Property & Leasing

Commercial Lease & Licence Agreement

For renting commercial office or retail space β€” with clear lock-in, maintenance, and exit-notice terms that verbal landlord 'understandings' rarely survive intact.

  • Clear lock-in period and early-exit consequences
  • Maintenance responsibility split between licensor and licensee
  • Security deposit terms and refund conditions
  • Structured as a Leave and Licence, not a lease, where relevant for stamp duty purposes
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βœ“ Main agreement (PDF)
βœ“ Premises and fixtures schedule
βœ“ Verification Passport (below)
Who this is for

Businesses renting office or retail space

Taking on commercial premises for operations, wanting clear terms beyond a verbal or informal understanding with the landlord.

Property owners leasing to businesses

Landlords who want a properly structured agreement protecting maintenance responsibilities and exit terms.

Verification passport

What we actually checked, and when.

Live verification record COMMERCIAL LEASE & LICENCE AGREEMENT
Researched and verified by Rakesh Jaiswar, LLB student, Mumbai
Leave and Licence vs. Lease distinction, stamp duty implications
Indian Stamp Act, 1899, relevant State Schedule Β· checked 30 Aug 2026
βœ“ VERIFIED
Security deposit and refund terms
General contract principle β€” no specific central statute, state Rent Control Acts may apply
βœ“ VERIFIED
Lock-in and early termination consequences
Indian Contract Act, 1872, Sec 73-74 (liquidated damages framework)
βœ“ VERIFIED
Whether a Rent Control Act applies, and which one, depends heavily on the specific state and sometimes the city β€” this template is drafted as a Leave and Licence structure to stay outside most Rent Control Act restrictions, but confirm your specific state's position before relying on this alone.
Before you sign this document:
1. Update the jurisdiction. This template is drafted with placeholder city/state fields β€” replace them with your own business's actual location, not any example city shown in the document.
2. Print on valid stamp paper. This PDF is a drafting template, not an executable legal document on its own. Under the Indian Stamp Act, most agreements need to be printed on physical stamp paper (or e-stamped) of the correct value for your state before signing β€” an unstamped agreement may be inadmissible as evidence until the deficiency is paid. Confirm the correct stamp duty and process for your state before execution.
Annual updates

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