Invested in Commercial Property in Pune? Rent it like this!

Finding tenants for your commercial space can be a daunting task. However, many times, we tend to forget to make a legal document or agreement and later just register the lease document after the tenant is finalized!

Investments in commercial properties in a city like Pune have increased over a period of time. However, renting out these commercial properties/spaces often become a tough task. One needs to have an in-depth understanding of the various aspects of giving the commercial property on lease to a tenant. 

If you have been thinking about renting your commercial property, here are some tips and guidelines that you must know before you rent out your property:

Naiknavare Developers: Commercial Projects

#1 Find your tenant: Well, sounds too simple to do, but, can actually take a lot of time in some cases. Finding a suitable tenant is the first and foremost step in leasing a commercial property. If this is taking time, you can take help from an agent to hire the suitable tenant. 

#2 Negotiating on terms & conditions: We suggest you to have pre-decided terms and conditions before preparing the final lease agreement or the tenant. Also, the terms and conditions such as who will be paying the maintenance charges should be well clarified beforehand.

#3 Signing the agreement: Once the tenant is finalized, decide on the terms and conditions for mentioning in the lease agreement. The tenure or the duration of the lease varies from one state to another.

#4 Registering the Lease: This lease agreement should be registered with the concerned authorities by paying the stamp duty and registration costs. Also, keep in mind that no stamp duty or registration costs are payable on the amenities or services agreement. 

We hope these tips were helpful for you!

Also, if you are in search of your 4 BHK apartments in Pune, you can explore some of our residential projects in Viman Nagar. At Naiknavare Developers, we believe in providing better living and lifestyle experiences in our residential projects.