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Document Id : 6594
File Type : Microsoft Word
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India Deed of Lease for Commercial Property in Mumbai
Draw up a Deed of Lease for a commercial business premises in Mumbai, India, with this contract template.
- Deposit. The tenant must pay an interest-free refundable security deposit prior to taking possession of the premises.
- Utilities and Services. The landlord will provide utilities, air conditioning, parking, elevators, fire system, and a diesel generating set as a backup power source.
- Operating Expenses. Operating expenses and maintenance charges are calculated per square foot of chargeable area in the premises. The operating expenses pay for security, housekeeping, pest control, road and pathway maintenance, equipment maintenance and repair, and electrical maintenance.
- Holding Over. If the tenant remains in the premises after the expiration of the lease, the lease converts to a monthly tenancy.
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