Shri Ram Properties

Leasing Space

Leased space means the use and acquisition of office facilities and office and parking space pursuant to a rental agreement. No funds shall be expended for leased space except pursuant to a specific appropriation for such purpose. It protects the landlord or the owner from any damage or changes that may be done to the property. A lease agreement can also benefit the tenant since a landlord cannot increase the agreed price of the property unless the contract expires and is renewed.