Formulated for long-term commercial, industrial, or residential occupancies (exceeding 12 months), this formal agreement transfers a legal interest in the property to the tenant for a specified duration. It requires mandatory registration under the Registration Act, 1908, and provides robust statutory protection for both parties by detailing structured rent escalation schedules, commercial lock-in periods, and formal lease renewal terms.
Enforces mandatory registration of multi-year leases at the local sub-registrar's office, making it fully admissible in court.
Protects landlords with guaranteed rental income and tenants with operational location security for a specified multi-year window.
Establishes transparent, pre-agreed rent increment timelines and percentages, preventing future pricing disputes.
Defines renewal timelines, notice periods, and first-refusal options to support seamless long-term business planning.
Yes. Under Section 17 of the Registration Act, 1908, any lease of immovable property from year to year, or for any term exceeding eleven months, must be registered at the Sub-Registrar's office to be legally valid.
A lock-in period is a binding timeframe during which neither the landlord nor the tenant can terminate the lease. If a party exits during this window, they are liable to pay the rent for the remaining months of the lock-in as damages.
By default, the cost of stamp duty and registration fees is borne by the tenant (lessee) under Indian law, though the parties can mutually agree to split these expenses, and they vary significantly across states.
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Secures exclusive legal ownership of your brand name and logo under the Trade Marks Act 1999.
