I have one Firm and having 5 partners and firm now decided to give their building for lease rentals to different shops.
Now my query is while drafting lease agreement, whether we need to draft in the name of Firm and representing firm by any one active partner name is enough
or
we have to mention the Firm name and down we need to write all partners and their address in "LESSOR" column
which correct as per legally. please advice on this issue.
In addition to this, please share if any draft copy of shoppes lease rental agreement documents by Firms
18 February 2015
THIS LEASE AGREEMENT HAS BEEN EXECUTED ON __TH DAY OF ______,2015 BETWEEN MR..... (HEREINAFTER TERMED AS OWNER OF THE PROPERTY AND INCLUDES ITS EXECUTORS) AND MR.... ACTING AS PARTNER ON BEHALF OF NAME OF THE FIRM.