Kaagazaat

Tenant Improvement Cost-Sharing Agreement

At a glance

Price: ₹399 · GST included
Stamp duty: This Agreement records the Landlord's promise to contribute towards the Tenant's cost of the Works and the mechanism for paying, releasing or crediting that contribution.
Registration: Not compulsorily registrable as drafted.
Witnesses: Not required.

₹399

GST included

Launch period: downloads are free for now. The prices shown apply once payments open.

Guided questions, full draft on screen, download in Word.

See all prices

Also called

Tenant Improvement Allowance Agreement
TI Allowance Agreement
TIA Agreement
Landlord Contribution to Fit-Out Agreement
Landlord's Contribution to Tenant's Works Agreement
Fit-Out Contribution Agreement
Improvement Allowance Letter
Build-Out Allowance Agreement

Whether you can fill this in here

You can fill this in here

You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

Fill this one in

Why you need it

When you need it

A separate, binding promise from the Landlord to put money into the Tenant's fit-out, over and above any rent-free period — the Tenant Improvement Allowance that larger office, retail and industrial deals in Mohali IT City, a Chandigarh business tower or a Ludhiana industrial shed are increasingly negotiated with, and which a rent-free fit-out clause in the Lease does not itself pay for. Records the amount or the per-square-foot basis of the Allowance, what costs qualify against it, how and when the Landlord pays, releases or credits it, what happens to any part the Tenant does not use, and — the point a landlord's counsel asks about first — whether the Tenant has to give any of it back if it leaves before the Lease term is up. Supplemental to an existing Lease of the Premises in Punjab or Chandigarh, and, where the Works need the Landlord's consent, to a separate Fit-Out Agreement or to consent recorded in the Lease itself — clause 1.3 of this Agreement asks which of those governs the Works and does not attempt to grant that consent itself. Sign the Lease, and the Fit-Out Agreement if there is to be one, first or alongside this Agreement; this Agreement adds nothing to either about the scope of the Works, contractor approval or working hours. Not for: a rent-free fit-out period with no landlord contribution beyond the waived rent — record that in the Lease or in a Fit-Out Agreement instead; a landlord-built turnkey fit-out the Landlord recovers from the Tenant as amortised rent from the start of the Lease, which is a term of the Lease itself rather than a separate allowance; a residential letting; or premises outside Punjab and Chandigarh.

See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

This Agreement records the Landlord's promise to contribute towards the Tenant's cost of the Works and the mechanism for paying, releasing or crediting that contribution. Clause 8.2 records that, except to the extent clause 4.1 allows a credit against Rent under the mechanism chosen there, this Agreement does not vary the Rent or any other term of the Lease and does not transfer, create, limit or extinguish any right, title or interest in the Premises — so nothing in it attracts the stamp duty charged on a lease of immovable property, whether the Premises are in the State of Punjab or in the Union Territory of Chandigarh. What this Agreement does create is a written agreement between the Parties on the Allowance, and an agreement not otherwise specifically provided for is chargeable under Article 5 of Schedule I-A to the Indian Stamp Act, 1899 as applicable in the State of Punjab and as applicable in the Union Territory of Chandigarh, at a fixed duty rather than one computed on the Allowance, the Rent or the deposit under the Lease. Confirm the current figure under that Article with the Collector of Stamps or a licensed stamp vendor before this Agreement is relied on, and stamp it accordingly — an insufficiently stamped instrument cannot be acted upon or admitted in evidence until the deficiency and any penalty are paid. Where the mechanism chosen in clause 4.1 is the credit against Rent amortised over the Term, read lawyerShouldCheck on the risk of a Collector treating that credit as a variation of the Lease's rent rather than as a payment under this separate Agreement, and requiring it to be stamped as one.

Registration

Not compulsorily registrable as drafted. This Agreement creates no interest in the Premises — clause 8.2 says so — so neither Section 107 of the Transfer of Property Act, 1882 nor Section 17(1)(d) of the Registration Act, 1908 is engaged by it, in Punjab or in Chandigarh. The Lease is a different matter: where it is for a term exceeding one year or from year to year, or reserves a yearly rent, it is compulsorily registrable in both jurisdictions, and Section 49 of the Registration Act, 1908 keeps an unregistered one out of evidence of its own terms, including the Rent the mechanism in clause 4.1 may credit against. Confirm the Lease is registered, or is genuinely not the kind that has to be, before disbursing anything under this Agreement. Where the Parties want the repayment obligation in clause 6 to bind a person who later buys the Landlord's reversion or takes an assignment of the Tenant's leasehold interest with real certainty, consider a registered supplemental deed to the Lease rather than this unregistered Agreement alone; lawyerShouldCheck says more on what an unregistered instrument does and does not bind.

Notarisation

Not required. This Agreement is a contract the Parties sign, not a deed the Registration Act reaches, and neither Punjab nor Chandigarh practice calls for a document of this kind to be notarised before it takes effect. Notarise a board resolution or other proof of a signatory's authority only if the person relying on it asks for that; a power of attorney used to sign this Agreement needs the authentication Section 33 of the Registration Act, 1908 requires only if it is also going to be used to present a document for registration, which this Agreement, being unregistered, does not itself require.

Witnesses

Not required. Neither the Transfer of Property Act, 1882 nor the Indian Contract Act, 1872 calls for an attesting witness on an agreement of this kind, and this Agreement is signed rather than executed as a deed under seal. Because real money moves under it and clause 6 can require the Tenant to repay part of what it has already received, two adult witnesses who are not parties are still worth having for the evidentiary comfort that gives if the Allowance or the repayment is ever disputed; the signature block provides for them, and the fields may be left blank if the Parties decide to sign without witnesses.

