A Commercial Lease Deed is a legal contract that governs the rental or lease of commercial property. It details the agreed-upon terms between the landlord and tenant, such as rent, lease duration, permitted property usage, and each party’s responsibilities. This document ensures both parties have a clear understanding of their rights and obligations, offering legal protection throughout the lease term.
The Commercial Lease Agreement plays a crucial role in resolving disputes between the lessor and lessee. It must be printed on Non-Judicial Stamp Paper, valued at Rs. 100 or more. Usually, the agreement is signed after the payment of a security deposit, with two original copies executed—one for each party to keep for their records.
Have a Lease Deed – Commercial tailored to your business needs, crafted from the ground up by our expert lawyers. Schedule a free consultation call to discuss its importance and ensure the document is customized to perfectly meet your requirements.
