal matters.  No Lawyer-Client / Solicitor-Client /Advocate-Client relationship is created by use of these materials.  
THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. 

The use of these materials is subject to the “Terms and Conditions” found at findlegalforms.com.



LEASE AGREEMENT FOR COMMERCIAL PROPERTY


THIS LEASE AGREEMENT (“Agreement”) is made at ____ this _____ day of ________,200_, between _______, son of ________ resident of ________ (hereinafter called "the Lessor", which expression shall, unless repugnant to the context and meaning include his heirs, successors, administrators and assigns) of the ONE PART and ________________ a company incorporated under the Companies Act, 1956 and having its registered office at ________[OR _______, son of ________ resident of ________ ] (hereinafter called "the Lessee", which expression shall, unless be repugnant to the context and meaning, include its successors and assigns) of the OTHER PART.

WHEREAS the Lessor is absolutely seized and possessed or otherwise well and sufficiently entitled to the building bearing Municipal No. _____ situated at _______________________.

AND WHEREAS on the request of the Lessee, the Lessor has agreed to grant lease in respect of the Demised Premises for a term of _____ years in the manner hereinafter appearing.

NOW THIS DEED WITNESSETH AND THE PARTIES MUTUALLY COVENANT WITH EACH OTHER AS FOLLOWS:

1) Grant

In pursuance of the said Agreement and in consideration of the rent (hereinafter referred to as the Rent) hereby reserved and of the covenants, conditions and stipulations hereinafter contained and on the Lessee's part to be paid, observed and performed, the Lessor hereby grants to the Lessee for the purpose of _____________________________  the building/shop bearing Municipal No. situated at … (more particularly described in Schedule A hereto) and hereinafter called as the Demised Premises, together with all the fixtures and fittings therein, (a complete list whereof is given in Schedule B hereto) together with the electrical installations. Lessor also grants Lessee the right for the Lessee, its employees, servants, agents, customers and persons authorised by the Lessee in common with the Lessor and all the persons authorised by the Lessor to use the entrances, door-ways, entrance hall, stair cases, landings and passages in the Demised Premises for the purpose of entrance thereto. The period of this lease grant will take effect from the said date as signed by both parties and shall be for a period of _____________________,

2) Rent

In consideration of the Lessor granting lease to the Lessee, the Lessee shall pay the Lessor a monthly rent of Rs. ________ (Rupees in words) excluding water and electricity charges. The rent as above said, shall be payable by the lessee payable in advance by ___ day of respective month of the English Calendar for which the rent is due.
3) Security Deposit

The Lessee shall furnish to the Lessor interest free security deposit of Rs._________ (________________ Rupees) which will be paid by the Lessee to the Lessor at the time of physically taking the possession of the Demised Premises, to be held by the Lessor and which shall be refunded at the time of vacating the Demised Premises, by the Lessee or on termination of this lease and vacant and peaceful possession handed over by the Lessee to the Lessor.

4) Covenants of Lessee

The Lessee hereby covenants with the Lessee that Lessee shall :

A) Pay the Rent as aforesaid on the days and in the manner aforesaid.

B) Pay rates, taxes, assessment, duties, cess, impositions, outgoings and burdens whatsoever payable to State of _____ Municipal Corporation of____ local or other authority, which may at any time or from time to lime during the term hereby created be imposed or charged upon the Demised Premises.

C) Pay the electricity bills for the electricity consumed for lighting the Demised Premises and for operation of Air Conditioners, Fans, Computers and electrical appliances in the Demised Premises.

D) Not make any structural alterations into or upon the Demised Premises or make any alterations or addition to the external appearance or any part of the Demised Premises without the previous consent of the Lessor in writing.

E) Use the Demised Premises for ___________ purposes of the Lessee.

F) Not cause or do anything that which may be or become a nuisance or annoyance to or in any way interfere with the quiet or comfort of the Lessor or other lessees and occupiers of the said building.

G) Not keep or permit to be placed or kept on the Demised Premises any offensive, dangerous or highly inflammable or explosive material or any other article or things, which may constitute a danger, nuisance or annoyance to the demised or surrounding premises or the owners or occupiers thereof.

H) Not sub-let, transfer, assign or part with the possession of the Demised Premises or any part thereof.

I) Permit the Lessor, his servants, employees or agents duly authorised by him to enter into and upon the Demised Premises at all reasonable times for inspecting the condition of the Demised Premises or doing such works or things as may be required or necessary for any repairs, alteration, servicing or improvements to the Demised Premises.

J) Hand over the peaceful possession of the Demised Premises on the expiration of the sooner determination of the Agreement together with all the Lessor's fixtures and fittings in as good condition as received, fair wear and tear, damage by fire, acts of God, riots or other civil commotion, war, enemy action and/or other cause not within the control of the Lessee, being excepted.

K) Not hinder or obstruct the passage to the entrance hall, entrances, doorways, passages, staircase or lifts.

L) Insure and keep the Demised Premises insured against loss or damages by fire with an insurance company approved in writing by the Lessor for an amount which shall be not less than Rs. ______ unless otherwise agreed to in writing between the parties.

M) Carry minor repairs in the Demised Premises not exceeding  the extent of Rs. ____ per year.

N) Replace all broken fittings and fixtures by equally good or better substitutes.

O) Lessor shall be liable to undertake all the day to day repairs of the electricity, sanitary and water supply.


5) Covenants of Lessor

The Lessor hereby covenant with the Lessee that Lessor shall:

A) That on the Lessee paying the Rent on the due dates thereof and in the manner herein provided and observing and performing the covenants, conditions and stipulations herein contained and on his part to be observed and performed, shall peaceably and quietly hold, possess and enjoy the Demised Premises during the term without any interruption, disturbance, claim and demand by the Lessor or any person lawfully claiming under or trust for the Lessor.

B) Keep the interior, exterior of the Demised Premises, the drainage thereof and the water pump in good and tenantable repair and condition.

C) Keep the entrance, door-ways, entrance halls, staircases, lobbies and passages in the said building leading to Demised Premises well and sufficiently cleaned and lighted at his own expenses.

D) Provide, at its expense, to or for the Demised Premises, adequate heat, electricity, water, air conditioning, replacement light tubes, trash removal service, and sewage disposal service, in such quantities and at such times as is necessary to Lessee's comfortable and reasonable use of the Premises, from 8 a.m. to 6 p.m., Monday through Saturday.  

E) Provide in the Demised Premises, at Lessor's expense, the following janitorial services: cleaning five (5) days per week; trash disposal five (5) days per week; vacuuming of carpets twice per week; cleaning of lighting fixtures twice per year; cleaning of windows (interior and exterior) three (3) times per year; replacement of light tubes and bulbs as required.

F) Shall entitle Lessee to erect fittings, fixtures, wooden partitions, cabins or make any such addition or alteration, as may be necessary for its use by the Lessee; provided that the Lessee shall remove the said fittings, fixtures, wooden partitions, cabins, additions or alterations and restore the Demised Premises to the Lessor on the expiry of the term or sooner determination of the lease in the same condition as existed before making such changes.


6) Termination

A) The Lessee shall have an option of terminating this Lease Agreement by giving _____months notice. However, this option can be exercised only after expiry of the first _____ months, alternatively after payment of ___ months minimum rent. On doing so the Lessor shall return to the Lessee all unadjusted money paid to him in the form of advance rent or security deposit.

B) It is agreed that if the Lessee commits a breach of the terms by doing any structural changes in the premises or non-payment of Rent etc., the Lessor shall be entitled to revoke the lease granted after giving the Lessee ______one months written notice to remedy the breach complained of. On expiry of the said period of one month, the Lessor shall have the right to terminate the Agreement if the Lessee has not remedied the breach complained of.

C) In case the Lessee does not vacate the premises on the expiry of the lease period, the Lessee shall pay a daily charge of Rs. ________ extra as penalty to the Lessor till the date of vacation of the Demised Premises. This penalty shall be without prejudice to the right of the Lessor to take steps to take the possession of the Demised Premises.

D) All keys belonging to the Demised Premises shall be handed over to the Lessee at the time of signing of the Agreement which the Lessee shall return to the Lessor on the expiry or the termination of the Agreement.
7) Operating Expenses
A) Lessee shall pay the maintenance charges at the rate of Rs. _____ (Rupees ___________ only) per square foot of chargeable area of the Demised Premises, i.e., the area admeasuring _______ square feet of the Demised Premises from the Commencement Date till the Expiry Date, per month. In the event Lessee renews the Lease for a further period after the Expiration Date, the monthly maintenance charges will be enhanced to Rs. _____ (Rupees ___________ only) per square foot of chargeable area of the Demised Premises, to and including __________ [mention date].

