Unlocking the Power of Digital Signature Legitimateness for Commercial Lease Agreement in India

How to eSign a document: digital signature legitimateness for Commercial Lease Agreement in India

[Music] a big part of any businesses journey is acquiring space to conduct their activities whether you're looking for office space or retail industrial space this is your first space where you're getting bigger here's some things to think about when negotiating commercial please pay close attention to when the lease term starts if you've negotiated for a bill down pay attention to the rent commencement date and how that date relates to when the build-out is supposed to be started and completed and when the space is ready to be occupied you shouldn't have to pay if you can't occupy the space look into having a right to terminate the lease if the build-out is not started or substantially completed by specific dates additionally have the landlord agree to a timeline by which any minor or punch list items associated with the build-out will be completed lots of leases have terms that call for a base rent plus a monthly variable charge for the landlord's expense in maintaining the property example of this are expenses to maintain the common areas parking lots and landscaping make sure that the charges associated with this are reasonable understand how these charges can be increased and potentially negotiate for a cap on how much these expenses can go up also know for which expenses you can be charged I would try to exempt capital improvements to the building from these expenses at any rate make sure that the landlord has an obligation to give you a detailed accounting of variable expenses and that you have a right to audit these expenses to ensure accuracy you're looking for flexibility you should negotiate the assignment and subleasing terms of the lease simonova lease is where you can get a third party to take over the lease and assume all your obligations to the landlord with a sublease you're bringing on a third party to take part or all your space you remain primarily obligated to the landlord and responsible for your sublet see lots of standard forms prohibit these activities or give them approval there is a right of approval make sure it cannot be unnecessarily with help level antler understand if there are fees associated with the approval process and make sure that the approval process has to be concluded within a specified period of time additionally there may be lease provisions that allow for the landlord to get a cut with any amount a charge of sublet see that exceeds the rent and pay the limit commercial lease will have terms that will say that you are in default if you do not perform your obligation specified in the lease and will give the landlord specific remedies for these two walls the most basic default and Elise is not payment but you could be in default if you do not perform certain obligations break the landlord's rules or go through business changes like a change in control or bankruptcy try negotiate that the landlord has to give you notice of this fall and a time to cure it understand the consequences of default like increased charges leave the space before termination the lease term and stop paying the landlord need to understand the landlord can do what they can charge in closing read your lease before you sign it make sure the landlord has to behave in a reasonable fashion you get experienced legal counsel they can help you understand your risk and know what you're getting into we can advocate on your behalf and suggest terms that are more favorable you