The Master Lease Agreement serves as a foundational document for establishing long-term leasing relationships in the Indian market. It is particularly useful when parties anticipate multiple lease transactions or when managing a portfolio of properties under consistent terms. The agreement incorporates requirements from Indian property law, contract law, and state-specific regulations, ensuring compliance with local registration and stamp duty requirements. This Master Lease Agreement is designed to provide a standardized yet flexible framework that can accommodate various property types and use cases, while addressing specific Indian legal and regulatory requirements such as those under the Transfer of Property Act and state rent control laws. It includes provisions for rent determination, maintenance responsibilities, permitted use, and dispute resolution, all tailored to the Indian legal context.

1. Parties: Identification and details of the lessor and lessee, including their legal status and contact information

2. Background: Context of the agreement, brief description of the property, and purpose of the lease arrangement

3. Definitions: Comprehensive definitions of terms used throughout the agreement

4. Demise and Term: Specific details of the property being leased and duration of the lease

5. Rent and Payment Terms: Rental amount, payment schedule, security deposit, and other financial terms

6. Maintenance and Repairs: Responsibilities of parties regarding property maintenance, repairs, and improvements

7. Use of Premises: Permitted use of the property and any restrictions

8. Insurance and Indemnity: Insurance requirements and indemnification obligations

9. Default and Remedies: Events of default and corresponding remedies available to parties

10. Termination: Conditions and procedures for early termination or expiry of the lease

11. Assignment and Subletting: Rules regarding transfer of lease rights or subletting the property

12. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction over disputes

13. Notices: Method and addresses for serving notices between parties

14. Force Majeure: Provisions for unforeseen circumstances affecting lease obligations

15. Entire Agreement: Confirmation that the document represents the complete agreement between parties