Home / Lease Deed- Commercial Property
What is Lease Deed- Commercial Property ?

This lease deed is designed for leasing or renting of commercial property. Lease deed is a legal document which lays out the prescribed terms and conditions under which the property is leased out. 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. Though the relationship between the land lord and the tenant is cordial most of the time, it is good to have a written rental agreement in place if the relationship turns sour or becomes fraught with complaints and misunderstandings.

Execution of Lease Deed
  • This lease deed format can be used by the lessor or lessee for leasing 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.
Lease Deed
  • Lease deeds are agreements entered for letting out of property for more than 12 months.
  • Also, the right to ownership of the property gets transferred from the landlords to the tenants in case of a lease agreements, making it harder for the landlord to vacate a tenant. Hence, most landlords do not prefer to enter into registered lease deeds that are over 12 months.
    ...No Content