Commercial space rental agreement template, Rental contracts are generally made between the tenant and landlord to avoid any type of dispute in future that may demand legal action. Disputes and controversies often crop up in renting a house for domestic purpose or leasing any industrial space.
Disputes can arise from trivial things and thus a rental contract template can save both the renter and the landlord from unnecessary harassment. Maintenance charges, number of occupants, whether other amenities like net, room heaters are provided or not, whether cooking is permitted, keeping pets are permitted or not, duration of occupancy by the tenant are clearly defined in the contract template. The payment date for the rent and the clause for defaulters, mode of payment are made clear in the template. If all the requirements are clearly mentioned then both the landlord and the tenant will give another thought before breaking up the specified norms and will be extra cautious to abide by the contract terms. General trend of people is to finalize the arrangement via handshake, but in events of postings a legalized document might be the tool for effortless solution.
Rental contracts only supply the recorded version of verbal agreement which if required can be used for lawful purpose. Verbal agreements are also legal but that cannot be enforced by legislation, as there are no witnesses in these arrangements and it becomes hard for the court to learn the truth.
Rental contract templates are sometimes available free but they don’t include all the clauses and may omit some vital points. It is much better to get a rental contract template by professional lawyer or purchase a set of contract forms written by professionals. Definitely the terms and conditions of the contracts differ from those of domestic purpose and industrial intent.
There should be two copies of rental contracts, a copy of which must be with both the renter and the landlord and must be duly signed by them in the presence of witnesses.
To cut short such contractual arrangement also prevents misunderstanding and helps to maintain a good connection between the two the interested parties. Have a look the sample of commercial space rental agreement template below at the attachment page.