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  • Sandeep

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    Sanjeev Sharma
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    This document outlines the terms of a rental agreement for commercial property. It specifies a 2 year lock-in period with a 2 month notice period for termination after lock-in. Rent will escalate by 15% after 3 years and taxes/CAM will be paid by the owner while club charges and equipment AMC will be paid by the tenant. Stamp duty and registration costs will be split equally. The tenant gets 45 days of rent-free period after society permission for work and can make improvements at their cost that will remain with the property. The owner can sell the property without affecting the tenant's rights. Society fit-out charges will be paid by the tenant.

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    This document outlines the terms of a rental agreement for commercial property. It specifies a 2 year lock-in period with a 2 month notice period for termination after lock-in. Rent will escalate by 15% after 3 years and taxes/CAM will be paid by the owner while club charges and equipment AMC will be paid by the tenant. Stamp duty and registration costs will be split equally. The tenant gets 45 days of rent-free period after society permission for work and can make improvements at their cost that will remain with the property. The owner can sell the property without affecting the tenant's rights. Society fit-out charges will be paid by the tenant.

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    © All Rights Reserved
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    6 views1 page

    Sandeep

    Uploaded by

    Sanjeev Sharma
    This document outlines the terms of a rental agreement for commercial property. It specifies a 2 year lock-in period with a 2 month notice period for termination after lock-in. Rent will escalate by 15% after 3 years and taxes/CAM will be paid by the owner while club charges and equipment AMC will be paid by the tenant. Stamp duty and registration costs will be split equally. The tenant gets 45 days of rent-free period after society permission for work and can make improvements at their cost that will remain with the property. The owner can sell the property without affecting the tenant's rights. Society fit-out charges will be paid by the tenant.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Deposit (Rs.

    )
    Agreement
    Lock-in 2 years
    Notice Period/ Termination 2 months notice after lock-in
    Escalation in Rent 15% escalation after 3 years
    CAM and Taxes By owner
    Club House Charges & AMC of By Tenant
    Equipment
    Stamp Duty and Registration Equally
    Rent Free Period 45 days from the date the Society grants permission to start
    work
    Improvements inside the flat viz. By Tenant at his cost. The improvements if any shall be
    Wardrobe change retained back at the time of vacation
    Painting at the time
    of vacation
    Others 1. The Licensor shall be entitled to sell, transfer or
    otherwise dispose of the Licensed Premises or
    his/her/their interest therein, during the entire tenure,
    of the Leave and License hereby created or any
    extension thereof (if any) in a manner that the rights
    of the Licensee hereunder are not prejudiced,
    jeopardized or adversely effected (including the
    right to receive back the Security Deposit). Further
    the Licensors, by informing the Licensee 24 hours in
    advance regarding the inspection of the Licensed
    Premises by prospective purchasers
    2. Society charges/deposits for the fit-out to be paid by
    the Tenant

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