Key description
- A lease agreement is an arrangement between two parties – lessor and lessee, by which the lessor allows the lessee the right to use a property owned or managed by the lessor for a specified period of time, in exchange for periodic payment of rentals. The agreement does not provide ownership rights to the lessee.
Language
Categories
Industries
Covered clausesClauses
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1. TERMS OF THE LEASE:
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2. RENT, ADVANCE RENT & SECURITY DEPOSIT AND CAM CHARGES:
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3. REFUND OF SECURITY DEPOSIT:
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4. ELECTRICITY, WATER, POWER BACK UP, AIR CONDITIONING AND MAINTENANCE CHARGES:
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5. PAYMENT OF STATUTORY LEVIES/ TAXES:
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6. SUBLETTING AND USE OF PREMISES:
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8. INSPECTION OF THE DEMISED PREMISES: 7. REPAIRS, ALTERATIONS AND MAINTENANCE OF PREMISES:
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9. TRANSFER OF PROPERTY:
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10. PEACEFUL AND VACANT POSSESSION / ENJOYMENT:
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11. SIGNAGES:
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12. TERMINATION:
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13. FORCE MAJURE:
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14. INDEMNIFICATION:
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15. INSURANCE:
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16. MISCELLANEOUS:
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17. REGISTRATION:
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18. JURISDICTION:
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19. SERVICE OF NOTICE/COMMUNICATION:
