- Introduction: Our platform focuses on specific administrative/legal needs of people concerning renting premises for commercial purposes.
- Why is the process needed: When one rents property or premises for commercial purposes, he/she obtains a Rent Lease /Commercial Lease from the owner of the Property.
The Rent Lease/Commercial Lease will be the title document to the office or shop.
The benefit of the above process is that the Lessor will receive payments in respect to the Premium of the Premises and on the other hand, the Lessee will be officially registered as the owner of the premises in question.
- Risk/what happens if the process is not undertaken: Lack of the proper documentation to prove that you are indeed the Lessee has many legal repercussions as you not only do not have proof of ownership but you can also be denied exclusive possession to the premises where they is contention.
Set out below is a summary of the requirements, the procedure and the time frame for renting premises for commercial purposes