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- LEASE DEED
-
-
- THIS LEASE
DEED is made at___on 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 the owner and in possession of
the property bearing no___ more
particularly described in the Schedule
annexed hereto;
-
- AND WHEREAS
the Lessee approached the Lessor for
lease of the said property;
-
- AND WHEREAS
the Lessor has agreed to lease out the
said property, described in the schedule,
to the lessee on the following terms and
conditions:
-
- NOW THIS DEED
WITNESSETH AS FOLLOWS:
-
- 1. That the
lease will commence from___and shall be
for an initial period of ___ years.
However, the lease may be extended for
another period of___ years on mutually
acceptable terms.
- 2. That the
rent for the lease, exclusive of
electricity, water and maintenance
charges, is Rs___ per month , payable in
advance by the 7th day of every month.
- 3. That the
lessee shall pay all the other charges of
electricity, water, maintenance etc.
directly to the person or authority
concerned.
- 4. That the
house tax or any other charges, fee or
taxes attributable to the lessor shall be
borne by lessor only.
- 5. That the
lessee shall keep the demised property in
reasonable tenantable condition and shall
hand over the possession of the same to
the lessor after expiry of the term of
lease or earlier determination of the
lease.
- 6. That the
lessee shall not make any additions,
alterations or modifications in the
structure or layout of the property
without the consent of the lessor.
- 7. That the
lessee shall allow the lessor or any of
his agents or employees ingress into the
property at reasonable hours of the day
for the purpose of inspection or to carry
out any repairs.
- 8. That the
lessee shall not sublet or part with
possession of the said property without
the written consent of the lessor.
-
- IN WITNESS
WHEREOF the Lessor and the Lessee have
signed this lease on the date mentioned
above.
- Signed Sealed
and Delivered by the
- withinnamed
"LESSOR" Mr.______
- in the
presence of ______________
- Signed Sealed
and Delivered by the
- withinnamed
"LESSEE" Mr.______
- in the
presence of ______________
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- 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.
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