Property & Rent
Commercial Rental Agreement
Commercial shop/office lease agreement format — rent escalation, lock-in period, permitted use, and fit-out clauses.
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COMMERCIAL LEASE AGREEMENT
This Lease Agreement is executed on this ____ day of ________, 20__
BETWEEN
_________________________ (hereinafter "the LESSOR")
AND
_________________________ (hereinafter "the LESSEE")
1. Premises
Commercial premises at _________________________, measuring approximately ____ sq. ft., for the purpose of _________________________ (permitted use).
2. Term & Lock-in
Lease term of ____ years from __________, with a lock-in period of ____ months.
3. Rent & Escalation
Monthly rent of Rs. ________/-. Rent shall escalate by ____% every ____ year(s).
4. Security Deposit
Interest-free refundable deposit of Rs. ________/- (____ months' rent).
5. Fit-outs
The Lessee may carry out interior fit-outs with prior written consent. All fit-outs revert to the Lessor at lease end unless otherwise agreed.
6. Termination
____ months' written notice required. Early termination during lock-in attracts ____ months' rent as compensation.
7. Registration
This agreement shall be registered as per the Registration Act, 1908, costs shared equally.
LESSOR: _________________ LESSEE: _________________
WITNESS 1: _________________ WITNESS 2: _________________
This template is a starting point, not legal advice. Adapt it to your situation and get a professional review for anything high-stakes.
