Typical Commercial Leasing Terms

Office Space Gurgaon

Just like every city, Gurgaon too has over a period of time arrived at what can be called a Typical Lease Terms. While all lease documents are custom built, however, over the long number of years and multiple of commercial transactions that Gurgaon Office Space has seen over these years, it is kind of become a norm to go with the below mentioned Lease Terms.

Typical Lease Terms:

In case of Custom Furnished Spaces
Base Rent (Fully Furnished) As Agreed post negotiations.
Lease Tenure 9 Years (3+3+3)
Maintenance As per the building chosen.
Rent Escalation 15% Every 3 Years
Lock-in Period (Customized Furnished Spaces) Minimum of 3 Years
Security Deposit Equivalent to 3 to 6 Months Rent
Advance Rent Equivalent to 1 to 3 Months Rent
Notice Period (After Lock-in) 2 to 3 Months
Other Terms Can be Mutually Finalized



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