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The leasing process begins when the lessee agrees to enter into a leasing agreement with the lessor. After gathering information and conducting thorough research, the lessee goes to the leasing company or broker (lessor) and a lease contract is roughly negotiated and finalized between them.

In case the agreement duration is 12 months or more, the rental agreement needs to be printed on stamp paper and it needs to be registered with the Sub-Registrar's office of the area where the rented property is situated. The landlord and tenant must be present at the Sub-Registrar's office to execute the agreement.

A lease deed is a written legal document/instrument through which a lease agreement is executed. A lease deed is necessary for legal authenticity of a lease between two parties so as to be recognized in a court of law in case of a dispute.

A lease agreement is an arrangement between two parties ? lessor and lessee, by which the lessor allows the lessee the right to use a property owned or managed by the lessor for a specified period of time, in exchange for periodic payment of rentals. The agreement does not provide ownership rights to the lessee.

If you do want to assign a lease, then you will need to sign a deed of lease. An agreement to lease cannot be assigned, but a deed of lease can be assigned if you meet the right criteria.

(1) Revision of rent between the landlord and the tenant shall be as per the terms set in the tenancy agreement. (2) The landlord shall give a notice in writing to the tenant three months before the revised rent becomes due.

The leasing process typically starts with identifying the needs of business and looking out for property that can optimally fulfil them. The next step is to search for the property and approach the landlord of the suitable one. After this, you can schedule a property viewing to assess the property and move ahead.