Commercial Lease Agreement

What this is

A lease for a shop, office, warehouse, clinic, restaurant or other commercial premises, drafted to the commercial terms you have agreed - rent, escalation, lock-in, fit-out, permitted use, exit and renewal - and to the registration and stamp rules of your state. It is for owners and businesses on either side. Our panel advocate drafts and reviews the lease and delivers it signed on letterhead; stamping and registration are separate steps we explain.

What you get

A commercial lease deed drafted, reviewed and signed by our panel advocate on letterhead, covering the parties and their authority, the premises and common areas, term, rent, escalation and rent-free or fit-out period, deposit, lock-in and early exit, permitted use and licences, maintenance, repairs and structural work, signage, parking, utilities and taxes, insurance, assignment and subletting, renewal, termination and handover, and dispute resolution. Delivered ready for execution, with a note on stamp duty and the compulsory registration of a lease of a year or more. Stamp duty and registration charges are not included.

How it works

1. 1Upload the papersOwnership proof, incorporation or registration documents of both sides, and any term sheet or letter of intent. We pre-fill the parties and the premises.
2. 2Confirm the commercial termsRent, escalation, deposit, term, lock-in, fit-out period, permitted use and who pays which outgoings.
3. 3Answer the advocate's questionsWho owns the premises and who is authorised to sign, whether the use is permitted under local rules, whether fit-out and structural changes are needed, and what happens on exit.
4. 4PayPay the fee.
5. 5Advocate drafts and signsOur panel advocate drafts the lease and signs it on letterhead.
6. 6Lease is deliveredYou receive the lease for execution, with the stamping and registration note.

What to have ready

• ID and address proof of every partyAadhaar, PAN, passport or voter ID for each person signing; incorporation certificate and board resolution or authority letter if a company, firm or LLP.
• Ownership or title proof of the premisesSale deed, allotment, or head lease; NOC from bank or society if applicable.
• Incorporation and authority documents (if you have it)Certificate of incorporation, partnership deed, board resolution or authority letter for each side.
• Term sheet, LOI or email trail (if you have it)The commercial terms agreed.
• Floor plan or premises layout (if you have it)With area and parking marked.
• Fit-out plan (if you have it)If structural work is planned.
• Occupancy certificate, trade licence or society NOC (if you have it)If available or relevant to permitted use.

What this is based on

• Transfer of Property Act 1882 (1882)
• Registration Act 1908. (1908)
• state Stamp Act
• Specific Relief Act 1963 (1963)