When I helped a friend rent out his shop, we understood how important a solid rent agreement is in avoiding issues. To help her, I researched how to make agreement for shop rent. I found creating a legally sound shop rent agreement in India requires careful drafting and adherence to statutory requirements. It includes the terms and conditions of renting a shop.
Steps to Make Shop Rent Agreement
Begin by composing the agreement on stamp paper. Ensure the value aligns with state-specific stamp duty rates, which depend on rent amount and lease duration.
The agreement should clearly specify details of both landlord and tenant names, addresses, and identification proofs and a thorough description of the shop property including address and area.
Next, include precise rent terms. Do mention monthly amount, due date, mode of payment, and any agreed annual escalation.
Define the lease duration, renewal terms, and termination clause with clear notice periods.
State the security deposit, refund conditions, and possible deductions.
Address maintenance responsibilities, clarifying who handles repairs and utilities.
Specify the permitted use of the property purely commercial and include a dispute resolution clause or jurisdiction details.
The agreement must be signed by both parties and include at least two witnesses with their names and addresses.
If the lease exceeds 12 months, after signing on stamp paper and getting witness signatures, register the document at the Sub-Registrar’s office, paying the prescribed stamp duty and registration fees.
Draft Shop Rental Agreement Online with NoBroker Rental Agreement.
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How to Make Agreement for Shop Rent?
shivam0
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3 months
2025-08-14T07:35:44+00:00 2025-08-14T07:35:46+00:00Comment
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