SURRENDER OF LEASE

This deed of surrender of lease is made on this 10th day of June 2000 between X. Co. Ltd. having its Registered Office at and carrying on business, inter alia, at (hereinafter called the tenant) of the one part and Smt. AB residing at {hereinafter called the owner) of the other part.
Whereas by registered lease dated………..Mr. CD demised unto the Tenant Flat No. 3 on the 5th Floor of the building at…………… for 5 years commencing from…….at the rent of Rs…….per month, the owner paying all the rates, taxes and assessments payable or that might be imposed or assessed on the said premises by the Government or the Municipality or any other bodies and keep the Tenant indemnified therefrom and from all proceedings, costs, claims and demands in respect thereof and keep the tenanted premises in good repair.
And whereas the said premises was transferred by Mr. CD on…………to Smt. AB and the lease was extended from time to time and the last increase in rent was on….to Rs……per month.
And whereas the owner approached the tenant for vacating the said Flat No. 3 on the 5th Floor of………on various grounds.
And whereas the tenant has duly considered the request of the owner and has agreed to the request of the owner to avoid future complications and litigations.
Now therefore this deed witnesseth and the parties hereto agree as follows:
1. The said Smt. AB the owner hereby declares that she is the full owner of the said Flat No. 3 on the 5th floor, premises No………and is entitled to receive on surrender of the said flat by the tenant possession thereof and give complete discharge to the tenant from all obligations whatsoever in respect of the said flat.
2. The owner declares that there is no arrears of rent, electricity bills, or any other claim in respect of the said flat and all dues payable by the tenant upto and including the	have been received.
3. The OWNER hereby confirms and records that she has received quiet, peaceful and vacant possession of the said flat free from all encumbrances with all furniture and fixtures in the same good order and condition in which the same demised flat was let out to the tenant.
4. The owner hereby records confirms and declares that neither party has paid to the other any money by way of compensation or otherwise and this is being executed on consideration of avoiding any future litigation and avoidable expenses.
5. The parties agree and declare that in consideration of the aforesaid, the tenant has delivered peaceful and vacant possession of the said flat with all fittings and furniture and the owner has received delivery thereof including the keys of the said flat and taken vacant possession of the said fiat together with all fittings and furniture in the same condition in which the said flat was demised to the tenant after having removed all the articles and things belonging to the tenant.
6. It is declared that neither party has any claim against the other in respect of the said flat No. 3 on the 5th Floor at the premises No……. of……
7. Each party hereby releases the other from all obligations arising under the said tenancy agreement including any security deposit.
8. The owner hereby declares and undertakes to keep the tenant fully indemnified against and harmless from any action, proceedings, expenses, charges, costs and claims of whatsoever nature in relation to the said flat No. 3 on the 5th floor of premises No…….of………for delivering peaceful and vacant possession of the said flat to the owner for whatsoever reason or cause of action.
In witness whereof the parties hereto have executed this Deed on the day, month and year first above-written.
Signed, sealed and delivered by
Mr……….duly authorised by and
the Power of Attorney Holder of X Co. Ltd. on this 10th day of June 2005 in the presence of:
Signed and delivered by Smt. AB whom the contents and effects hereof have been explained by her Advocate on this 10th day of June 2005 at Calcutta in the presence of: