Lease agreement format for commercial property. Rent agreement
format for office space
Format of lease agreement for office space is given
below. If the lease agreement is for less than 11 months it
need not be registered. If the rent agreement is for more
than 11 months it is to be registered with the Sub-Registrar
in the particular area. Lease Deed for 11 months can be
prepared on Rs. 100/- stamp paper.
This Lease Deed made at New Delhi ___ day of ____ between Mr/Ms.____
son/daughter of ____ Resident of ____________________,
(hereinafter referred to as “The Lessor”) which terms shall
include their heirs, successors legal representatives and
assigns of the One Part.
Mr/Ms_______Son/daughter of ______________________, resident of
_____________________________________, (hereinafter referred to
as “ the Lessee”) which team shall include her legal
representatives and assigns of the Other Part.
A. The Lessor is the lawful owner and is well seized and
possessed of or otherwise well and sufficiently entitled to all
the Flat No- _____ admeasuring ______ sq.ft. situated at
___________________, (hereinafter called “ The Said Flat”) fully
desired in the schedule written hereunder.
B. The Lessor has agreed to let out the said flat and the
Lessee has agreed to take the said flat on rent from the Lessor
on the following terms. Conditions and covenants”
C. The Lessee shall be responsible for payment of maintenance
cum fire fighting charges as per bills to the builder & BSES or
concerned electricity company and any other civic authorities as
may be demanded from time to time till vocation and furnish the
last paid bills to the Lessor at the times of vocation / handing
over of the flat”
NOW THIS AGREEMENT OF LEASE WITNESSETH AS UNDER:-
1. That in consideration of the rent received herein and of the
due observance and performance of the terms” conditions and
covenants “ observed “ performed and fulfilled by the Lessor and
the Lessee , the Lessor do hereby grant unto and in favour of
Lessee “ the Lease of the Flat No’ ___________, admeasuring
______sq. ft, situated at _______________________________,
hereinafter referred to as “The Said Flat” fully described in
the schedule written hereunder, at a monthly rent of Rs.________/-
( Rupees ____________________only) per month to be paid by
Cheque/ Cash in advance by the ____ day of each calendar month
2. That this lease is valid for a period of One Year effective
from __/__/____ to __/__/____, rent will be increase by _% after
every year. This may be extended by mutual consent of both
3. That the Lessee shall use the said flat for commercial
purposes i.e. for their office”.
4. That Lessee shall always handover on demand the copy of the
paid bills showing payment of electricity and maintenance cum-
water charges for the records and reference of the Lessor within
reasonable period of his payment “The Lessor” shall not be
responsible for receipt or payment of bills or disconnection in
case of default of payment.
5. That the Lessor shall be liable to pay all the taxes , ground
rent, house tax, other charges payable to Delhi Municipal
Corporation government or any local authority in respect of the
6. That the Lessee shall pay Rs. ____/- (Rupees __________only)
as interest free security to the Lessor against a proper receipt
refundable at the time of handover peaceful vacant possession of
demised premises/space when the Lease Agreement comes to an end
and the Lessee has removed all his goods and effects and on
clearance of all dues.
7. That the Lessee agrees to permit the Lessor and his
authorized representatives at all times to inspect the demised
flat during normal working hours.
8. That the Lessee shall keep and maintain the demised flat in
good, proper and tenable condition at his own cost.
9. That the Lessee shall be at liberty to construct or erect
temporary wooden walls or floors and install air-conditioners at
his own costs and also make all changes necessary for furnishing
the same or for creating conveniences of facilities without any
structural changes and on termination of the lease to restore
the flat to its original conditions.
10. That the Lessee shall peacefully deliver vacant possession
of the said flat to the Lessor at the expiry or earlier
termination of this lease, Lessor shall thereafter refund the
security deposit after deducting any unpaid dues for utilities &
11. That the Lessor shall grant and ensure, uninterrupted and
unhindered ingress to and egress from the said premises at all
the times during the terms of the lease and also ensure
unhindered and uninterrupted use of common areas main gates,
stairs, passage, public utilities etc.
12. That the Lessee shall not assign, sublet or under let or
part with the possession of the demised flat or any part thereof
for any reason “whatsoever”.
13. That before handing over vacant and peaceful possession to
the Lessor, the Lessee shall have the right to remove all
furniture, fixtures and fittings etc. Installed by them in the
said flat to restore the premises to its original conditions
reasonable wear and tear excerpted.
14. That the Lessee in addition to the above referred monthly
rent and other expenses, pay to the builder all maintenance
charge in proportion to the area covered as determined by the
management agency etc. Towards common services charges, such as
running expenses of the operations of the lift, lighting of the
common passage, maintenance of sanitary conditions, common
security arrangements firefighting equipment etc.
15. That the Lessee shall be entailed to terminated this lease
by giving two (2) months notice in writing to the Lessor or rent
in then thereof, any notice sent by registered A/D/Courier/hand
delivery at the address of the Lessor shall be deemed to have
been duly served for the purpose of this clause. Likewise
Lessor shall be entitled to terminate to terminate this leave by
giving two months notice to the Lessee in writing at his
16. That the major repair such as major cracks in walls or any
other structural defects in the demised flat shall be the
liability and responsibility and responsibility of the Lessor
internal repairs including electricity sanitary, plumbing,
painting and minor repairs will be done by the Lessee at their
17. That the lease shall be registered with the office of the
Sub-Registrar, New Delhi and expenditure shall be shared equally
be Lessor and Lessee.
18. That the Lessor have represented to the Lessee that the said
flat is free from all encumbrances and Lessor have a clear and
undisputed right to the said flat and the Lessor shall keep the
Lessee indemnified from all losses & damages that Lessee may
suffer because of any defect and/or because of any dispossession
from the said flat. Likewise Lessee shall keep the Lessor
indemnified against any misuse of the said flat.
19. That if the Lessee fails to handover vacant and peaceful
possession of the said flat back to the Lessor after expiry of
this lease. The Lessee shall pay a liquidated damage @ Rs. ___/-
(Rupees ________only) per month, the parties hereby agree with
the same to be reasonable and the same shall be paid with 18%
interest thereon till vacant peaceful possession of the said
flat is restored to the Lessor.
20. That any dispute or discrepancies arising out of this
agreement shall be subject to the jurisdiction of the courts at
SCHEDULE ABOVE REFERRED TO:-
All that Flat _____, Admeasuring _____Sq.Ft” situated at
___________________, comprising of .
IN WITNESSES WHEREOF, THE PARTIES HERETO HAVE EXECUTED THESE
PRESENTS OF THE DAY, MONTH AND YEAR ABOVE WRITTEN.