Introduction
A commercial lease agreement defines rights and responsibilities of landlord and tenant. Understanding clauses is essential for protecting income.
Important Clauses
Lock-in Period
Ensures tenant cannot vacate before agreed duration.
Escalation Clause
Defines annual rent increase percentage.
Security Deposit
Clearly mention refund conditions.
Maintenance Responsibility
Specify who pays CAM charges and repairs.
Termination Clause
Conditions under which lease can be terminated.
Legal Review
Always consult a property lawyer before signing agreement.
Conclusion
A strong lease agreement ensures steady rental income and minimal disputes.
