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Deed Of Surrender Of Lease - Legal Draft

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Category : Agreements Lease Lisence And Lease Financing

This Deed of

Surrender is made at ................. the ................. day of

................., 2000, Between A, son of ................. resident of

................. hereinafter called "The Lessee") of the One Part

and B, son of ................. resident of ................. (hereinafter

called "The Lessor") of the Other Part.Whereas by a Deed of

Lease made at 0................. on ................. day of .................,

2000, between the Lessor of the One Part and the Lessee of the Other Part

(which lease deed has been registered with the Sub-Registrar of Assurances at

................. on the ........... th day of ..............., 2000, as

Document No. ................. in Book No. ................. Volume No.

................. at pages No................ to ................. and is

hereinafter called the Lease Deed), the Lessor demised unto the Lessee the land

and premises described in the Schedule to the said Lease Deed (being the same

as described in the Schedule hereunder written), hereinafter called the

"demised premises" for a period of ................. years commencing

from ................. at a monthly rent of Rs. ............... on the terms

and conditions as set out in the said Lease Deed.And Whereas the

lessor proposes to develop the demised premises by constructing buildings

thereon consisting of flats and then to sell the said flats to the prospective

flat purchasers on ownership basis and has requested the Lessee to surrender

the demised premises, which the lessee has agreed to do so in the manner

hereinafter appearing.NOW THIS DEED

WITNESSETH THAT in pursuance of the said agreement and in consideration of the

sum of Rs. ................. (Rupees ................. ), (the

receipt whereof the Lessee hereby acknowledges), the Lessee as beneficial owner

hereby surrender and assign and quit claim to the demised premises demised by

the said Lease Deed unto and to the use of the Lessor TO HOLD the demised

premises unto the Lessor for all the unexpired lease term and interest created

by the said lease Deed TO the intent that the same terms and interests may

merge and be extinguished in the reversion which was immediately expectant

thereon before the execution of this Deed AND THE LESSEE hereby covenants and

declares that he has not done any Covenants act, deed or thing whereby or by

means whereof he is in any way prevented from surrendering the demised premises

from the said lease.IN WITNESS WHEREOF,

the parties have hereunto set and subscribed their respective hands the day and

year first hereinabove written.The Schedule above

referred toSigned and delivered

by the within named lessee ASigned and delivered

by the within named lessor BWITNESSES;1.2.Received from the

Lessor B a sum of Rs................. (Rupees

.................................... only) being the full consideration

payable to me under these presents.I say received.(A)LesseeWITNESSES;1.2.


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