Lease Deed Format (More Than One Year, Registered)
Once a lease runs for more than one year, from year to year, or reserves a yearly rent, it can be made only by a registered instrument. A lease deed is drafted with that registration in mind.
Lease deed format
Non-judicial stamp paper or e-stamp certificate of value Rs. ______________ as applicable in the State of ______________
E-stamp certificate No. ______________ Date of issue ______________
Stamp duty depends on the State and the type of document. Confirm the correct value before printing.
LEASE DEED
This Lease Deed is executed at Delhi on 20 November 2026 BETWEEN Mahesh Gupta, S/o Shri Ramesh Gupta, residing at C-12, Prashant Vihar, Rohini, Delhi 110085 (the "Lessor") AND Brightway Retail Private Limited, through its authorised signatory Mr. Kunal Bose, a company incorporated under the Companies Act, 2013, having its address at 7th Floor, Infinity Tower, Salt Lake Sector V, Kolkata 700091 (the "Lessee").
The Lessor hereby grants to the Lessee a lease of Entire ground floor of the building at C-12, Prashant Vihar, Rohini, Delhi 110085, covered area about 1,800 square feet (the "Premises") on the following terms:
- Term: three years commencing from 1 December 2026, renewable on mutually agreed terms by a fresh registered deed.
- Rent: Rs. 90,000 (Rupees ninety thousand only) per month, payable in advance by the 7th of each month, subject to escalation of 5 percent on the existing rent at the end of every twelve months. Taxes on rent, if applicable, shall be paid as per law.
- Security deposit: Rs. 5,40,000 (Rupees five lakh forty thousand only), interest free, refundable on expiry or termination after adjusting dues.
- Lock-in: Neither party shall terminate during the first eighteen months except for breach. After that, either party may terminate by three months written notice.
- Use: The Premises shall be used only for retail store and related office use and in compliance with applicable laws and licences.
- Maintenance: Structural repairs by the Lessor; internal upkeep and fit-outs by the Lessee.
- No subletting: The Lessee shall not sublet or assign the Premises without written consent of the Lessor.
- Handover: On expiry or termination the Lessee shall hand over vacant possession in good condition, subject to normal wear and tear.
- Registration: This deed shall be registered under the Registration Act, 1908. Stamp duty and registration fees shall be borne by ______________ as agreed.
- Disputes: Courts at Delhi shall have jurisdiction.
WITNESSES
1. Name: ______________
Address: ______________
Signature: ______________
2. Name: ______________
Address: ______________
Signature: ______________
Presented at the office of the Sub-Registrar ______________ on ______________
Registered as Document No. ______________ Book No. ______________ Volume ______________
Registration fee and stamp duty as per the rules of the State: ______________
Drafting note: A lease of immovable property for any term exceeding one year, from year to year, or reserving a yearly rent can be made only by a registered instrument (section 107, Transfer of Property Act, 1882 and section 17, Registration Act, 1908).
Notarised / attested on ______________ by ______________ Registration No. of notary ______________
Registration
A lease of immovable property from year to year, for any term exceeding one year, or reserving a yearly rent must be registered: section 17 of the Registration Act, 1908 lists it among compulsorily registrable documents, and section 107 of the Transfer of Property Act, 1882 says such a lease can be made only by a registered instrument. A lease for one year or less is optional to register under section 18. An 11-month term keeps a margin below that line, which is why it became the common practice. It is a practice, not a legal requirement, and some States require registration whatever the term: Maharashtra’s section 55 is the best known example.
Frequently asked questions
Do I need to register a 3 year lease?
Yes. A lease for any term exceeding one year must be registered under section 17 of the Registration Act and section 107 of the Transfer of Property Act.
Who pays the registration charges?
Whoever the parties agree; the deed has a blank for it.
Please note: these templates are for general information and are not legal advice. Laws, stamp duty, notarisation and registration rules vary by State. Consult an advocate for your case. This is an independent website, not a law firm and not a government office.