Commercial Lease

A Commercial Lease is a legally binding agreement between a landlord and a business tenant for renting property used for commercial purposes, governed by India’s Indian Contract Act, 1872, Section 10 and Registration Act, 1908, Section 17. Leases exceeding 11 months require registration to ensure enforceability and avoid penalties (e.g., fines up to ₹1 lakh under Registration Act). It is ideal for securing stable business locations and tailored terms. 

Novam Legal provides expert, compliant Commercial Lease services, ensuring dispute-free agreements customized to your business needs. Here’s how a Commercial Lease registration delivers value for your business:

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    Process Steps for Commercial Lease with Novam Legal

    Consultation and Business Needs Assessment

    We discuss your business goals, property type and lease terms to tailor the agreement, per Indian Contract Act, 1872.

    Document and Compliance Review

    We verify landlord’s ownership documents and local rent control laws to ensure compliance.

    Customized Lease Drafting

    We draft or revise a lease, including rent, duration and negotiation terms like subleasing or exit clauses.

    Negotiation and Revisions

    We negotiate with the landlord and incorporate your feedback to finalize favorable terms.

    Execution and Signing Support

    We facilitate e-signing or in-person execution, ensuring a smooth process.

    Final Delivery and Optional Paid Support

    We deliver the signed lease, with optional paid assistance for post-execution queries, billed separately.

    Benefits of Commercial Lease

    Location Stability Ensured

    Secures premises for business operations, per Indian Contract Act, 1872.

    Disputes Minimized

    Clear terms reduce conflicts over rent, maintenance or termination.

    Financial Planning Supported

    Fixed or structured rent terms enhance cost predictability.

    Compliance Achieved

    Adheres to state rent laws and registration requirements, avoiding fines.

    Growth Flexibility Provided

    Allows modifications or subleasing for business expansion.

    Prerequisites for Commercial Lease

    Deliverables for Commercial Lease with Novam Legal

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    Basic

    4500

    • Discussion on Rent, Security, Maintenance etc
    • 30 mins discussion with Lawyer
    • Drafting of Lease Agreement

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    Frequently asked Questions

    A legal agreement for renting property for business use, per Indian Contract Act, 1872.

    It secures business premises, defines terms and ensures compliance, minimizing disputes.

    Yes, for leases over 11 months, under Registration Act, 1908, Section 17.

    Typically 5–10 days, depending on negotiations and complexity.

    Yes, per agreed exit clauses or legal grounds, per Indian Contract Act, 1872.

    ID proof, business registration, financial records, landlord’s Title Deed and lease terms.

    Yes, if included in the lease terms, subject to landlord approval.

    No, ongoing assistance is an optional paid service, billed separately.

    Fines up to ₹1 lakh or inadmissibility in court, per Registration Act, 1908.

    Depends on lease terms; typically, tenants handle internal upkeep, landlords handle structural repairs.

    Property reverts to the landlord unless renewed, per state-specific terms.

    Yes, typically refundable at lease end, less damages, per lease terms.

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    When I needed a critical business agreement drafted, NOVAM Legal delivered beyond my expectations. Their team was incredibly thorough, ensuring every clause was tailored to protect my interests while maintaining clarity and fairness. The level of detail and legal expertise they brought to the table was impressive, and they made sure to explain the complex legal terms in a way that was easy to understand. The entire process was seamless, and I felt confident knowing I had a well-crafted agreement in place. I would highly recommend NOVAM Legal to anyone in need of professional legal drafting services.

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    A stress-free, professional experience with NOVAM Legal!

    When I needed a critical business agreement drafted, NOVAM Legal delivered beyond my expectations. Their team was incredibly thorough, ensuring every clause was tailored to protect my interests while maintaining clarity and fairness. The level of detail and legal expertise they brought to the table was impressive, and they made sure to explain the complex legal terms in a way that was easy to understand. The entire process was seamless, and I felt confident knowing I had a well-crafted agreement in place. I would highly recommend NOVAM Legal to anyone in need of professional legal drafting services.

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