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Lease Deed - Commercial Property
A Commercial Lease Deed is a rental agreement used to lease or rent out a business property for commercial use. The rental agreement or lease deed is a legal document which lays out the prescribed terms and conditions under which the rented property is leased out. A Lease deed can be used by the lessor or lessee in case of any disputes or any other reasons in future during the lease term.
A Lease deed must contain information about the lessor, lessee, tenure of lease, lease payments payable and other terms to be followed by the lessee and lessor during the lease term. Unlike Residential Lease Deed, a commercial lease agreement assumes the property is being used for business purposes and not for residential living.
ComplianceIndia can help you obtain your draft format of Lease Deed for leasing or renting Commercial Property quickly and hassle-free.
How to proceed?
We will provide the draft format on request which can be used by the lessor or lessee to prepare and finalise Lease Deed for use of Commercial Property. The lease deed must be printed on a Non-Judicial Stamp Paper. The value of the non-judicial stamp paper or stamp duty payable on the lease agreement would depend on the State and the value of the lease payable as per the lease agreement. Two copies of the lease deed are usually executed, with each party retaining one of the original copies.
Let us provide a draft personalized and customized copy of Lease Deed for Commercial Property to you based on your needs.