Rent Agreement for Small Businesses:
A Rent Agreement is essential for small businesses to legally rent a shop, office, or commercial space. It outlines the rights, responsibilities, and terms between the landlord and tenant.
Importance of a Rent Agreement for Small Businesses
Provides legal protection for both landlord and tenant.
Required for business registration, GST, and bank accounts.
Prevents disputes over rent, maintenance, or eviction.
Would you like assistance in drafting or registering a rent agreement?
Types of Rent Agreements
Fixed-term agreement: A lease for a specific period (e.g., 11 months, 1 year, etc.).
Month-to-month agreement: Renewed automatically unless terminated by either party.
Commercial rent agreement: Used for office spaces, shops, or industrial properties.
Which Rent Agreement is Best for You?
For individuals/families → Fixed-term lease (11 months or 1 year).
For businesses → Commercial lease (3+ years).
For flexibility → Month-to-month rental.
For short stays → Short-term rental or Leave and License Agreement.
For extra income as a tenant → Sublease Agreement (if allowed).
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