B)  Lessee hereby agrees to pay monthly maintenance fees simultaneously with the lease rent in advance on or before the ____ day of each Lease month for which it is due.

C) Lessor shall bear and pay any maintenance charges which are over and above the rates set out in paragraph 7 A) in respect of the Demised Premises.

8) Liability

The Lessor hereby shall not be held liable responsible for any theft, loss, damage or destruction of any property of the Lessee in the Demised Premises not for any bodily injury to any person living in the Demised Premises during the occupancy of the leased premises from any cause whatsoever.

9) Signage  

Lessor reserves the right for itself or its agents to install a sign designating the Building and/or Parcel for sale or for lease, and to show the space to a prospective tenant, should Lessee not renew this lease within ninety (90) days prior to its termination date.

10)  Lighted Sign

Lessor acknowledges that Lessee is the sole owner of the lighted sign situated on the parcel of land and Building and that Lessee may enlarge or improve the sign at its present location, at Lessee's sole expense, or remove the sign at any time.

11) Miscellaneous

A) This Lease Deed shall be executed in duplicate. The original shall be retained by the Lessor and the duplicate by the Lessee.

B) The stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the Lessee.

C) Any changes or additions to a Lease Agreement should be in writing.

12) Additional terms & conditions.   (Specify “none” if there are no additional provisions.)
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

IN WITNESS WHEREOF, the Lessor has set its hand unto these presents and a duplicate hereof and the Lessee has caused its common seal to be affixed hereunder and a duplicate hereof on the day, month and year first hereinabove written.

WITNESSES 

1) _____________________         LESSOR _____________________

2) _____________________          LESSEE ______________________
 SCHEDULE A

Details of Demised Premises

SCHEDULE B
 
Fixtures and Fittings in the Premises

Number of Pages11
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#33490
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.












Lease Agreement for Commercial Property (India)












This Packet Includes:
   1. General Description
   2. Instructions
   3. Lease Agreement for Commercial Property (India)






General Description
Lease Agreement for Commercial Property
(India)

A lease for an immovable property (e.g. commercial building, etc.) is a transfer by the Lessor to a Lessee of a right to enjoy such property for a certain time period in exchange for a price paid or promised.  It is important to remember that a business lease is not like a dwelling rental.

This Lease Agreement for Commercial Property is an up-to-date, legally accurate and easy-to-use form that's specifically tailored for commercial lease transactions. Because you can edit and use this form as often as you like, you get the ultimate flexibility to meet your unique business circumstances.

This Lease Agreement for Commercial Property is suitable for the occupation of most types of commercial premises such as offices, shops or industrial property.

In a lease agreement there is a transfer of interest and it establishes that the tenant will not be evicted by the owner except on the grounds of eviction mentioned under the Rent Act.





Instructions
Lease Agreement for Commercial Property
(India)

Essentials of the Lease:

   A lease includes provisions regarding the duration of the lease, the time of commencement, the amount of rent or premium, if any, the time of payment and the covenants between the lessor and the lessee upon which the lease should be granted.

   A lease may be from year to year, month to month, or in perpetuity.

   A lease of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent, can be made only by a registered instrument.  All other leases of immovable property may be made either by a registered instrument or by an oral agreement accompanied by delivery of possession.

   Where a lease of immovable property is made by a registered instrument, such instrument, or where there are more instruments than one, each such instrument, must be executed by both the lessor and the lessee.

   Stamp duty on the Sale deed differs from state to state which can be ascertained from the Sub-Registrar of the state or region where the document has to be registered.

   All the documents or instruments to be registered have to be accompanied by a prescribed registration fee as per the state or region where it has to be registered.










