Commercial Lease Agreement
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4.9 (102 reviews)
Last Updated: June 2025
What is a Commercial Lease Agreement?
A Commercial Lease Agreement is a legal contract between a landlord and a tenant for leasing a property intended for business or commercial use — such as offices, shops, warehouses, or industrial spaces.
This agreement defines rent terms, duration, maintenance responsibilities, usage limitations, and legal protections for both parties. Unlike residential leases, commercial leases typically offer fewer tenant protections but greater flexibility in negotiation.
📜 Service Description
A Vakilify-drafted Commercial Lease Agreement typically includes:
Parties & Property Details – Names, property address, business purpose
Lease Duration & Renewal – Initial term, renewal clause, lock-in period
Rent & Deposit – Monthly rent, security deposit, escalation terms
Maintenance & Repairs – Structural vs. daily maintenance responsibilities
Usage Clause – Permitted business activities, alterations, signage rules
Compliance Requirements – Local authority permits, trade licenses
Termination & Exit – Notice period, early termination clause
Dispute Resolution – Arbitration or court jurisdiction
Stamping & Registration – As per local laws (mandatory in most states)
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Commercial Lease Agreement
🏛 Laws Governing Commercial Leases in India
Your lease agreement will comply with:
Indian Contract Act, 1872
Transfer of Property Act, 1882
Registration Act, 1908
State-specific Rent Control Acts
Applicable Municipal & Zoning Laws
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