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Importance of the Commercial Lease Deed

Author: Vikas Bansal
by Vikas Bansal
Posted: Jul 01, 2016

The Commercial real estate market in India has been growing by every single day; this is because the rate of the other properties is way more expensive as compared to the commercial lease properties. Also the rate of investment as well as the amount of investment needed in the lease commercial market is less as compared to the traditional property investment market. This has greatly influenced both the investors of the country as well as the investors from foreign countries.

People have seen the tremendous amount of returns and growth by making investments in the Commercial lease properties. But due to the high amount of struggle and competition in the Indian business market, people tend to trap the investors in the deals to earns money and the investors gets into the wrong deal with heavy losses in the upcoming future.

Importance of the Lease Deed Agreements:

One thing that can save us from getting trapped in the wrong deals is the Commercial Lease Deed agreements. If these Commercial Lease Deed Agreements are made with proper care and keeping all the points in mind then one can be one the safer side and be safe from all the fraud deals which can cause loss situations in the future. So let us see some of the points that one should keep in mind while making the commercial lease deed agreement.

1. Title:

The title of the notice and the agreement should be kept by keeping all the things in mind. The copy of the property papers should be attached along with the agreement; this assures the originality of the leased property.

2. Rent and Extra Expenses:

The rent of the property is a predefined thing, which is decided before singing and making of the commercial lease deed agreement. The rate of rent should be mentions in bold words also the extra bills and expenses of the maintenance of the property should be mention in the lease deed agreement.

3. Service Tax and other factors:

The service tax conditions should be well verified and checked before making the deal and once you are well known of the fact then you need to mention everything on to the lease deed agreement. Some other factors that are needed to be considered are:

i. Provision of the backup Electricity.

ii. Parking area of the commercial space.

iii. Unit so the electricity.

iv. Maintenance cost of the property.

So, we can clearly see that one should be very alert and careful while making the deal in the commercial lease real estate sector and should always mention all the terms and conditions in the commercial lease deed agreement. For more information on lease agreement, please visit this website.

Author Bio:

The author is a practicing company secretary with plenty of work experience in legal field. You can find his thoughts at http://ndadrafting.livejournal.com

About the Author

The author is a practicing company secretary with plenty of work experience in legal field.

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Author: Vikas Bansal

Vikas Bansal

Member since: Jun 29, 2016
Published articles: 10

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