Dear Client,
In the Present Scenario, for the purpose of leasing your warehouse for a 10-year term to a tenant who is intending to set up a water processing unit, it is necessary to draft a registered lease agreement under the Registration Act, detailing the lease duration, renewal terms, and rent increase details. Further, it is suggested that you include a security deposit clause , late payment penalties, and a termination clause for breaches like rent defaults or unauthorized activities. Further, you may also specify the tenant’s responsibility for routine maintenance, utility bills, operational compliance, and restoration of the premises upon lease termination. However, it is necessary that you safeguard yourself against liabilities through an indemnity clause, requiring the tenant to insure their operations and adhere to the applicable environmental and industrial laws. Further, for early termination, you may allow the party to terminate with certain months’ notice, and also include a force majeure clause for unforeseen events.
Hope you find this answer beneficial for resolving the dispute.