Commercial Office Agreement in Delhi
Most of the companies are looking for offices in Delhi to run their business. Their aim is to earn profits. There can be a high risk when the owner of a property allows an organization to use its property for commercial purposes. A document is required to avoid any discrepancies in such a situation between both parties. Such document is known as Commercial Office Agreement.
This agreement serves as a safeguard for both the lessor and the lessor. It provides the lessee with protection from illegal financial demands on the other side.
It also prohibits the lessee from owning the property solely for the period specified in the contract. In a case where the landlord is not taking any security deposit as advance, it prevents the tenant from claiming unlawful reimbursement.
The contract consists of certain important points such as rights and obligations of the parties; details of both the parties; terms and conditions of the contract; rent; timing of payment; alterations; utility and other expenses etc.
Benefits of Commercial Office Agreement
It helps the parties in many circumstances such as if there is a dispute between both the parties:
- Disputes related to non-payment of rent;
- Damages subject to compensation;
- Disputes related to non-return of the leased property;
- Change of ownership of the leased property;
- Disputes relayed to the transfer of the leased property;
- Disputes arising due to the early termination of the contract.
How We Help You?
It is not necessary to take the case to court in a commercial office rental dispute. Litigation can cost you time and money. Easy Drafting respects your patience and will work towards a settlement of your dispute as quickly and efficiently as possible. Commercial real estate involves a lot of financial risks and it is in the parties’ best interests to reach amicable solutions to their problems.
We, at Easy Drafting, have a team of renowned property lawyers and legal experts. Call us at any time for drafting the Commercial Agreement in Delhi and to schedule a consultation in order to evaluate your situation and begin working towards a positive resolution. Our Services are fast and cost-effective.