DISCLAIMER:

FindLegalForms, Inc. (“FLF”) is not a law firm and does not provide legal advice.  The use of these materials is not a substitute for legal advice. Only a lawyer/advocate/solicitor/barrister can provide legal advice.  A lawyer/solicitor/barrister should be consulted for all serious legal matters.  No Lawyer-Client / Solicitor-Client /Advocate-Client relationship is created by use of these materials.  
THESE MATERIALS ARE PROVIDED “AS-IS.  FLF DOES NOT GIVE ANY EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, SUITABILITY OR COMPLETENESS FOR ANY OF THE MATERIALS FOR YOUR PARTICULAR NEEDS.  THE MATERIALS ARE USED AT YOUR OWN RISK.  IN NO EVENT WILL:  I) FLF, ITS AGENTS, PARTNERS, OR AFFILIATES; OR II) THE PROVIDERS, AUTHORS OR PUBLISHERS OF ITS MATERIALS, BE RESPONSIBLE OR LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY, OR CONSEQUENTIAL DAMAGES (INCLUDING, BUT NOT LIMITED TO, PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES; LOSS OF USE, DATE OR PROFITS; OR BUSINESS INTERRUPTION) HOWEVER USED AND ON ANY THEORY OF LIABILITY, WHETHER IN CONTRACT, STRICT LIABILITY, OR TORT (INCLUDING NEGLIGENCE OR OTHERWISE) ARISING IN ANY WAY OUT OF THE USE OF THESE MATERIALS. 

The use of these materials is subject to the “Terms and Conditions” found at findlegalforms.com.



LEASE AGREEMENT FOR COMMERCIAL PROPERTY


THIS LEASE AGREEMENT (“Agreement”) is made at ____ this _____ day of ________,200_, between _______, son of ________ resident of ________ (hereinafter called "the Lessor", which expression shall, unless repugnant to the context and meaning include his heirs, successors, administrators and assigns) of the ONE PART and ________________ a company incorporated under the Companies Act, 1956 and having its registered office at ________[OR _______, son of ________ resident of ________ ] (hereinafter called "the Lessee", which expression shall, unless be repugnant to the context and meaning, include its successors and assigns) of the OTHER PART.

WHEREAS the Lessor is absolutely seized and possessed or otherwise well and sufficiently entitled to the building bearing Municipal No. _____ situated at _______________________.

AND WHEREAS on the request of the Lessee, the Lessor has agreed to grant lease in respect of the Demised Premises for a term of _____ years in the manner hereinafter appearing.

NOW THIS DEED WITNESSETH AND THE PARTIES MUTUALLY COVENANT WITH EACH OTHER AS FOLLOWS:

1) Grant

In pursuance of the said Agreement and in consideration of the rent (hereinafter referred to as the Rent) hereby reserved and of the covenants, conditions and stipulations hereinafter contained and on the Lessee's part to be paid, observed and performed, the Lessor hereby grants to the Lessee for the purpose of _____________________________  the building/shop bearing Municipal No. situated at … (more particularly described in Schedule A hereto) and hereinafter called as the Demised Premises, together with all the fixtures and fittings therein, (a complete list whereof is given in Schedule B hereto) together with the electrical installations. Lessor also grants Lessee the right for the Lessee, its employees, servants, agents, customers and persons authorised by the Lessee in common with the Lessor and all the persons authorised by the Lessor to use the entrances, door-ways, entrance hall, stair cases, landings and passages in the Demised Premises for the purpose of entrance thereto. The period of this lease grant will take effect from the said date as signed by both parties and shall be for a period of _____________________,

2) Rent

In consideration of the Lessor granting lease to the Lessee, the Lessee shall pay the Lessor a monthly rent of Rs. ________ (Rupees in words) excluding water and electricity charges. The rent as above said, shall be payable by the lessee payable in advance by ___ day of respective month of the English Calendar for which the rent is due.
3) Security Deposit

The Lessee shall furnish to the Lessor interest free security deposit of Rs._________ (________________ Rupees) which will be paid by the Lessee to the Lessor at the time of physically taking the possession of the Demised Premises, to be held by the Lessor and which shall be refunded at the time of vacating the Demised Premises, by the Lessee or on termination of this lease and vacant and peaceful possession handed over by the Lessee to the Lessor.

4) Covenants of Lessee

The Lessee hereby covenants with the Lessee that Lessee shall :

A) Pay the Rent as aforesaid on the days and in the manner aforesaid.

