Shop Rent Agreement Format Download

A commercial rental agreement should typically include the following key elements:

In addition to the key elements listed above, a commercial rental agreement may also include other terms, such as:

A commercial Lease Contract is an important document that helps to protect both the landlord and tenant. It ensures that both parties are aware of their rights and responsibilities under the lease. A well-drafted commercial rental agreement can help to avoid disputes and misunderstandings down the road.

The following Indian laws are applicable to commercial rental agreements:

This agreement is made on [DATE] between:

In consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

1. Property

The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the commercial property located at [PROPERTY ADDRESS] (hereinafter referred to as the 'Premises').

2. Lease Term

The lease term shall commence on [START DATE] and shall continue for a period of [LEASE TERM] months/years (the 'Lease Term').

3. Rent

The Tenant shall pay to the Landlord a monthly rent of [RENT AMOUNT] Rupees (INR [RENT AMOUNT]) payable on the first day of each month during the Lease Term.

4. Security Deposit

The Tenant shall deposit with the Landlord a security deposit in the amount of [SECURITY DEPOSIT AMOUNT] Rupees (INR [SECURITY DEPOSIT AMOUNT]) on or before the commencement of the Lease Term. The security deposit shall be refunded to the Tenant within [NUMBER] days of the termination of the Lease Term, less any amounts due to the Landlord for unpaid rent, damages to the Premises, or other charges as permitted by law.

5. Utilities

The Tenant shall be responsible for the payment of all utilities used in connection with the Premises, including water, electricity, gas, and trash removal.

6. Maintenance and Repairs

The Landlord shall be responsible for all maintenance and repairs to the Premises, except for repairs caused by the negligence or willful misconduct of the Tenant.

7. Use Restrictions

The Tenant shall use the Premises for [PERMITTED USES] and no other purpose. The Tenant shall not sublet or assign this Lease without the prior written consent of the Landlord.

8. Termination

Either party may terminate this Lease at any time by providing [NUMBER] days' written notice to the other party. The Landlord may also terminate this Lease if the Tenant fails to pay rent or otherwise breaches any of the terms of this Lease.

9. Governing Law

This Lease shall be governed by and construed in accordance with the laws of India.

10. Entire Agreement

This Lease constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous communications, representations, or agreements, whether oral or written.

IN WITNESS WHEREOF, the parties have executed this Lease as of the date first written above.

[LANDLORD SIGNATURE]

[LANDLORD NAME]

[TENANT SIGNATURE]

[TENANT NAME]

Note: This is just a sample format and may need to be modified to suit the specific needs of the parties. It is also advisable to have the agreement reviewed by an attorney before signing it.

Both the landlord and the renter are required to abide by this agreement or document. The contract or agreement duration may also be extended if the property owner so chooses. Document can be altered as per the understanding of both the tenant and the owner. This notarised agreement is not legally binding unless it is registered. Therefore, the renter must pay stamp duty and registering fees on the agreement in order to register it. Get in touch with Vakilsearch to complete the whole process of drafting a rental agreement aptly. Our team can provide the first draft quickly and also support the following amendments.

Disclaimer: This shop lease agreement format provides a ready-made template that can be customised to meet your specific needs, ensuring all essential details are included. For ease of use, a Word format of the agreement can be utilised to create and modify the document conveniently, allowing for adjustments and personalisation as required.