Renting or leasing a property is not at all difficult in this digital era. In fact, almost all social media have posts concerning the rent/sale/lease of a property. My cousin who is a baker recently rented a shop in a mall so that she can sell her products easily. She is now looking for a shop space for rent in Lulu Mall to expand her business. You must be knowing that Lulu Mall has big brands and shops selling national, and international products, food courts and even multiplex screens. Getting a shop rent in Lulu Mall is tough but if you get it, be sure your business is going to expand. A large number of people visit this mall hence the business is quite huge. Let me share what factors my cousin is considering to have a Lulu Mall shop rent. Read this answer to know all the details vividly.
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How to rent a shop in Lulu Shopping Mall?
Renting or leasing a property should be done legally so the utmost important things that should be looked at are the papers. Here is the list of documents that you must verify before renting a property
Owner details and the documents’ validation
Power of Attorney if any and other sanctioned plans
Legally drafted rental agreement
Income taxes and mortgages verifications
Property agent's (if any) background check
Rent Agreement validity
Other details you must check if you get
Lulu Mall floor space rent are
Maintenance charges, base rent and the deposit amount
Renovation. Addition or updation in structures
Right to sublease
Working hours
Terms and conditions and also rules and consequences if there is a breach of agreement
Code compliance
How to make the shop rent in Lulu Mall legally valid?
Checking documents is not all that needs to be done. You will need to make the contract or agreement valid. In order to do so
Do get the agreement checked by some legal experts
Print the agreement on stamp paper
The agreement MUST have the tenant and owner details and also the name of the witnesses
Xerox or print the agreement and take the duplicate or original copy for sure to keep it as a proof
Registration is a must so get it done as per your state’s norms.
If you really want your business to expand, rent at Lulu Mall.
My cousin is trying to get one shop and is taking regular advice from her legal experts. I would also request you to do the same. You will get a shop space for rent in Lulu Mall but make sure it is legal.
Read More:What are things to note while buying a Commercial property in Bangalore?
How do I convince my landlord to not raise rent for a commercial property?
How do most tenants find commercial property to lease?
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How to Rent a Shop in Lulu Shopping Mall?
Bonita
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2 Year
2023-01-17T09:59:47+00:00 2023-01-17T09:59:47+00:00Comment
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