Lease agreement format for commercial property. Rent agreement format for
office space

Format of lease agreement for office space is given below. If the lease
agreement is for less than 11 months it need not be registered. If the rent
agreement is for more than 11 months it is to be registered with the
Sub-Registrar in the particular area. Lease Deed for 11 months can be prepared
on Rs. 100/- stamp paper.

 

 

LEASE DEED

This Lease Deed made at New Delhi ___ day of ____ between
Mr/Ms.____ son/daughter of ____ Resident of
____________________, (hereinafter referred to as ‘The Lessor’)
which terms shall include their heirs, successors legal
representatives and assigns of the One Part.

AND

Mr/Ms_______Son/daughter of ______________________, resident
of _____________________________________, (hereinafter  referred
to as “the Lessee”) which team shall include her legal
representatives and assigns of the Other Part.

A.  The Lessor is the lawful owner and is well seized and
possessed of or otherwise well and sufficiently entitled to all
the Flat No- _____ admeasuring ______ sq.ft. situated at
___________________, (hereinafter called ‘The Said Flat’) fully
desired in the schedule written hereunder.

B.  The Lessor has agreed to let out the said flat and the
Lessee has agreed to take the said flat on rent from the Lessor
on the following terms. Conditions and covenants?

C. The Lessee shall be responsible for payment of maintenance
cum fire fighting charges as per bills to the builder & BSES or
concerned electricity company and any other civic authorities as
may be demanded from time to time till vocation and furnish the
last paid bills to the Lessor at the times of vocation / handing
over of the flat:

 

NOW THIS AGREEMENT OF LEASE WITNESSETH AS UNDER:-

1. That in consideration of the rent received herein and of
the due observance and performance of the terms and conditions and
covenants / observed / performed and fulfilled by the Lessor and
the Lessee , the Lessor do hereby grant unto and in favour of
Lessee  the Lease of the Flat No ___________, admeasuring
______sq. ft, situated at _______________________________,
hereinafter referred to as The Said Flat fully described in the
schedule written hereunder, at a monthly rent of Rs.________/- (
Rupees ____________________only) per month to be paid by Cheque/
Cash in advance by the ____ day of each calendar month w.e.f.
_______

2. That this lease is valid for a period of One Year
effective from __/__/____ to __/__/____, rent will be increase
by _% after every year. This may be extended by mutual consent
of both parties.

3. That the Lessee shall use the said flat for commercial
purposes i.e. for their office.

4. That Lessee shall always handover on demand the copy of
the paid bills showing payment of electricity and maintenance
cum- water charges for the records and reference of the Lessor
within reasonable period of his payment The Lessor shall not be
responsible for receipt or payment of bills or disconnection in
case of default of payment.

5. That the Lessor shall be liable to pay all the taxes ,
ground rent, house tax, other charges payable to Delhi Municipal
Corporation government or any local authority in respect of the
said flat.

6. That the Lessee shall pay Rs. ____/- (Rupees
__________only) as interest free security to the Lessor against
a proper receipt refundable at the time of handover peaceful
vacant possession of demised premises/space when the Lease
Agreement comes to an end and the Lessee has removed all his
goods and effects and on clearance of all dues.

7. That the Lessee agrees to permit the Lessor and his
authorized representatives at all times to inspect the demised
flat during normal working hours.

8. That the Lessee shall keep and maintain the demised flat
in good, proper and tenable condition at his own cost.

9. That the Lessee shall be at liberty to construct or erect
temporary wooden walls or floors and install air-conditioners at
his own costs and also make all changes necessary for furnishing
the same or for creating conveniences of facilities without any
structural changes and on termination of the lease to restore
the flat to its original conditions.

10. That the Lessee shall peacefully deliver vacant
possession of the said flat to the Lessor at the expiry or
earlier termination of this lease, Lessor shall thereafter
refund the security deposit after deducting any unpaid dues for
utilities & rent.

11. That the Lessor shall grant and ensure, uninterrupted and
unhindered ingress to and egress from the said premises at all
the times during the terms of the lease and also ensure
unhindered and uninterrupted use of common areas main gates,
stairs, passage, public utilities etc.

12. That the Lessee shall not assign, sublet or under let or
part with the possession of the demised flat or any part thereof
for any reason whatsoever.

13. That before handing over vacant and peaceful possession
to the Lessor, the Lessee shall have the right to remove all
furniture, fixtures and fittings etc. Installed by them in the
said flat to restore the premises to its original conditions
reasonable wear and tear excerpted.

14. That the Lessee in addition to the above referred monthly
rent and other expenses, pay to the builder all maintenance
charge in proportion to the area covered as determined by the
management agency etc. Towards common services charges, such as
running expenses of the operations of the lift, lighting of the
common passage, maintenance of sanitary conditions, common
security arrangements firefighting equipment etc.

15. That the Lessee shall be entailed to terminated this
lease by giving two (2) months notice in writing to the Lessor
or rent in then thereof, any notice sent by registered
A/D/Courier/hand delivery at the address of the Lessor shall be
deemed to have been  duly served for the purpose of this clause.
Likewise Lessor shall be entitled to terminate to terminate this
leave by giving two months notice to the Lessee in writing at
his residential address.

16. That the major repair such as major cracks in walls or
any other structural defects in the demised flat shall be the
liability and responsibility and responsibility of the Lessor
internal repairs including electricity sanitary, plumbing,
painting and minor repairs will be done by the Lessee at their
own cost.

17. That the lease shall be registered with the office of the
Sub-Registrar, New Delhi and expenditure shall be shared equally
be Lessor and Lessee.

18. That the Lessor have represented to the Lessee that the
said flat is free from all encumbrances and Lessor have a clear
and undisputed right to the said flat and the Lessor shall keep
the Lessee indemnified from all losses & damages that Lessee may
suffer because of any defect and/or because of any dispossession
from the said flat. Likewise Lessee shall keep the Lessor
indemnified against any misuse of the said flat.

19. That if the Lessee fails to handover vacant and peaceful
possession of the said flat back to the Lessor after expiry of
this lease. The Lessee shall pay a liquidated damage @ Rs. ___/-
(Rupees ________only) per month, the parties hereby agree with
the same to be reasonable and the same shall be paid with 18%
interest thereon till vacant peaceful possession of the said
flat is restored to the Lessor.

20. That any dispute or discrepancies arising out of this
agreement shall be subject to the jurisdiction of the courts at
Delhi.

SCHEDULE ABOVE REFERRED TO:-
All that Flat _____, Admeasuring _____Sq.Ft situated at
___________________, comprising of .

IN WITNESSES WHEREOF, THE PARTIES HERETO HAVE EXECUTED THESE
PRESENTS OF THE DAY, MONTH AND YEAR ABOVE WRITTEN.

LESSOR

1.

LESSEE

2.