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Showing posts with label LEASE DEED. Show all posts
Showing posts with label LEASE DEED. Show all posts

Saturday, 5 October 2019

LEASE DEED


LEASE DEED

An agreement made the _________________ day of ___________years between Sri./Smt._____________etc., (herein after called “the Lessor”) of the one part and Sri./Smt.____________ etc. (hereinafter called “the Lessee”) of the other part.

Whereby it is agreed as follows:

1.  The Lessor hereby demises to the Lessee all that dwelling house with the land fully described in the schedule hereto together with all out -houses, pucca well, motor garage, kitchen, pathways, passage, garden and other appurtenances thereof, situated at _____________ to hold the same to the Lessee from
___________ day of _______ for the term of ______ years (or, year to year) paying therefor during the said term the monthly rent of Rs._________

(Rupees _____________ only) payable on the first day of the month succeeding that for which the rent is due;

2.  The Lessee hereby agrees that he will during the said term (tenancy) pay all rates; taxes and other charges excluding the house tax which now are or may hereafter becomes payable in respect of the demised property;

3.   The Lessor hereby agrees as follows:-

(i)                That the Lessor shall keep the premises in good and substantial repairs during the said term and shall annually white-wash and do all necessary repairs to the out-houses and demised premises and on the Lessee giving the Lessor notice in writing of any special decays, defects and want of separation the Lessor will within one calendar month from the receipt of such notice repair and amend the same;

(ii)              That the Lessor shall repair when necessary, the well, the passages, pathways and the road connecting the provincial road with the bungalow hereby demised and shall get the well cleaned at least once a year.


4.   Provided always and it is hereby agreed as follows:

(i)                That whenever any part of the rent hereby reserved shall be in arrears for_____ months after due date or there shall be a breach of any of the covenants by the Lessee herein contain the Lessor may re-enter on the demised premises and determine this lease.

(ii)              The tenancy hereby created shall be determinable at the option of the Lessor/Lessee (or either party) by giving to Lessee/Lessor (or, the other party) ______________ calendar month’s notice in writing.


5.  It is hereby agreed between the parties that in respect of the demised premises the parties hereto shall respectively have all the rights and be subject to all the liabilities of a lessor and of a lessee as set forth in Section 108 of the Transfer of Property Act, 1882, except Clause (m) thereof which is hereby excluded.

6.   It is hereby agreed between the parties as follows:

(i)                That any demand for payment or notice requiring to be made upon or given to the Lessee shall be sufficiently made or given if sent by the Lessor or his agent through the post by registered letter addressed to the Lessee at the demised premises (or, at_______), and that notice requiring to be given to the Lessor shall be sufficiently given if sent by the Lessee through the post by registered letter addressed to the Lessor at his usual or last known place of residence or business (or; at_______) and that any demand or notice sent by post in either case shall be assumed to have been delivered in the usual course of pose.

(ii)              That wherever such in interpretation would be necessary in order to give the fullest scope and effect legally possible to any covenant or contract herein contained the expression “the Lessor” herein before used shall include the owner for the time being of the Lessor’s interest in the demised premises and the expression “the Lessee” herein before used shall include his heirs, executors, administrators and permitted assigns.

In witness whereof the parties have put their signatures hereunder on the day and the year first above -written (or, on the respective date mentioned against their signatures)

SCHEDULE

(Leased under this deed)

All the piece and parcel of immovable property bearing No.____________ Measuring  _______________

Bounded by: -



On the East

On the West
On the South
On the North

Market value of the property leased under thi s deed is Rs._____________ (Rupees____________________________________only).

The Stamp duty is paid as per Article 30 of the Schedule to the Karnataka Stamp Act, 1957.


IN WITNESS WHEREOF the parties herein have affixed their respective signatures to this deed at _______________ on this ______________ day of

______________ year in presence of the witness:

WITNESSES:

1.
LESSOR
2.
LESSEE