B) Pay rates, taxes, assessment, duties, cess, impositions, outgoings and burdens whatsoever payable to State of _____ Municipal Corporation of____ local or other authority, which may at any time or from time to lime during the term hereby created be imposed or charged upon the Demised Premises.

C) Pay the electricity bills for the electricity consumed for lighting the Demised Premises and for operation of Air Conditioners, Fans, Computers and electrical appliances in the Demised Premises.

D) Not make any structural alterations into or upon the Demised Premises or make any alterations or addition to the external appearance or any part of the Demised Premises without the previous consent of the Lessor in writing.

E) Use the Demised Premises for ___________ purposes of the Lessee.

F) Not cause or do anything that which may be or become a nuisance or annoyance to or in any way interfere with the quiet or comfort of the Lessor or other lessees and occupiers of the said building.

G) Not keep or permit to be placed or kept on the Demised Premises any offensive, dangerous or highly inflammable or explosive material or any other article or things, which may constitute a danger, nuisance or annoyance to the demised or surrounding premises or the owners or occupiers thereof.

H) Not sub-let, transfer, assign or part with the possession of the Demised Premises or any part thereof.

I) Permit the Lessor, his servants, employees or agents duly authorised by him to enter into and upon the Demised Premises at all reasonable times for inspecting the condition of the Demised Premises or doing such works or things as may be required or necessary for any repairs, alteration, servicing or improvements to the Demised Premises.

J) Hand over the peaceful possession of the Demised Premises on the expiration of the sooner determination of the Agreement together with all the Lessor's fixtures and fittings in as good condition as received, fair wear and tear, damage by fire, acts of God, riots or other civil commotion, war, enemy action and/or other cause not within the control of the Lessee, being excepted.

K) Not hinder or obstruct the passage to the entrance hall, entrances, doorways, passages, staircase or lifts.

L) Insure and keep the Demised Premises insured against loss or damages by fire with an insurance company approved in writing by the Lessor for an amount which shall be not less than Rs. ______ unless otherwise agreed to in writing between the parties.

M) Carry minor repairs in the Demised Premises not exceeding  the extent of Rs. ____ per year.

N) Replace all broken fittings and fixtures by equally good or better substitutes.

O) Lessor shall be liable to undertake all the day to day repairs of the electricity, sanitary and water supply.


5) Covenants of Lessor

The Lessor hereby covenant with the Lessee that Lessor shall:

A) That on the Lessee paying the Rent on the due dates thereof and in the manner herein provided and observing and performing the covenants, conditions and stipulations herein contained and on his part to be observed and performed, shall peaceably and quietly hold, possess and enjoy the Demised Premises during the term without any interruption, disturbance, claim and demand by the Lessor or any person lawfully claiming under or trust for the Lessor.

B) Keep the interior, exterior of the Demised Premises, the drainage thereof and the water pump in good and tenantable repair and condition.

C) Keep the entrance, door-ways, entrance halls, staircases, lobbies and passages in the said building leading to Demised Premises well and sufficiently cleaned and lighted at his own expenses.

D) Provide, at its expense, to or for the Demised Premises, adequate heat, electricity, water, air conditioning, replacement light tubes, trash removal service, and sewage disposal service, in such quantities and at such times as is necessary to Lessee's comfortable and reasonable use of the Premises, from 8 a.m. to 6 p.m., Monday through Saturday.  

E) Provide in the Demised Premises, at Lessor's expense, the following janitorial services: cleaning five (5) days per week; trash disposal five (5) days per week; vacuuming of carpets twice per week; cleaning of lighting fixtures twice per year; cleaning of windows (interior and exterior) three (3) times per year; replacement of light tubes and bulbs as required.

F) Shall entitle Lessee to erect fittings, fixtures, wooden partitions, cabins or make any such addition or alteration, as may be necessary for its use by the Lessee; provided that the Lessee shall remove the said fittings, fixtures, wooden partitions, cabins, additions or alterations and restore the Demised Premises to the Lessor on the expiry of the term or sooner determination of the lease in the same condition as existed before making such changes.


6) Termination

A) The Lessee shall have an option of terminating this Lease Agreement by giving _____months notice. However, this option can be exercised only after expiry of the first _____ months, alternatively after payment of ___ months minimum rent. On doing so the Lessor shall return to the Lessee all unadjusted money paid to him in the form of advance rent or security deposit.

