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Deed Of Sub Lease - Legal Draft

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Category : Agreements Lease Lisence And Lease Financing

This Deed Of

Sub-Lease is made at ... this ... day of... between Mr. A residing at ...

hereinafter referred to as the Sub Lessor of the One Part and Mr. B. residing

at ... hereinafter referred to as the Sub Lessee of the Other Part ;Whereas by a Deed of

Lease dated ... made between Mr... therein and hereinafter referred to as 'the

Lessor' of the One Part and the Sub Lessor therein referred to as the Lessee'

of the Other Part and registered at the office of the Sub Registrar at ... under

S.No... of Book No.1 the Lessor demised unto the Sub Lessor as Lessee the land

and premises described in the Schedule thereunder written (being the same as

described in the first schedule hereunder written) for a term of 99 years at

the yearly rent of Rs... and on and subject to the covenants, terms and

conditions therein mentioned. And Whereas the Lease is still valid and

subsisting.And Whereas the Sub

Lessee has requested the Sub Lessor to grant to him a sublease of a portion of

the said demised premises and which portion is delineated on the plan hereto

annexed by red coloured boundary line and is more particularly described in the

second schedule hereunder written and which the Sub Lessor has agreed to grant

In the manner following.1.

Now

This Deed Witnesseth that pursuant to the said agreement and in consideration

of the rent hereby reserved and of the terms covenants and conditions

hereinafter provided the Sub Lessor doth hereby sub demise unto the Sub Lessee

the said portion of land described in the second Schedule hereunder written and

delineated on the plan thereof hereto annexed and thereon shown by boundary

line coloured red (and forming part of the land described In the First Schedule

hereunder written) hereinafter referred to as 'the sub demised land' to Hold

the same unto and to the use of the Sub-Lessee for all the residue of the

unexpired term granted by the said Deed of Lease, less three months but subject

to the earlier determination thereof as hereinafter provided and yielding and

paying there for 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 month commencing from the 5th day of the month of... next and thereafter

on or before the 5th day of each and every succeeding month during the

continuance of the lease.2.

The

Sub Lessee, with a view to bind himself and his heirs, executors or

administrators covenants with the Sub Lessor as followsa. To observe and

perform all the terms, covenants and conditions contained in the said Deed of

Lease to the extent and so far as they are applicable to the sub demised land

as if they were Incorporated In these presents and not to commit breach of or

do any act contrary to any of the said terms, covenants and conditions.b. To pay land revenue

and other taxes payable in respect of the sub demised land In the same

proportion which the area of the sub demised land bears to the total area of

the land described in the First Schedule hereunder written.c. To pay the monthly

rent as aforesaid regularly to the Sub Lessor.d. To pay all Municipal

and other taxes, rates, cess and other levies on the building and structures if

any constructed thereon, to the Govt. or any local authority.e. Not to cause nuisance

or annoyance to the adjoining owners and occupants.f. Not to assign,

mortgage or sublet or otherwise part with possession thereof In favour of any

other person, without the prior written consent of the Sub Lessor.g. To Indemnify and keep

indemnified the Sub Lessor against any loss. costs, charges and expenses that

he may suffer or incur on account of breach of any law, rules and regulations

of the Govt. or any local authority, or breach of any term or covenant of the

said Deed of Lease or of these presents.h. To use the sub

demised land for the purposes of1.2.3.

The

Sub Lessor doth hereby covenant with the Sub Lessee thata. The Sub Lessor has in

himself good right. and full authority to sub demise the said portion of the

land described in the Second Schedule hereunder written in the manner

aforesaid.b. On the Sub Lessee

paying the monthly rent regularly on due dates and observing and performing the

covenants. term and conditions herein contained and those contained in the said

Deed of Lease and on the part of the Sub Lessee to be observed and performed he

shall peacefully and quietly hold, possess and enjoy the Sub demised land

together with the buildings and structure if any standing thereon during the

term hereby created, without any eviction, Interruption, disturbance, claim or

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

equitably claiming by, from or in trust for him.4.

And

it is hereby agreed and declared as an express term of this lease that If the

Sub Lessee commits default in payment of more than two monthly instalments of

rent or commits breach of any covenant, term or condition contained In these

presents or In the said Deed of Lease, or If the Sub Lessee is adjudged

insolvent, then and any of such cases or events, the Sub Lessor shall be

entitled thereunder to enter upon the sub-demised land or any part thereof in

the name of the whole and thereupon this sub-demise shall determine without

prejudice to any other right conferred. on the Sub Lessor by these presents or in

law Provided that, If within the period given In the notice to be served upon

the Sub Lessee for payment of arrears of rent or remedying to the satisfaction

of the Sub Lessor the breach of any term, covenant or conditions of these

presents or the said Deed of Lease, the rent is paid or the breach is remedied,

then the notice to determine the Lease shall be deemed to have been withdrawn.5.

On

the expiration of the said period of the Sub Lease or earlier determination

thereof as aforesaid, and within a period of two months from the date of such

termination or determination the Sub Lessee shall remove all the buildings and

structures if any constructed thereon at his own costs failing which the same

shall belong to the Sub Lessor and the Sub Lessee shall be deemed to have

waived or given up his right thereto.In Witness Whereof

the Sub Lessor and Sub Lessee have put their hands the day and year first

hereinabove written.THE FIRST SCHEDULE

ABOVE REFERRED TO THE SECOND SCHEDULE ABOVE REFERRED TOSigned and delivered

by the with in named Sub Lessor ... in the presence ofSigned and delivered

by the with in named Sub Lessee... in the presence of


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