Armin Hohenadler

If the lease lasts longer than 11 months, the commercial lease should be registered. Especially if this is your first lease, then the appropriate space for your office or business can mark or break your benefits. Before you go out on the street looking for a location for your business or office, you need to know the backs and don`ts of the rental. LEGAL BINDING: The parties are legally obliged to comply with the condition they have agreed to the user, as stipulated in the contract, and can therefore sue each other for non-compliance. The easing of the commercial space requires significant investment, which, on the whole, is a big decision. A commercial lease should not be hastily processed like most other legal agreements. This is why it is important to explore the market in depth and to have a fair idea of the types of commercial rents available in India, when commercial space is leased for the first time. In order to protect the benefits of the „lessor and tenant“, a general commercial lease is very important for an excellent professional relationship between the two parties (renters and tenants). With the exception of a few items, the modified gross rent is entirely linked to a total rent. There is room for compromise between the parties.

However, the rent is required by the tenant on a lump sum. Contracting parties can negotiate costs for which expenses such as services and electricity are cancelled. You need to explore different real estate options on the market while entering into a commercial agreement, talking to the right owners and consulting better with our accountants to assess the terms of a commercial lease. The provisions of the Transfer of Ownership Act of 1882 are relevant to commercial leases and their premises. The rental or rental agreement is written on a stamp paper. There are 2 types of rentals in India, one is a lease that lasts at least 12 months. This is governed by the rent control laws enacted by the state government.