Commercial Rental & Shop Lease Agreement

COMMERCIAL LEASE AGREEMENT

This Commercial Lease Agreement is executed at [CITY] on this [DAY] day of [MONTH], 20[YEAR]:

BY AND BETWEEN:
[LESSOR_NAME / COMPANY_NAME], represented by its Authorised Signatory [NAME], having its registered office / residence at [ADDRESS] (hereinafter referred to as the "LESSOR") of the FIRST PART;

AND
[LESSEE_COMPANY_NAME / PROPRIETOR], having GSTIN: [GSTIN_NO], represented by [NAME, DESIGNATION] (hereinafter referred to as the "LESSEE") of the SECOND PART.

WHEREAS the Lessor owns the commercial unit measuring [CARPET_AREA] Sq. Ft. located at [COMMERCIAL_COMPLEX_ADDRESS] ("DEMISED PREMISES").

TERMS AND CONDITIONS:
1. PERMITTED USE: The Lessee shall use the Demised Premises exclusively for commercial purposes of [BUSINESS_NATURE, e.g., Software Development / Retail Outlet] and shall not carry out any unlawful or hazardous trades.

2. LEASE PERIOD: The lease shall be for an initial period of [NUMBER_OF_YEARS] years commencing from [START_DATE].

3. RENT & GST: Monthly rent is fixed at Rs. [MONTHLY_RENT]/- plus applicable Goods and Services Tax (GST). Lessor shall furnish monthly GST tax invoices with valid GSTIN to enable Input Tax Credit (ITC).

4. RENT ESCALATION: The rent shall escalate by [ESCALATION_PERCENTAGE]% upon the expiry of every [PERIOD, e.g. 3 years].

5. FIT-OUT PERIOD: A rent-free fit-out period of [DAYS] days from the possession date is granted to the Lessee for carrying out interior decoration, cabling, and partitions.

LESSOR: ___________________________
LESSEE: ___________________________
WITNESSES:
1. ___________________________
2. ___________________________