Precedents, Forms, Agreements, Pleadings, Notices - Chamber Practice [ chamberpractice.com ]

LEASE DEED


THIS INDENTURE OF LEASE made at ___ this___ day of ___ between___aged___, residing at___hereinafter referred to as the LESSOR (which expression shall unless it is repugnant to the context or meaning thereof, be deemed to mean and include her heirs, legal representatives, successors and assigns) of the ONE PART; AND___aged___, residing at ___hereinafter referred to as the LESSEE (which expression shall unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and permitted assigns) of the OTHER PART.

WHEREAS THE LESSOR is absolutely seized and possessed of or otherwise well and sufficiently entitled to___more particularly described in the Schedule I hereinunder written.

AND WHEREAS THE LESSOR has agreed to let out the said Flat to the LESSEE for the purpose of using the same for residence purpose only by Mr.___ and his family, upon the terms and conditions hereinafter set out.

NOW THIS INDENTURE WITNESSETH AS FOLLOWS:

1. The LESSOR doth hereby demise unto the LESSEE aforementioned Flat, more particularly described in the Schedule I herein under written (hereinafter referred to as the "Demised Premises") for a term of___yielding and paying therefore to the LESSOR a monthly rent of___payable in advance on or before the___of the month___

2. In addition to the above rentals payable by the LESSEE, a refundable interest free security deposit of ___shall also be deposited by the LESSEE with the LESSOR.

3. This lease will be deemed to have commence on___and will be valid for___

4. The LESSEE covenants with the LESSOR as follows:

a. To pay the LESSOR the monthly rent hereby reserved at the time and in the manner hereinbefore provided.
b. To use the said Demised Premises for residential purpose mentioned in last recital herein above.
c. To pay the appropriate authority all Electricity charges, in respect of the demised premises.
d. To permit the LESSOR and his agents at all reasonable times on giving ___written notice in that behalf, to enter upon the said Demised Premises for all reasonable purposes.
e. To comply with all the applicable statutory, governmental, municipal and other rules pertaining to the use of the demised premises as LESSEE and shall indemnify and keep indemnified the LESSOR against any claim made or loss suffered by the LESSOR by reason of any breach of any rule, regulation and law by the LESSEE, in respect of the said use of the demised premises.

5. THE LESSOR DOES HEREBY COVENANT WITH THE LESSEE THAT:
a. The LESSEE, paying the rent hereby reserved and other charges and observing and performing the covenants and conditions contained herein, and on the part of the LESSEE to be observed and performed, shall and will peaceably and quietly enjoy the said Demised Premises during the said term without interruption or disturbances by the LESSOR or any person or persons lawfully or equitably claiming from, under or in trust for them or any of them.
b. The LESSOR shall permit the LESSEE'S aforesaid employee peaceful and uninterrupted use and enjoyment of the Demised Premises during the entire term of the lease hereby granted.
c. To pay all maintenance charges, municipal taxes, duties, cess or fees including land assessments in respect of the said Demised Premises for the use mentioned herein.
d. To indemnify and keep indemnified the LESSEE of all actions, claims, litigation, damages etc. from third parties for all reasons attributable to any non-performance on the part of the LESSOR with respect to her obligations as the owner of the Demised premises.

6. PROVIDED ALWAYS AND IT IS HEREBY AGREED AND DECLARED AS FOLLOWS:

a. The LESSOR shall provide 2 (two) reserved car park in the building where the DEMISED PREMISES is situated.
b. Upon expiry of the lease period granted herein, the LESSEE shall have the right to approach the LESSOR for any extension thereof, which shall be on mutually agreed terms between the parties.
c. The LESSOR shall not have any right of termination of this lease before the expiry of the lease period, save and except in the event of any breach by the LESSEE, which breach remains uncertified for a period of more the ___month from the date of receipt of notice by the LESSEE from the LESSOR for rectification of the said breach. However, the LESSEE shall be entitled to terminate this Lease, by giving written notice of___to the LESSOR In case LESSEE fails to pay the rent for ------- months, the LESSOR will be entitled to terminate the lease.
d. The LESSEE shall be entitled to add, install or affix items of necessity and make modifications and/or changes in the Demised Premises therefore which may be undertaken as permissible under applicable rules, regulations, bye-laws and without affecting structural condition of the building and the Demised Premises and such modifications and /or changes by the LESSEE in the said Demised Premises shall exclusively belong to the LESSEE and LESSEE shall have the right to take away all such items of modifications and /or changes as also items added, installed or affixed in the Demised Premises, upon expiry of the lease period. PROVIDED always, that the Demised Premises shall be restored to the condition in which the same is taken by the LESSOR. PROVIDED further that the LESSEE shall indemnify and keep the LESSOR always indemnified in relation to any thing undertaken by the LESSEE in this regard.
e. There shall be no increase whatsoever in the rental and/or the security deposit money, during the term of this Lease Deed.

7. Each party hereby unconditionally undertake to indemnify and keep indemnified the other party against all loss, claims, demands, actions, penalties, prosecutions, proceedings, damages, costs, liabilities, expenses of payments of any nature whatsoever arising in any way as a consequence of any breach by either party of any term, conditions or covenants of the Lease granted herein.

SCHEDULE 1
(Description of the Property with area)

IN WITNESS WHERE OF the parties hereto have hereunder set and subscribed their respective hands to the original and duplicate hereof the day and year first hereinabove written.

SIGNED, SEALED AND DELIVERED
by the withinnamed "LESSOR" in the
presence of ____________________


SIGNED, SEALED AND DELIVERED
by the withinnamed "LESSOR" in the
presence of ____________________

ABSOLUTELY NO WARRANTIES ARE MADE REGARDING THE SUITABILITY OF THESE FORMS FOR ANY PARTICULAR PURPOSE. IT IS ADVISABLE THAT IMPORTANT DOCUMENTATIONS ARE PREPARED OR VETTED BY EXPERT. LEGAL ADVICE OF ANY NATURE SHOULD BE SOUGHT FROM COMPETENT, INDEPENDENT, LEGAL EXPERT IN THE RELEVANT JURISDICTION.