Question regarding Commercial Lease of Business Premises ?
Tipsy
(Querist) 02 September 2010
This query is : Resolved
Question regarding Commercial Lease of Business Premises ?
I have given my business premises on lease for 3 years , I have following questions
1. Agreement should be made from Individual to individual or company
2 The person who operates export import business, does some mischief in business than who is responsible Licensor or The Licensee
3. is there any condition, we can put because my client whom i have given premises on lease and he is importing first under advance licence and if he fails to exports than , i am liable to jt dgft and customs in any way because i do his liasion work for dgft
please guide me ?
Devajyoti Barman
(Expert) 02 September 2010
In the lease agreement itself the lessor is required to incorporate the terms like his non liability in case of legal dispute with the lessee, permission to run a lawful business from the leasehold premises etc.
s.subramanian
(Expert) 02 September 2010
1. It depends on the lessee's legal status. If your are leasing out to incorporated body then it should be in the name of that company. On other points I agree with Mr.Barman.
Uma parameswaran
(Expert) 03 September 2010
I am supporting L.Friend S.Subramanian's suggestion.
