Tenant hereby offers to lease from the Landlord the premises known as being _________________ (“Premises”) in the building (“Building”) situated thereon, and located at __________________ (“Address), upon and subject to the following terms and conditions:
1. Term. The term of the lease (“Term”) shall begin on ____________ (“Commencement Date”) and end on ______________ (“Termination Date”).
2. Rental. The annual rental (“Rent”) for the Term shall be _____________, payable in equal monthly instalments of Rs._________, due on the first day of each month in advance. Tenant shall also pay all realty taxes, business taxes, heating, utilities, water, fire insurance, public liability insurance, maintenance and snow removal costs if any associated with the Premises, including all repairs to the Building (reasonable wear and tear excluded) save and except for structural repairs or repairs of a capital nature, it being understood that the Rent is net to the Landlord.
3. Option to Renew. Provided that Tenant is not in default under the lease, Tenant shall have the option, exercisable upon no less than three (3) months prior written notice to Landlord, to renew the Term for one further term of. The terms and conditions of the renewal term shall be the same as in the original Term except as to rental which shall be agreed to between Landlord and Tenant, and except as to any further rights of renewal. In the event that Landlord and Tenant are unable to agree on the rental rate for a renewal term, the matter will be submitted to arbitration pursuant to the applicable law then in effect….
Note: This is just the part of the agreement. To get it drafted completely by legal experts, kindly contact the expert team of Aapka Consultant by clicking here
OUR SERVICES
Company Registration I Trademark I Copyright I Patent I GST I MSME
ISO Certification I Website/App Policy I Legal Documentation
Annual Compliance I Connect Consultant
Visit: Aapka Consultant to get Online Services of CA CS & Lawyers
