📝 How to Draft a Legally Binding Lease for Commercial Use

A well-drafted commercial lease protects both landlords and tenants from disputes and sets clear expectations.

Key Components of a Commercial Lease Agreement:

• Parties Involved: Full names and CNIC/NTN details

• Property Description: Complete address, floor, and size

• Lease Duration: Start/end dates with renewal clauses

• Rent Terms: Monthly rent, due date, payment mode

• Security Deposit: Amount, return conditions

• Usage Clause: Permitted business activities

• Maintenance & Utilities: Who bears what responsibility

• Exit Terms: Termination notice, penalties, handover process

• Registration: Register lease if over 11 months, especially in Punjab & Sindh

Recommendation: Use a lawyer to draft or review the lease before signing. Avoid verbal or informal agreements.