The lease guarantee provided in the Omaxe Dwarka commercial complex is usually a financial promise made by the developer, which is typically signed to give the prospective buyer or investor confidence in the commercial complex. Here’s how it generally works:
Assured Returns: The developers may also offer a gross lease guarantee when buying commercial property at the Omaxe Dwarka complex. This is the situation where the developer undertakes to pay a stated price for rent on the property for a given interval, though s/he is unable to attract tenants to the property.
Time Frame: This lease guarantee may be a short-term lease guarantee or a long-term lease guarantee depending on the period of agreement by the lessor and the lessee. It could last 3, 5, or up to ten years. At this stage, you will be receiving a fixed sum monthly or quarterly from the developer.
Amount: The sum that the lessee receives under the lease guarantee is sometimes shown as a percentage of the property’s price. For example, the developer might offer you 8–10% of the property’s price per year.
Security for Investors: Such a structure makes a lot of sense to investors because if the commercial space is not leased quickly, there is still a steady income to expect.
Transfer of Lease: After the lease guarantee period is over, you either take over the management of the property and find tenants yourself or the developer helps in securing tenants to occupy the property and generate rent.
Terms and Conditions: It is usual in the sale contract to detail the specifications of the lease guarantee, which include the guarantee lease period, payment frequencies, or conditions that may warrant a claim on the guarantee. These terms should be discussed with careful attention to make sure that after going through the terms you understand the rights and responsibilities that come with such status.
This lease guarantee scheme is designed to increase the sales of commercial properties because it offers an assurance of the investment that buyers make in the property and the income during the lease, which is usually limited to 7 years.