Ƶ

Commercial Lease Agreement for India

Commercial Lease Agreement Template for India

A comprehensive legal document governed by Indian law that establishes the terms and conditions for leasing commercial property between a lessor (landlord) and lessee (tenant). This agreement is structured in accordance with the Transfer of Property Act, 1882, and various state-specific rent control laws, incorporating mandatory provisions for commercial tenancies in India. The document covers essential elements including rent terms, duration, maintenance responsibilities, permitted use, and compliance requirements, while addressing specific Indian legal requirements such as stamp duty and registration procedures.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Commercial Lease Agreement

Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Commercial Lease Agreement?

The Commercial Lease Agreement is a crucial legal instrument used in India when a property owner (lessor) agrees to let their commercial property to a business tenant (lessee) for commercial purposes. This document is essential for establishing clear terms and protecting both parties' interests in commercial property transactions. It must comply with various Indian legislations including the Transfer of Property Act, 1882, state-specific rent control laws, and the Registration Act, 1908. The agreement typically includes detailed provisions about rent, security deposit, maintenance, utilities, permitted use, and other operational aspects specific to commercial properties. It requires proper stamp duty payment and registration when the lease term exceeds 11 months, as per Indian law.

What sections should be included in a Commercial Lease Agreement?

1. Parties: Identification of the lessor/landlord and lessee/tenant with complete details including registration/incorporation information for companies

2. Background: Context of the lease agreement including brief property description and intent of parties

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of lease and description of the leased premises

5. Term and Renewal: Duration of lease, commencement date, and renewal terms

6. Rent and Security Deposit: Rent amount, payment terms, security deposit details, and escalation provisions

7. Taxes and Outgoings: Responsibility for property taxes, GST, maintenance charges, and utilities

8. Use of Premises: Permitted use of the premises and restrictions

9. Maintenance and Repairs: Responsibilities of parties for maintenance, repairs, and renovations

10. Insurance: Insurance requirements for both parties

11. Assignment and Subletting: Restrictions and conditions for assignment or subletting

12. Landlord's Covenants: Obligations and warranties of the landlord

13. Tenant's Covenants: Obligations and warranties of the tenant

14. Termination: Grounds for termination and procedure

15. Force Majeure: Provisions for unforeseen circumstances

16. Dispute Resolution: Process for resolving disputes including jurisdiction

17. Notices: Method and addresses for serving notices

18. Governing Law: Applicable law and jurisdiction

19. Execution: Signature blocks and witness details

What sections are optional to include in a Commercial Lease Agreement?

1. Fit-out Period: Terms for initial renovation period, used when premises require tenant modifications

2. Lock-in Period: Minimum guaranteed period of tenancy, used in long-term commercial leases

3. Common Areas: Rights and regulations regarding common areas, used for multi-tenant buildings

4. Parking: Specific parking rights and regulations, used when parking is a significant feature

5. Signage Rights: Terms for external and internal signage, important for retail premises

6. Environmental Compliance: Special environmental obligations, used for industrial or specialized commercial use

7. Service Level Agreement: Detailed maintenance and service standards, used in premium commercial properties

8. Right of First Refusal: Terms for future sale or re-lease, used in strategic locations

9. Break Clause: Early termination options, used in long-term leases

What schedules should be included in a Commercial Lease Agreement?

1. Schedule 1 - Property Description: Detailed description of premises including floor plans and measurements

2. Schedule 2 - Rent Schedule: Detailed breakdown of rent, escalations, and payment schedule

3. Schedule 3 - Handover Condition: Inventory and condition of premises at handover

4. Schedule 4 - Building Rules: Detailed rules and regulations for the building/complex

5. Schedule 5 - Maintenance Responsibilities: Detailed split of maintenance responsibilities between parties

6. Schedule 6 - Approved Alterations: Pre-approved modifications or fit-out plans

7. Appendix A - Registration Requirements: Documentation required for lease registration

8. Appendix B - Insurance Requirements: Detailed insurance coverage requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

India

Publisher

Ƶ

Document Type

Agreement Contract

Cost

Free to use
Relevant legal definitions








































Clauses








































Relevant Industries

Commercial Real Estate

Retail

Office Space

Industrial

Hospitality

Healthcare

Information Technology

Banking and Financial Services

Manufacturing

Logistics and Warehousing

Education

Professional Services

Relevant Teams

Legal

Finance

Operations

Facilities Management

Administration

Compliance

Real Estate

Risk Management

Procurement

Property Management

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Facilities Manager

Real Estate Manager

Property Manager

Legal Counsel

Operations Director

Business Development Manager

Administrative Manager

Finance Manager

Compliance Officer

Real Estate Director

Head of Operations

Company Secretary

Risk Manager

Procurement Manager

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Lease Agreement Form

An Indian law-compliant agreement establishing terms and conditions between property owner and tenant for the rental of residential or commercial property.

find out more

Evergreen Contract

An automatically renewing contract template compliant with Indian law, designed for ongoing business relationships.

find out more

Contract For Deed

An Indian law-compliant agreement where property is sold through installment payments, with the seller retaining title until full payment is received.

find out more

Bespoke Contract

A customized legal agreement tailored to specific business requirements under Indian law, incorporating both mandatory legal provisions and specialized commercial terms.

