LEASE DEED

ABOUT LEASE DEED

A lease  is a written agreement between a lessor (landlord) and a lessee (lessee) in which  the lessor receives recurring payments in exchange for allowing the lessee to use and occupy the property. A lease  also defines the  conditions that govern the relationship between the lessor and the lessee during the term of the lease. A lease  is usually required when a property is to be leased for an extended period of  15 years or  longer. In these cases, the lease  plays an important role in regulating the relationship between the lessor and the lessee and establishes legally binding provisions. A lease  must be drawn up by a good paper attorney in India who understands the needs of both parties and is able to craft a fair contract that protects the interests of both the landlord and tenant. Legal advice becomes even more important if you need to rent commercial real estate such as offices, factories or shops.

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