B) It is agreed that if the Lessee commits a breach of the terms by doing any structural changes in the premises or non-payment of Rent etc., the Lessor shall be entitled to revoke the lease granted after giving the Lessee ______one months written notice to remedy the breach complained of. On expiry of the said period of one month, the Lessor shall have the right to terminate the Agreement if the Lessee has not remedied the breach complained of.

C) In case the Lessee does not vacate the premises on the expiry of the lease period, the Lessee shall pay a daily charge of Rs. ________ extra as penalty to the Lessor till the date of vacation of the Demised Premises. This penalty shall be without prejudice to the right of the Lessor to take steps to take the possession of the Demised Premises.

D) All keys belonging to the Demised Premises shall be handed over to the Lessee at the time of signing of the Agreement which the Lessee shall return to the Lessor on the expiry or the termination of the Agreement.
7) Operating Expenses
A) Lessee shall pay the maintenance charges at the rate of Rs. _____ (Rupees ___________ only) per square foot of chargeable area of the Demised Premises, i.e., the area admeasuring _______ square feet of the Demised Premises from the Commencement Date till the Expiry Date, per month. In the event Lessee renews the Lease for a further period after the Expiration Date, the monthly maintenance charges will be enhanced to Rs. _____ (Rupees ___________ only) per square foot of chargeable area of the Demised Premises, to and including __________ [mention date].

B)  Lessee hereby agrees to pay monthly maintenance fees simultaneously with the lease rent in advance on or before the ____ day of each Lease month for which it is due.

C) Lessor shall bear and pay any maintenance charges which are over and above the rates set out in paragraph 7 A) in respect of the Demised Premises.

8) Liability

The Lessor hereby shall not be held liable responsible for any theft, loss, damage or destruction of any property of the Lessee in the Demised Premises not for any bodily injury to any person living in the Demised Premises during the occupancy of the leased premises from any cause whatsoever.

9) Signage  

Lessor reserves the right for itself or its agents to install a sign designating the Building and/or Parcel for sale or for lease, and to show the space to a prospective tenant, should Lessee not renew this lease within ninety (90) days prior to its termination date.

10)  Lighted Sign

Lessor acknowledges that Lessee is the sole owner of the lighted sign situated on the parcel of land and Building and that Lessee may enlarge or improve the sign at its present location, at Lessee's sole expense, or remove the sign at any time.

11) Miscellaneous

A) This Lease Deed shall be executed in duplicate. The original shall be retained by the Lessor and the duplicate by the Lessee.

B) The stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the Lessee.

C) Any changes or additions to a Lease Agreement should be in writing.

12) Additional terms & conditions.   (Specify “none” if there are no additional provisions.)
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

IN WITNESS WHEREOF, the Lessor has set its hand unto these presents and a duplicate hereof and the Lessee has caused its common seal to be affixed hereunder and a duplicate hereof on the day, month and year first hereinabove written.

WITNESSES 

1) _____________________         LESSOR _____________________

2) _____________________          LESSEE ______________________
 SCHEDULE A

Details of Demised Premises

SCHEDULE B
 
Fixtures and Fittings in the Premises

Customer Reviews

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Reviews: 10


Palm Desert,

CA

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No Customer Comments


Palm Desert,

CA

Full Rating Star Full Rating Star Full Rating Star Full Rating Star Full Rating Star
Excellent experience. Googled free commercial lease and found a few. In actual fact when you had spent time filling them in, when you got to the print bit it asked for card details. Why? Many people take up the service on a monthly basis and it saves time the try and convince you. Great if you can ever find them again. Failure to cancel results in a big monthly fee automatically being taken untill cancelled. No thanks I thought. Did the same on another site and read dubious advice in online forums. A few examples were on the web but either not appropriate or USA wording. This came editable, complete with guidance notes, etc. Very pleased. The price is more than reasonable. Full marks.


Tustin,

CA

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I thought the California Commercial Lease form was easy to use and would recommend it.


Cortez,

CO

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No Customer Comments


Palm Desert,

CA

Full Rating Star Full Rating Star Full Rating Star Full Rating Star Full Rating Star
Very easy for me to enter the details to personalise it to our transaction, (took 10 minutes maximum). Fully satisfied the requirements of those it was submitted to, including the financial institution legal specialists.


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