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Home / Legal / Rent Agreement / I have a shop in Mumbai client want 5 year agreement is it leeagaly safe to make the agreement pl answer me.
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I have a shop in Mumbai client want 5 year agreement is it leeagaly safe to make the agreement pl answer me.

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4 Year

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Mumbai
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-1 2020-10-07T14:07:45+00:00
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It is totally safe to make an agreement of 5 years for your commercial property. In contrast to residential rental/lease agreement, commercial lease agreements usually are made for a long tenure. On the other hand, if you want to do a Leave & License (Rent) agreement, then the maximum tenure is 5 years and cannot be exceeded. Either way, you can still make an agreement of 5 years as it is in accordance with the government rule.

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