Lease Deed

The tenant and the owner enter into Lease Deed prescribing the terms and conditions both parties ought to follow in the process of letting out the property for commercial usage. The term of the rental agreement for commercial use exceeds 12 months, and the law governing rental agreement for residential purpose and commercial purpose is separate in the Indian legal system.

eStartIndia is an online legal service platform where a team of expert legal professionals from India, offering a variety of legal services relating to Commercial rental agreement, master service agreement, consultancy agreement, legal notices, negotiable instruments, company registrations, intellectual property, tax services, personal and property services.

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Why Choose eStartIndia For Lease Deed?

This organization comprises of expert legal professionals, who use their expertise will draft a deed of lease that shall cover all the legal requirements and needs of the parties. The experience and the knowledge that our professionals hold can help you in including clauses in your agreement that shall effectively describe the relationship between the parties as well as avoid confusion or difficulties in the future.

ADVANTAGES OF LEASE DEED

LEGAL BINDING: The parties will be legally bound to follow the condition agreed by them to the user as prescribed in the Deed of lease. And therefore can sue each other for non-compliance.
IMPROVES RELIABILITY AND RESPONSIVENESS: The parties build more trust in each other which improves reliability. And more clarity will be created on who, what, when the actions have to take place.
EVIDENCE: The deed of lease made is evidence to prove the terms and conditions agreed by the parties.

Name and details of the parties.
A description of the property.
A description of commercial usage.
Electricity and other Charges.
Repair and Maintenance.
Redressal mechanisms and remedy available.
Circumstances where immediate vacating can be notified by the owner.
The rental amount and Security Deposit.
Payment mode and terms.
Signature of both the parties.

Click here to read more about the "Rental Agreement".

Registration Process

The Lease deed is created by the tenant and landlord in a Non-Judicial Stamp paper and the value of stamp paper is subject to the value of the property and the concerned state laws. The terms and conditions will be set down in the deed of lease and this shall be signed by both the parties and a copy of the deed will be kept by each of them.

Package

Basic

2499 /-

Package Includes:

Drafting a Lease Deed by Experienced Lawyers
30-minute Intro Call by Lawyer+ Start to Finish Help + Drafting a Lease Deed

(Professional Fees)

FAQs

How to prepare a deed of lease?

Collect a Non-Judicial Stamp paper for a certain value as per State law and list down the party’s details, property, details and other terms, and conditions. Get it signed by both the parties in order to execute it.

Why is it important to prepare a Deed of lease?

Any written agreement is more authentic and legally binding than oral agreements. The parties shall be more reliable to each other and when the agreement is in the written format it acts as evidence.

What is the term of a commercial rental agreement ?

The commercial rental agreement in India is made for a term exceeding 12 months.

What is a difference between residential rental agreement and commercial rental agreement ?

The difference can be spotted through the term of their agreement. The residential rental agreement is made more a term of 11 months whereas the commercial rental agreement is made for a term more than 12 months. And the law governing these agreements are separate and is under the state enacted laws.