Tuesday, June 4, 2019

5 Main Key Differences between commercial and residential lease Agreement

Commercial Lease Agreement 

A commercial lease is signed between a business entity and the owner of the property which the entity is interested in for a lease. The terms and conditions are laid down in such a way where the owner agrees to let the entity occupy the property to carry out activities as per the business along with the permissible modification in the property.


 Residential Lease Agreement

The term “residential lease agreement” refers to the legally binding contract created between a landholder and his tenant and contains all the terms for dealings a house or flat as a residence. This document is additionally referred to as Associate in the Nursing flat rental agreement or a landlord-tenant lease. commonly it's signed at the beginning of a rental term and remains in impact till the tip date indicated within the agreement.

Now Let’s see the Main Difference between Commercial Lease Agreement Residential Lease Agreement. 

As the name suggests commercial lease is for business purpose and the residential lease is for living use

  1. A commercial lease is a contract between a business tenant and owner while the residential lease is between the individual(s) tenant and landlord.
  2. In a commercial lease, the property is used for business and profit-making purpose whereas the property is primarily used for residential purpose and no commercial activities are allowed in a residential lease.
  3. In a commercial lease, the rent consideration is typically based upon the amount of square foot/meter occupied by the tenant whereas in a residential lease the rent consideration is based upon a set amount per month varying from a month-to-month lease to a term of years.
  4. In a residential lease, tenants have a lot more protection than commercial lease tenant.
  5. In a residential lease, there are certain obligations that the landlord need to provide like water, electricity and certain maintenance whereas there are no such obligations for the commercial owners unless explicitly defined in the contract.

Though each state has its own rules and regulations on commercial and residential leases, all states make general distinctions between the two types of leases between landlord and tenant. 

As per the premise type, uses, and contracts one can choose an appropriate type
of Commercial and Residential Lease Agreement. If you need one Rentalagreement.in helps you to choose the right one, draft it and send it to your doorstep!



Uraan Rental Agreement And Notary Associate 

For More Information call us or write to us at:- 

 E-Mail (24 X 7): support@rentalagreement.in

Call (8AM to 11AM, 6PM to 9PM): +91 81235 91446






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Location: Bengaluru, Karnataka, India

Monday, June 3, 2019

4 Essential Things You Must Know Before Signing House Rent Agreement

Working or studying in an entirely new place is hugely hectic. To add to it is finding a good place to rent for the duration of your stay could be another mammoth task. 

Even after securing the perfect place on rent you are not out of the woods. There are certain essential checks which you must puzzle out as tenant before signing any  House Rent-Agreement.

Let us have a look at 4 Essential Things You Must Know Before Signing House Rent-Agreement.

  1. Study/ Scan Inspect the Rent-Agreement thoroughly:- I know it sounds silly, but this is the most important and ironically the most overlooked aspect of a Rent-Agreement. You must thoroughly read the Agreement. Get to know every detail of it from the Rental Agreement Format to the nooks and crannies. Remember you are the customer, so you must be careful. In case of difficulty with language or any other Rental Agreement, Format hitch contact a lawyer ASAP. Or use professional service like URAAN Associates.
  2. Damage Control and Its Charges:- Often the charges incurred for the repair and damage control on a property is immense. And it is essential to do these repairs in order to make the place Habitable. So always look into the hidden Charges and Costs in the Rental Agreement Payslip and specify all the Plumbing or construction work done.  No verbal agreement. I promise it will save you a mint.
  3. Check The Landlord:- He will most definitely check you. So you may as well check him up. Check the background and history of the Landlord. Yes, make sure the person you are signing the agreement and issuing the Rental Agreement Payslip is, in fact, the Landlord and not some scheming caretaker.There have been instances of such swindles. Be wary.
  4. Charges When You Leave:- Now when you live in a House you are bound to damage it. It happens so always keep a clause on the Rent-Agreement or the Rental Agreement Payslip for these damages.


Final Word OF Wisdom

For the best and most reliable outcome, you can also visit us at Rentalagreement.in Website. We are a company providing the best and most transparent Consultation regarding all your Rent-Agreement Queries.

Remember, not everyone is the best out there. It is good to have a professional behind you for support.


Uraan Rental Agreement And Notary Associate 

For More Information call us or write to us at:- 

 E (24 X 7): support@rentalagreement.in

P (8AM to 11AM, 6PM to 9PM): +91 81235 91446





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