In Mumbai, Thane and Navi Mumbai, the typical agreement which is executed is generally called "Leave and License Agreement." This agreement can be executed for a term anywhere between 12 to 60 months.

This agreement is popular both between the Owner and Companies. Generally, in case of Companies, the owners prefer to give their commercial properties to either Ltd. Companies with Paid up Capital of 1 Crore or Foreign Entities which have set up liaison offices or BPO's in Mumbai.

The Financial terms are usually 6 - 12 Months as Security Deposit and a monthly or a quarterly rent in advance.

Most of the owners, however prefer to sign a contract for 3 years with renewable options with either a lock in period or escalations built in.

For Further advice on leasing commercial property in Mumbai in detail, please feel free to call on +91 9869212550 or mail info@hindustanproperty.com

We would be glad to send you a draft commercial leave and license agreement for your kind review, please send us your email address and we will forward you a draft template.