Online Commercial Lease Agreement
Online Commercial Lease Agreement
What is a Commercial Lease Agreement
A commercial lease agreement may sometimes just be referred to as an agreement but it is a lot more than that. Although it does bind an owner and a tenant in which the latter is allowed to use premises in exchange for rent, a commercial agreement can only be used if the property is to be used for income generation. The agreement like all others states the terms and conditions that rule the relationship between both parties.
A well-drafted commercial property lease agreement helps promote clarity and understanding among both parties. It serves as a legal protector of rights. Since it is drafted by all the parties involved, it can be heavily customised. It also features a few clauses that serve as financial protectors.
Essential Elements of a Commercial Lease Agreement
Every lease agreement, whether commercial or residential, states numerous clauses/terms. These are put in place to help carry out the tenancy transaction harmoniously and properly. The most common elements present in all commercial agreements are listed below.
Component |
Meaning |
| Parties | It identifies all the individuals entering the agreement. |
| Property Description | A summary of the property and its surroundings. |
| Lease Term | The period for which the agreement is legally valid. |
| Rent and Fees | States the rental amount and additional fees like security deposits and advances. |
| Maintenance and Repairs | Segregates maintenance duties between the parties. |
| Property Use | States the allowed uses and restrictions, if any |
| Termination and Renewal | Outlines the circumstances and processes to end or extend the contract term |
| Liability and Insurance | States the insurance and liability requirements for all parties involved. |
| Dispute Resolution | Speaks of methods like arbitration and mediation to help resolve issues between owners and tenants. |
Our Services
NoBroker doesn’t just help you draft a commercial land lease agreement. The complete package provides a lot more value. Our services ensure that your agreement just needs to be signed by all the parties once we are done with it. Here’s how you can use NoBroker to your benefit:
- Comprehensive Lease Drafting: Every lease agreement is drafted with care and while keeping in mind the specific business requirements.
- Lease Review and Analysis: An in-depth study of past and ongoing agreements to ensure that the new agreement follows suit.
- Negotiation Support: Assistance in the negotiation process with landlords or tenants to draft the best possible clauses.
- Legal Compliance: Ensuring that every commercial property lease agreement complies with local, state and central laws.
Why Choose NoBroker?
NoBroker has been a top player in the real estate industry for quite some time. Being a household brand has helped us truly understand your pain points and how to eradicate them. The NoBroker online services about commercial lease agreements are a go-to because:
- Expertise: Our legal team comprises specialised working professionals who are experts in commercial real estate. Add this to our extensive experience in the same field and you’ve got unmatched exposure.
- Customisation: Each commercial property tenancy agreement is tailored to the specific needs of the client. We use the clients’ feedback to fine-tune every document until they are satisfied with the result.
- Efficiency: NoBroker always ensures a quick turn-around time which does not compromise quality at any stage.
- Client Testimonials: Our past clients are always kind enough to leave us many reviews and testimonials which help us improve and feel appreciated, nonetheless.
Our Process
Simply putting down your points on paper is not what NoBroker does. The process employed by us is streamlined and thorough, which ensures top-tier quality and accuracy. Here are the steps we use to get the best results:
- Consultation: The initial meeting/conversation helps us clearly understand your needs and requirements and how to deliver them. Important pointers like the parties involved, rental amount, term duration, etc are clarified in this stage.
- Drafting/Review: The first draft is created with the utmost care and attention while keeping the main pointers in mind.
- Feedback and Revisions: Once the first draft is presented to the client, we get the necessary feedback needed to conduct the final revisions and edits. This is the fine-tuning stage where minor changes are made to satisfy every single client.
- Finalization: Once everything is in place and all parties are satisfied, we deliver the commercial lease agreement to the client which is ready to be signed and used.
A commercial lease agreement is not just a document mandated by law but it serves many other purposes. It helps set clear terms and conditions for both parties to uphold during the tenancy and also comes in handy to resolve disputes.
Commercial leasing is becoming increasingly popular at every scale. Indian businesses are expanding at an unprecedented rate and the need for commercial business lease agreement is at an all-time high. Thanks to NoBroker, you can now get them drafted online by simply sharing your requirements. Our team of experts will assist you all the way through and ensure 10% satisfaction. So log on today and benefit from our end-to-end support.