Deed Of Lease (for A Term Of Years) - Legal Draft

This Deed of Lease is

made at ..... this ..... day of ...... between A of ..... hereinafter called

'The Lessor' of the One Part and B also of ..... hereinafter called 'The

Lessee' of the Other Part.Whereas the Lessor is

absolutely seized and possessed of or otherwise well and sufficiently entitled

to the land and premises described in the Schedule hereunder written.And Whereas the

Lessor has agreed to grant to the Lessee a lease in respect of the said land

and premises for a term of .... years in the manner hereinafter appearing.Now This Deed

Witnesseth as Follows:1.

In

pursuance of the said agreement and in consideration of the rent hereby

reserved and of the terms and conditions, convenants and agreements herein contained

and on the part of the Lessee to be observed and performed the Lessor doth

hereby demise unto the Lessee all that the said land and premises situated

at...............and described in the Schedule hereunder written

(hereinafter for the brevity's sake referred to as 'the demised premises') to

hold the demised premises unto the Lessee (and his heirs, executors,

administrators and assigns) for a term of ....... years commencing from the 1st

day of ....., 2000, but subject to the earlier determination of this demise

as hereinafter provided and yielding and paying therefor during the said term

the monthly ground rent of Rs ........ free and clear of all deductions and

strictly in advance on or before the 5th day of each and every calendar month.

the first of such monthly ground rent shall be paid on the 5th day of .......

and the subsequent rent to be paid on or before the 5th day of every succeeding

month regularly.2.

The

Lessee hereby for himself, his heirs, executors, administrators and assigns and

to the intent that the obligations herein contained shall continue throughout

the term hereby created covenants with the Lessor as follows:a. To pay the ground

rent hereby reserved on the days and in the manner aforesaid clear of all

deductions. The first of such monthly rent as hereinbefore provided shall be

paid on the 5th of ....... and the subsequent rent shall be paid on the 5th day

of every succeeding month regularly and If the-ground rent is not paid on the

due dates the Lessee shall pay interest thereon at the rate of ....... % per

annum from the due date till payment, though the payment of Interest shall not

entitle the Lessee to make default in payment of rent on due dates.b. To bear pay and

discharge the existing and future rates. taxes and assessment duties, cess,

impositions, outgoing and burdens whatsoever which may at any time or from time

to time during the term hereby created be Imposed or charged upon the demised

land and the building or structures standing thereon and on the buildings or

structures hereafter to be erected and for the time being standing on the

demised land and payable either by the owners, occupiers or tenants thereof and

to keep the Lessor and his estate and effects Indemnified against all such

payment. The annual Municipal and other taxes at present are Rs...c. To keep the buildings

and structures on the demised premises ,in good and tenantable repairs in the

same way as the Lessor is liable to do under the law provided that if the

Lessee so desires he shall have power to demolish any existing building or

structure without being accountable to the Lessor for the building material of

such building and structure and the Lessee shall have also power to construct

any new buildings in their place.d. The Lessee shall be

at liberty to carry out any additions or alterations to the buildings or

structures at present existing on the demised premises or to put up any

additional structures or buildings on the demised premises In accordance with

the plans approved by the authorities at any time or from time to time during

the subsistence of the term hereby created.e. Not to sell or

dispose of any earth, gravel or sand from the demised land and not to excavate

the same except so far as may be necessary for the execution of construction

work.f. To use or permit to

be used the buildings and structures to be constructed on the demised premises

for any and all lawful purposes as may be permitted by the authorities from

time to time.1.2.3.

The

Lessor doth hereby covenant with the Lessee that:a. the Lessor now has in

himself good right full power and absolute authority to demise unto the Lessee

the demised premises and the buildings and structures standing thereon In the

manner herein appearing..b. that on the Lessee

paying the said monthly ground rent on the due dates thereof and in the manner

herein provided and observing and performing the covenants. conditions, and

stipulations herein contained and on his part to be observed and performed

shall and may peaceably and quietly hold, possess and enjoy the demised

premises together with the buildings and structures standing thereon during the

term hereby created without any eviction, interruption, disturbance, claim and

demand whatsoever by the Lessor or any person or persons lawfully or equitably

claiming by, from, under or in trust for him.1.2.3.4.

It

is hereby agreed and declared that these presents are granted on the express

condition that if the said monthly ground rent or any part thereof payable in

the manner hereinbefore mentioned shall be An arrears for the space of three

months after the same shall have become due and payable on any of the said days

wherein the same ought to be paid as aforesaid whether the same shall or shall

not be legally demanded or If any of the covenants and stipulations herein

contained and on the part of the Lessee to be observed and performed shall not

be so observed and performed by the Lessee or If the Lessee shall raise an

objection to the amount of the monthly ground rent hereby fixed for any reason

whatsoever then and in such event it shall be lawful for the Lessor or any

person or persons duly authorised by him in that behalf at any time hereafter

to enter into and upon the land and premises and the buildings and structures

constructed or to he constructed thereon or any part or parts thereof in the

name of the whole and the same to have, possess and enjoy and thereupon this

demise shall absolutely determine but without prejudice to the right of action

of the Lessor in respect of any breach of any of the covenants by the Lessee

herein contained PROVIDED ALWAYS that, no re-entry shall be made under the

foregoing power for breach of the covenants and stipulations herein contained

and on the part of the Lessee to be observed and performed (save and except the

covenant for payment of rent) unless and until the Lessor shall have given to

the Lessee a notice in writing specifying the covenants and conditions or

stipulations which require to be complied with or carried out and the Lessee

shall have failed to comply with or carry out the same within one month from

the date of the receipt of by such notice.5.

And

it is hereby expressly agreed and declared between the parties as followsa. On the expiration of

the term hereby created or earlier determination under the provisions hereof

all the buildings and structures standing on the demised land shall

automatically vest in the Lessor without payment of any compensation therefor

by the Lessor to the Lessee.b. The Lessee shall not

be entitled, without obtaining In writing the permission of the Lessor, to

assign mortgage, sublet (except to the extent of creating monthly tenancies) or

otherwise part with possession of the demised premises or any of them or any

part thereof and the buildings and structure standing thereon though such

permission shall not be unreasonably withheld.IN WITNESS WHEREOF

the Lessor and the Lessee have put their respective hands on the original and

duplicate hereof the day and year first herein above written.THE SCHEDULE ABOVE

REFERRED TOSigned and delivered

by thewithinnamed Lessor

........ in the presence of ........Signed and delivered

by thewithinnamed Lessee

........ in the presence of ........