The office lease agreement is entered between a lessor and a lessee in order to
specify all the terms and details of the leased space. This agreement is important
for both the parties involved in the deal. To a lessee,it provides information related
to the permitted use of the property, terms of the agreement and other details such
as payment and period of lease, while to a lessor, it ensures the right to take a legal
action if the lessee does not pay rent on time or use the property for any purpose
other than that mentioned in the agreement. This prevents any conflict which may
arise in future between both the parties.
This agreement can be enforced legally by printing it on a non judicial stamp paper duly
signed by both the parties in presence of two attesting witnesses. It should be
registered at the sub registrar office if the period exceeds 11 months.
Use this agreement if:
1.You as an owner of an office space wish to rent it to companies or individuals.
2.You as an individual or company is looking for an office space.