INDIA
Rent, lease and manage business premises in India with these fully editable template forms.
Q. Which laws in India govern business premises leases?
A. The following statutes are usually applicable on the execution and subsistence of a commercial lease agreement:
- The Indian Contract Act, 1872
- The Transfer of Property Act, 1882
- The Registration Act, 1908
- The Indian Stamp Act, 1899
- The Arbitration & Conciliation Act, 1996
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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.
$29.99
India Deed of Sublease
Sublet all or part of a commercial business premises in India with this Deed of Sublease.
- Taxes and Charges. The sublessee agrees to pay all taxes, levies and charges payable on the subleased premises proportionate to the area that the subleased premises bear in relation to the total of the leased premises.
- Indemnification. The sublessee agrees to indemnify the sublessor against any loss or costs suffered as a result of the sublessee's breach of Indian law or of the sublease or the Deed of Lease (head lease).
- Default. If the sublessee fails to pay the rent or commits any breach of the sublease or the head lease, the sublessor has the right to retake possession of the premises.
$12.49
India Leave and Licence Agreement for Business Premises
License part of your business premises to another business with this India Leave and Licence Agreement.
- Allotted Space. The licensee will occupy a specified portion of the square footage of the shop to carry on its business.
- Security Deposit. The licensee will pay an interest-free security deposit, which will be refunded at the end of the licence period, less any amounts owing to the licensor.
- Usage Fee and Charges. The licensee will pay a monthly fee for its use of the licensed area of the premises, plus a portion of the electricity bills.
- No Tenancy. The Agreement does not create a tenancy or sub-tenancy between the parties, and the licensee will have no right, title or interest with respect to the shop premises.
$12.49
