A Commercial Lease Deed is a legal document created for renting or leasing commercial property. It outlines the specific terms and conditions agreed upon between the landlord and tenant, such as rent amount, duration, permitted use, and responsibilities of both parties. This agreement ensures clarity and legal protection for both sides during the lease term.
The lease agreement serves as a key document in resolving disputes or issues between the lessor and lessee. It must be printed on Non-Judicial Stamp Paper worth Rs. 100 or more. Typically, the agreement is signed upon payment of a security deposit, with two original copies executed—one retained by each party.
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