COMMERCIAL LEASE AGREEMENTS IN REFERENCE TO LEGAL IMPLICATIONS AND TENANT RIGHTS”
AUTHOR – MS. SALONI ALLADWAR, STUDENT AT DECCAN EDUCATION SOCIETY’S SHRI. NAVALMAL FIRODIA LAW COLLEGE, PUNE
BEST CITATION – MS. SALONI ALLADWAR, COMMERCIAL LEASE AGREEMENTS IN REFERENCE TO LEGAL IMPLICATIONS AND TENANT RIGHTS”, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 4 (4) OF 2024, PG. 117-122, APIS – 3920 – 0001 & ISSN – 2583-2344.
Abstract
Leasing Confidence, Shielding Rights: Where Legal Precision Meets Tenant Security. Commercial lease agreements, evolving over time, these agreements have undergone transformations, reflecting shifts in legal frameworks, landlord-tenant dynamics, and a growing emphasis on tenant rights, ultimately shaping the landscape of commercial real estate. Commercial lease agreements, shaped by evolving legal frameworks, currently emphasize increased tenant rights, integrate technology for efficient management, consider sustainability factors, and may reflect the impact of global events such as the COVID-19 pandemic, all within the context of prevailing market trends and economic conditions. Commercial lease agreements are legal contracts governing the rental of business properties. They outline terms such as rent, lease duration, and maintenance responsibilities. Emphasizing tenant rights, these agreements are influenced by evolving legal frameworks and market trends, with considerations for sustainability and the impact of global events, shaping the present landscape of commercial leasing. The research seeks to address gaps in the current understanding of how legal provisions contribute to or hinder the equitable relationship between commercial landlords and tenants, ultimately exploring avenues for enhancing the fairness and efficacy of commercial lease agreements. Evolving legal frameworks significantly impact the equilibrium between landlords and tenants, with the implementation of tenant rights, technological integration, sustainability considerations, and global events playing pivotal roles in shaping the dynamics of commercial lease agreements. Implementing standardized guidelines for commercial lease agreements, incorporating comprehensive legal provisions to bolster tenant rights, enhance transparency, and streamline dispute resolution processes, thereby fostering a more equitable and efficient leasing landscape. To address these challenges the researcher has undertaken the topic to study the meaning and to analyze the impact of legal provisions on tenant rights in commercial lease agreements, identify areas for improvement in the existing framework, and propose reforms aimed at fostering fairness, transparency, and efficiency in the landlord-tenant relationship.
Keywords: Contract, Commercial Agreement, Lease Agreement, Landlord, Tenant.