Talk to a lawyer about this document₹3,539 including GST (₹2,999 + 18% GST), per documentRequest Stamp Paper

Sample preview — placeholder answers, not your data

KAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASEDKAAGAZAAT SAMPLE — NOT PURCHASED

TENANT IMPROVEMENT COST-SHARING AGREEMENT

This Tenant Improvement Cost-Sharing Agreement (this "Agreement") is made at Chandigarh on 1 April 2026.

BETWEEN

Trishul Commercial Ventures Private Limited, a company incorporated under the Companies Act, 2013, of SCO 14, Sector 34-A, Chandigarh 160022, PAN AABCT4321F, GSTIN 04AABCT4321F1ZQ, acting through Vikram Ahluwalia, Director (the "Landlord", which expression includes its successors in interest and permitted assigns);

AND

Northline Retail India Private Limited, a company incorporated under the Companies Act, 2013, of Unit 210, Second Floor, Elante Business Park, Industrial Area Phase I, Chandigarh 160002, PAN AAFCN6789L, GSTIN 04AAFCN6789L1ZP, acting through Meera Kapoor, Director (the "Tenant", which expression includes its successors in interest and permitted assigns).

The Landlord and the Tenant are each a "Party" and together the "Parties".

RECITALS

A. By a Lease Deed dated 2 April 2026 between the Parties, registered as Document No. 2214/2026, Sub-Registrar, S.A.S. Nagar (Mohali) (the "Lease"), the Landlord granted, or is granting, the Tenant the right to occupy the premises described in clause 1.1 (the "Premises"), situated in the State of Punjab, for a term expiring on 4 April 2026, rent under the Lease running from 3 April 2026 (the "Rent Commencement Date").

B. The Tenant intends to carry out fit-out works at the Premises (the "Works"), and the Landlord has agreed to contribute towards the Tenant's cost of the Works by way of a Tenant Improvement Allowance, over and above any rent-free period given for the Works under the Lease.

C. The Parties wish to record the amount or basis of that Allowance, the costs it may be applied against, how and when it is paid, released or credited, what happens to any part not used, and what happens to it if the Tenant leaves the Premises before the end of the Term of the Lease.

D. This Agreement is supplemental to the Lease and to the instrument, if any, recording the Landlord's consent to the Works. It does not vary the Lease except as clause 8 expressly states, does not grant that consent, and does not create, transfer or enlarge any interest in the Premises.

IT IS AGREED AS FOLLOWS

THE PREMISES AND THE LEASE

1.1 The Premises are: Unit 210, Second Floor, Elante Business Park, Industrial Area Phase I, Chandigarh 160002, admeasuring 8,500 square feet of carpet area.

1.2 The Term of the Lease referred to in Recital A is the period from the date the Lease records as its commencement until 4 April 2026 (the "Term").

1.3 A separate Fit-Out Agreement and Landlord's Consent to Works between the Parties governs the scope of the Works, the approved drawings, contractor approval, working hours, statutory approvals and insurance, and this Agreement deals only with the Allowance; nothing in this Agreement is or operates as consent to carry out the Works.

THE ALLOWANCE

2.1 The Landlord shall contribute towards the Tenant's cost of the Works by way of a Tenant Improvement Allowance (the "Allowance"), calculated on a fixed lump sum stated in this Agreement, payable irrespective of the actual carpet, built-up or chargeable area of the Premises.

2.3 The Allowance shall not exceed ₹42,50,000 (Rupees Forty Two Lakh Fifty Thousand only) in aggregate. Where the Allowance is calculated under clause 2.2, ₹42,50,000 (Rupees Forty Two Lakh Fifty Thousand only) is the figure the Parties intend that calculation to produce on the area stated in clause 1.1, and if the two are inconsistent this clause 2.3 prevails.

2.4 The Landlord owes the Allowance, and any part of it, only in the manner and subject to the conditions stated in clauses 3 to 6, and does not owe it as a debt due on demand independently of them.

Questions about this document

Does the Tenant Improvement Cost-Sharing Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

What this Agreement does create is a written agreement between the Parties on the Allowance, and an agreement not otherwise specifically provided for is chargeable under Article 5 of Schedule I-A to the Indian Stamp Act, 1899 as applicable in the State of Punjab and as applicable in the Union Territory of Chandigarh, at a fixed duty rather than one computed on the Allowance, the Rent or the deposit under the Lease. Confirm the current figure under that Article with the Collector of Stamps or a licensed stamp vendor before this Agreement is relied on, and stamp it accordingly — an insufficiently stamped instrument cannot be acted upon or admitted in evidence until the deficiency and any penalty are paid. Where the mechanism chosen in clause 4.1 is the credit against Rent amortised over the Term, read lawyerShouldCheck on the risk of a Collector treating that credit as a variation of the Lease's rent rather than as a payment under this separate Agreement, and requiring it to be stamped as one.

Does the Tenant Improvement Cost-Sharing Agreement need registration in Punjab and Chandigarh?

Where the Parties want the repayment obligation in clause 6 to bind a person who later buys the Landlord's reversion or takes an assignment of the Tenant's leasehold interest with real certainty, consider a registered supplemental deed to the Lease rather than this unregistered Agreement alone; lawyerShouldCheck says more on what an unregistered instrument does and does not bind.

What does the Tenant Improvement Cost-Sharing Agreement cost on Kaagazaat?

₹399, GST included.

Launch period: downloads are free for now. The prices shown apply once payments open.

Does the Tenant Improvement Cost-Sharing Agreement need witnesses?

Often needed with this document

Back to Commercial, retail and industrial leasing