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Lease Deed

This document outlines the terms and conditions of a lease agreement between a lessor and lessee. It specifies details such as the location and rent of the leased property, the duration and renewal terms of the lease, responsibilities of maintenance and repairs, restrictions on subletting or alterations, and terms for early termination.

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Thirupathi Govindasamy
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20 views3 pages

Lease Deed

This document outlines the terms and conditions of a lease agreement between a lessor and lessee. It specifies details such as the location and rent of the leased property, the duration and renewal terms of the lease, responsibilities of maintenance and repairs, restrictions on subletting or alterations, and terms for early termination.

Uploaded by

Thirupathi Govindasamy
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
Download as pdf or txt
Download as pdf or txt
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LEASE DEED

THIS AGREEMENT OF LEASE is entered into on ____DAY OF


_______ 201___ :
BETWEEN :

MR__________, aged about ____ Years, Son of ______, residing at


____________________ hereinafter referred to as the LESSOR.

AND

MR__________, aged about ____ Years, Son of ______, residing at


____________________ hereinafter referred to as the LESSEE

WHEREAS
1. The LESSOR is the Owner of the property situate at
____________________ more fully described as DEMISED
PREMISES;
2. The LESSOR is desirous to lease out the said DEMISED PREMISES to
the LESSEE on the following terms and conditions.

BOTH THE LESSOR AND THE LESSEE AGREE ON THE FOLLOWING


TERMS AND CONDITIONS OF THIS AGREEMENT OF LEASE;

1. That the LESSOR is owner of the property situate at


____________________ which he has agreed to let out to the LESSEE
for lease with effect from ____________.
2. That the LESSOR let out the DEMISED PREMISES at the rent of
Rs._______/- (Rupees ___________________ Only) per month to the
LESSOR payable on or before the _____ day of every month. The
LESSEE agrees to take the aforesaid property on lease at the aforesaid
rate of rent.
3. Rs.________/- (Rupees__________ Only) will be paid by the LESSEE
to the LESSOR towards advance of this lease and vacant and peaceful
possession of the demised premises shall be handed over by the
LESSOR to the LESSEE.
4. That the duration of the lease shall be ________________ years from
the date of its commencement. The said lease can be renewed for a
further period of ______Years, upon mutual consent of the lessor and
the lessee. Any such renewal shall be effected by way of Execution
and Registration of a separate deed of Lease.
5. There shall be a rental enhancement of _____% of the basic rent after
completion of ________ Years from the date of commencement of
lease, subject to the condition that there is no breach of any of the
terms and conditions herein.
6. That the LESSEE shall be responsible for keeping the leased premises
in good shape. He shall keep all the fixtures, electric fittings and water
connections in good condition. However, the LESSOR reserves for
himself the right to inspect the premises at all reasonable times and
shall have the premises white washed and effect the substantial repairs.
7. That the LESSEE shall use the premises exclusively for the commercial
purposes and shall not sublet the premises without the written
permission of the LESSOR.
8. That the LESSEE shall, during the tenure of this agreement, pay the
electricity consumption charges regularly to the concerned authority
separately as per meter readings or bills.
9. The LESSEE shall not during the period of the Lease Agreement make
any structural alterations in the said premises without the prior written
consent of the LESSOR, but shall be at liberty to install air-conditions
and domestic electric appliances and other conveniences reasonably
required by him and which remain the property of the LESSEE and shall
be removed by him on vacating the premises.

10. That the LESSEE shall re-deliver the peaceful vacant possession
of the premises to the LESSOR at the termination of the period of lease.
LESSEE intending to vacate the premises at an earlier date, shall give
_______ MONTHS NOTICE of his intention to the LESSOR to vacate
the premises at the expiry of the period mentioned in the notice.
11. It is agreed that if the LESSEE commits a breach of the terms by
doing any structural changes in the premises or non payment of rent
etc., the LESSOR shall be entitled to revoke the lease granted after
giving the LESSEE ______ MONTHS written notice.

SCHEDULE OF PROPERTY
(DEMISED PREMISES)

IN WITNESSES WHEREOF THE LESSOR AND THE LESSEE HAVE


SIGNED THIS DEED ON THE DAY AND YEAR FIRST ABOVE WRITTEN.

LESSOR LESSEE

WITNESSES :

1.

2.

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