find out more

Supplementary Agreement

An Indian law-governed document that modifies or adds to an existing agreement while maintaining its core structure and legal framework.

find out more

Public Contract

An Indian law-governed agreement between a government entity and private party for public procurement, following government procurement regulations and compliance requirements.

find out more

Partnership Agreement In Written Form

A legally binding agreement under Indian law that establishes a partnership between two or more parties, defining their rights, responsibilities, and business relationship.

find out more

Business Agreement

A legally binding business agreement under Indian law establishing commercial relationships between parties, incorporating key provisions and compliance requirements.

find out more

Warrant Agreement

An Indian law-governed agreement establishing terms for issuance and exercise of warrants, complying with SEBI regulations and Companies Act requirements.

find out more

Triple Net Lease Agreement

An Indian law-governed lease agreement where the tenant is responsible for property taxes, insurance, and maintenance costs in addition to rent.

find out more

Surety Agreement

An Indian law-governed agreement where a surety guarantees the payment or performance obligations of a principal debtor to a creditor.

find out more

Subscription Agreement

An Indian law-governed agreement establishing terms for recurring access to products or services, defining rights and obligations of service providers and subscribers.

find out more

Sub Tenancy Agreement

An Indian law-compliant agreement allowing a tenant to lease their rented property to another party, subject to state-specific regulations and original lease terms.

find out more

Short Term Contract

An Indian law-governed contract for temporary employment relationships, establishing terms and conditions for fixed-duration engagements while ensuring compliance with local labor regulations.

find out more

Scheduling Agreement

An Indian law-governed framework agreement establishing terms for scheduled, recurring deliveries of goods or services with predetermined quantities and timelines.

find out more

Probationary Contract

An Indian law-governed employment agreement establishing terms for a probationary period of employment, including conditions for permanent confirmation.

find out more

Purchase Proposal

A formal document under Indian law outlining a buyer's intent to purchase specific goods or services, including key terms and conditions.

find out more

Novation Agreement (Real Estate)

An Indian law-governed agreement transferring rights and obligations under an existing real estate contract from one party to another, with the consent of all parties involved.

find out more

Novation Agreement

An Indian law-governed tripartite agreement that transfers contractual rights and obligations from one party to another, with all parties' consent.

find out more

Option Contract (Real Estate)

An Indian law-governed agreement granting exclusive rights to purchase specified real estate property within a set timeframe and price.

find out more

Material Contract

An Indian law-governed agreement establishing terms for material supply, including specifications, quality standards, and delivery terms.

find out more

Labor Contract

An Indian law-compliant employment agreement establishing terms and conditions between employer and employee.

find out more

Lease Deed

An Indian law-compliant legal document establishing terms and conditions for leasing property between a lessor and lessee.

find out more

Informal Contract

Template for creating simple, legally valid informal contracts under Indian law, suitable for small businesses and freelancers.

find out more

Individual Contract

An Indian law-governed employment contract establishing terms and conditions between employer and employee, ensuring compliance with local labor laws.

find out more

Franchise Agreement

An Indian law-governed agreement establishing a franchise relationship, granting business operation rights under the franchisor's brand and system.

find out more

Form For Independent Contractor

Standard Indian law-compliant Independent Contractor Agreement template for establishing and managing independent service provider relationships.

find out more

Encroachment Agreement

An Indian law-compliant agreement that resolves property encroachment issues between parties, establishing rights and obligations regarding the encroached property.

find out more

Executive Contract

An Indian law-governed employment agreement for executive positions, defining terms of employment, duties, compensation, and obligations in compliance with Indian corporate and labor laws.

find out more

Contingency Contract

An Indian law-governed Contingency Contract establishing obligations dependent on specified future uncertain events, structured under the Indian Contract Act, 1872.

find out more

Consent Agreement

An Indian law-compliant agreement documenting explicit consent for personal data collection and processing, ensuring legal data handling practices.

find out more

Business To Business Contract

An Indian law-governed contract template for establishing commercial relationships between business entities, ensuring compliance with Indian contract law and commercial regulations.

find out more

Barter Agreement

An Indian law-governed agreement facilitating the direct exchange of goods/services between parties without monetary consideration.

find out more

Master Contract

An Indian law-governed framework agreement that establishes standard terms and conditions for future specific agreements between parties.

find out more

Notarial Contract

An Indian law-governed contract formally authenticated by a licensed notary public, providing enhanced legal certainty and evidentiary value.

find out more

Basic Ordering Agreement

An Indian law-governed master agreement establishing terms and conditions for future orders between parties, streamlining recurring business transactions.

find out more

Guarantee Contract

An Indian law-governed contract where a guarantor undertakes to fulfill another party's obligations to a beneficiary upon default.

find out more

Tenancy Agreement Form

An Indian law-compliant agreement establishing terms and conditions between landlord and tenant for property rental, incorporating relevant state and central legislation requirements.

find out more

General Tenancy Agreement

An Indian law-compliant agreement establishing terms and conditions for property rental between landlord and tenant, governed by Indian property legislation and state-specific regulations.

find out more

Contract Agreement Form

A standardized contract agreement template compliant with Indian law, establishing legally binding terms between parties.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it