Checklist · Updated 13 Nov 2026

Pre-Leased Property in Mohali: 12-Point Buyer Checklist

Short answer: A pre-leased property is a shop or showroom sold with a tenant in place. It can give rent from the lease start date, but its value depends entirely on the lease deed — rent, start date, lock-in, escalation, deposit and the tenant's strength. Verify all 12 points below before paying.

Leased retail shops around an open courtyard in Mohali

How pre-leasing works

In an under-construction project, the developer (or a leasing partner) signs or arranges tenants for some units before handover. The buyer of such a unit steps into the landlord's role and receives rent as per the lease. In a ready project, the seller transfers an existing lease to the buyer.

How to calculate yield the right way

Gross rental yield = (monthly rent × 12) ÷ total cost × 100.

Example with round numbers only: if the total cost including taxes and charges is ₹1,00,00,000 and the monthly rent is ₹50,000, gross yield = 6,00,000 ÷ 1,00,00,000 × 100 = 6%. Subtract property tax, maintenance you bear and any vacancy to get the net yield. These numbers are an illustration, not Aero Plazza pricing.

The 12-point checklist

Lease or "assured return"? Make sure it is a real lease with a tenant, not a seller's promise.
Tenant identity — brand name, legal entity and track record.
Lease start date — rent often starts after possession and fit-out, not at booking.
Monthly rent — per sq. ft. and total, before and after GST.
Lock-in period — how long the tenant is bound to stay.
Total lease term and renewal options.
Escalation — typically a fixed % every few years; confirm in writing.
Security deposit — how many months, and who holds it after transfer.
Maintenance & taxes — who pays common area maintenance and property tax.
Rent-free fit-out period — months the tenant does not pay while setting up.
Registration — leases above 11 months should be registered; check stamp duty paid.
Unit match — the leased unit must match the RERA-registered plan and your allotment.

Red flags

Rent that is far above the market for that size and location.
No tenant name, or a "to be confirmed" tenant.
Lease signed by a related party of the seller.
Very short lock-in with a high rent.
Verbal promises not reflected in documents.

Pre-leasing at Aero Plazza

Aero Plazza in Aerocity, Mohali has started pre-leasing on selected units. Terms differ unit by unit and are shared on request — use this checklist to evaluate them.

General information only — not legal, tax or financial advice. Consult a lawyer or CA before signing.

Pre-Leased Property — FAQs

What does pre-leased property mean?

It is a commercial unit sold with a tenant already committed through a lease (or a lease arranged by the seller), so the buyer receives rent from the lease start date.

How do I calculate rental yield on a pre-leased shop?

Gross yield = (monthly rent × 12) ÷ total purchase cost × 100. Use the total cost including GST and charges, not just the basic price, and remember rent may start only when the lease begins.

Is assured return the same as pre-leased?

No. An "assured return" is a promise by a seller to pay a fixed amount, which carries its own risks and regulatory issues. A pre-lease is an actual lease with a tenant. Always ask which one is being offered and get it in writing.

What is a lock-in period in a commercial lease?

The lock-in is the minimum period during which the tenant cannot exit the lease (except as the deed allows). A longer lock-in gives the buyer more certainty of rent.