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Deed Of Renewal Of Lease Legal Draft Template

Category Agreements Lease Lisence And Lease Financing
Format
File name Deed of Renewal of Lease

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This Deed of Renewal

of Lease made at ................. this ........... day of .................,

2000, Between A, son of ................. aged about ................. years

residing at ................. (hereinafter referred to as the 'Lessor', which

expression shall include, unless excluded by or repugnant to the context, his

heirs, executors, administrators, successors and assigns) of the One Part and

B, son of ................. aged about ............ years residing at

................. (hereinafter referred to as the "Lessee", which

expression shall, unless excluded by or repugnant to the context, include his

heirs, executors, administrators, successors and assigns) of the Other Part.Whereas by a Deed of

Lease dated ................. made at ................ Between the Lessor on

the One Part and the Lessee on the Other Part (which is registered with the

Sub-Registrar of Assurances at ..................... at No . .................

in Book No. ................. and Volume No. ............... pages

................. to .............. and hereinafter referred to as "the

said principal deed") the lessor demised unto the Lessee all that the said

Bungalow situated at No. ................. together With two garages attached

thereto for a term of ....... years commencing from ................. with an

option to the Lessee to renew the said lease for a further period or periods

not exceeding ........ years in the aggregate in the manner thereunder provided

and subject to the Lessee continuing to pay the same monthly rent of Rs.

........... as stipulated therein and observing the other terms, conditions and

covenants as set out therein.And Whereas Clause

5(i) of the said principal deed provides that the Lessor will, on the written

request of the lessee made two calendar months before the expiration of the

term of the lease granted under the said principal deed, grant to the Lessee a

renewal of the said lease of the demised premises, as mentioned hereinabove.And Whereas In pursuance

of the aforesaid clause of the said principal deed, the Lessee had exercised

his option for renewal of the said lease by his letter dated ..................

for a further period of two years from ............... to ................. on

the same terms and conditions as are contained in the said principal deed.Now, Therefore, This

Indenture witnesseth that in the premises the Lessor hereby grants a renewal of

the said lease of the demised premises more particularly described in the First

Schedule hereunder written Together with the fixtures and fittings belonging to

the lessor in or upon the demised premises which are described in the Second

Schedule hereunder written (which the said First and Second Schedules are the

same as the First and Second Schedules written in the said principal deed) for

a further period of two years from .............. to ............. on the same

terms, conditions, covenants and provisions as are contained in the said

principal deed.In Witness Whereof

the lessor and the Lessee have executed these presents and the duplicate hereof

on the date and year first hereinabove written.The 1st schedule

above referred toThe bungalow is

bounded:-On the North by

Building of Shri .......................On the South by

Building of Shri .......................On the East by Road

leading to Main RoadOn the West by Road

and Open ParkThe second schedule

above referred toMain items of

fixtures and fittings in the bungalow are as under :-Nos.i.

Ceiling

fans 12ii.

Wardrobes

6iii.

Almirah

with shutters 4iv.

Wash

basins 7Signed and delivered

by the within named ASigned and delivered

by the within named BWITNESSES;1.2.

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