Commercial Office Rental Agreement

Any individual, business owner or company wishing to take up a property to use as an office can make use of a commercial office lease. So if you are the owner of a property opting for office use or if you are an individual who wants to lease a property for office use, commercial office lease is what you need. Office space leases can also be signed between companies when one company requests the use of a part of the other company’s office space for the former’s use Proprietors can create agreements in their own name, however, companies or partnership firms must always use their registered business name in the contract. Companies who want to lease an office space too can make use of this commercial lease. In such cases, the name of the company will be used in place of Tenant. Commercial leases are regulated by the “Rent Control Act”, so you might as well pay attention to what goes into your contract. Whatever is written is legally binding.

Leave and License Agreement

A Leave and License agreement is a document that bestows the Licensee with the permission to occupy the Licensor’s property. Such an agreement makes eviction easier and generally provides the landlord with greater power. It is also different from Lease Agreement as it is nontransferable and it does not create any interest in the property, whereas Lease Agreement does. There are many more differences to this which makes Leave and License Agreement an ease to deal with.

Hire Purchase agreement

A Hire Purchase Agreement is a contract where the owner of goods lets the goods/asset on hire basis and the hirer is required to pay instalments to the owner for use of goods/asset. The hirer is free to take the ownership of the asset after paying the last instalment.

Rental Agreement (House, Flat, Shop)

A Rental Agreement is a legal document covering the rules that tenant and landlords are required to follow in the course of their rental relationship. It sets out the period for which Rental Agreement is going to be applicable along with the rent payable each month.

COMPANY/BUSINESS REGISTRATION

Private Limited Company

A default option for startups and scalable businesses. Requires minimum two directors and can have a maximum of 50 shareholders. Turnaround time of 7.

Proprietorship Firm

Owned and run by one natural person and the owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss etc. Traders, small manufacturers small businesses that typically need service tax or VAT license registration.