Office Space Lease
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.
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