COMMERCIAL LEASE AGREEMENT
Secure your commercial property with professionally Drafted Lease Agreement
Expert legal advice — reply within 30 min
What is a Commercial Rent/Lease Agreement?
Commercial Rental Agreement is an AGREEMENT you use to rent commercial property to or from another individual or company. This document outlines the terms and conditions of the agreement. It will also talk about the rights and responsibilities of both the parties. A commercial lease agreement will have details of property, Owner, tenant, if there is a guarantor, monthly lease amount, Security Deposit and the total term of the agreement. Ideally it should be printed on an appropriately valued Stamp Paper and get it registered by paying appropriate registration fee. A commercial lease is wide in its approach and it has all the key details of mutually agreed rent/lease terms.
Also identified as: Commercial property lease, Commercial Rent agreement, Shop lease, Factory lease, Warehouse lease, Office space lease.
How it works?
Share lease terms
Provide property details, lease duration, rent, maintenance, escalation, and lock-in period.
Lease drafting
Our lawyer drafts the commercial lease with fit-out, sub-lease, termination, and dispute clauses.
Review & negotiation
Both landlord and tenant review terms and negotiate with our lawyer as mediator.
Execution & registration
Final lease on stamp paper — guidance on registration if lease exceeds 11 months.
Contents of a Commercial Lease Agreement
- Type of commercial property: State the type of commercial property like Building, Industrial, Office, Restaurant, Retail store, Warehouse
- Party information: Landlord, Tenant, Guarantor, Property manager
- Property Details: Property Map, area, Schedule, other details
- Permitted use of the property
- Parking details (if applicable)
- Term of the Agreement
- Rent details
- Mode of rent payments
- Maintenance charges details
- Security deposit details
- Property Inspection details
- Commercial Insurance
- Registration and stamp duty
- Property alterations/customizations responsibility
- Assets list in property
- Miscellaneous details
- Authorised Signatory details
- Stamp Paper
Why Legitax
- Senior Expert Lawyers: We will get your document drafted/reviewed by Senior Expert lawyers skilled in corporate laws.
- 4.7 Customer Score: Clients are delighted with our service!
- Responsible Delivery: Our team of experienced business advisors are just a phone call away.
Deliverables
- 60 Minutes of Talk-Time with the Lawyer for drafting/reviewing the Agreement
- First draft of the documents will be delivered to you within a maximum of 2 working days
- Post-delivery of the first draft – Iterations in the master Document to incorporate your suggestions/changes
Chat with us
Chat with us for all your documentation need.
Hear what our users have to say
I've been using the Legitax app and it's really made dealing with legal stuff easier. It's great how I can just open the app and quickly find a legal expert to talk to, no matter what time it is. Every time I've had a question, big or small, I've gotten easy-to-understand answers from their experts. The app is super easy to use too, which is a big plus for me. I feel more confident handling legal things now. Legitax has been a big help!
Vijay Kanoor
Bengalore, Karnataka
The Legal advice I get is straightforward and easy to understand, which is important for me. Using Legitax has taken away a lot of stress when it comes to legal matters. I definitely recommend it to anyone looking for quick and reliable legal help.
Krishnamoorthy B
Chennai, Tamil Nadu
The advocate I connected with on Legitax was incredibly helpful, clearing up many doubts I had. They offered solutions and insights into issues that were affecting my family and me. I've had such a positive experience that I wouldn't hesitate to recommend Legitax to my friends.
Bhavesh Jain
Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
Very convenient service. I needed urgent legal advice regarding a property dispute and was connected with a qualified lawyer within minutes. The consultation was thorough and the advice was practical and actionable.
Prakesh Ranjan
Patna, Bihar
Excellent platform for legal consultations. The process is seamless and the lawyers are very professional. I got my documents reviewed quickly and the feedback was comprehensive. Highly recommended for anyone needing legal assistance.
Preety Singh
Lucknow, Uttar Pradesh
Legitax made the entire process of getting legal help so much simpler. From consultation to document drafting, everything was handled professionally. The pricing is transparent and reasonable.
Arvind Pratap
Bhopal, Madhya Pradesh
I've been using the Legitax app and it's really made dealing with legal stuff easier. It's great how I can just open the app and quickly find a legal expert to talk to, no matter what time it is. Every time I've had a question, big or small, I've gotten easy-to-understand answers from their experts. The app is super easy to use too, which is a big plus for me. I feel more confident handling legal things now. Legitax has been a big help!
Vijay Kanoor
Bengalore, Karnataka
The Legal advice I get is straightforward and easy to understand, which is important for me. Using Legitax has taken away a lot of stress when it comes to legal matters. I definitely recommend it to anyone looking for quick and reliable legal help.
Krishnamoorthy B
Chennai, Tamil Nadu
The advocate I connected with on Legitax was incredibly helpful, clearing up many doubts I had. They offered solutions and insights into issues that were affecting my family and me. I've had such a positive experience that I wouldn't hesitate to recommend Legitax to my friends.
Bhavesh Jain
Jaipur, Rajasthan
I was really impressed with the quality of legal advice I received. The lawyer was patient, knowledgeable, and took the time to explain everything in detail. It felt like having a personal legal advisor at my fingertips.
Lata Sharma
Amritsar, Punjab
Very convenient service. I needed urgent legal advice regarding a property dispute and was connected with a qualified lawyer within minutes. The consultation was thorough and the advice was practical and actionable.
Prakesh Ranjan
Patna, Bihar
Excellent platform for legal consultations. The process is seamless and the lawyers are very professional. I got my documents reviewed quickly and the feedback was comprehensive. Highly recommended for anyone needing legal assistance.
Preety Singh
Lucknow, Uttar Pradesh
Legitax made the entire process of getting legal help so much simpler. From consultation to document drafting, everything was handled professionally. The pricing is transparent and reasonable.
Arvind Pratap
Bhopal, Madhya Pradesh
Frequently asked questions
A Commercial Lease Agreement is a legally binding contract between a landlord and a tenant for the rental of commercial property. It outlines the terms and conditions under which the tenant can use the property for business purposes.
Commercial Lease Agreements can cover a wide range of property types including office spaces, retail stores, restaurants, warehouses, industrial buildings, and factories.
Yes, under the Registration Act, 1908, any lease agreement for a period exceeding 11 months must be registered with the Sub-Registrar. Registration provides legal validity and can be used as evidence in court.
Key elements include details of the landlord and tenant, property description, permitted use, lease term, rent amount and payment mode, security deposit, maintenance charges, insurance, and termination clauses.