Deed Of Surrender Of The Whole Property Legal Draft Template

This Deed of

Surrender is made at ............ this ......... ... day of ............, 2000,

between Mr. A of ............ hereinafter referred to as the Lessee of the One

Part and Mr. B of ............ hereinafter referred to as the 'Lessor' of the

Other Part,Whereas by a Deed of

Lease dated the ...day of ......... made between the said Lessor of the one

part and Mr. X therein referred to as the 'Lessee' of the other part, the

lessor demised unto the said Mr. X all that piece of land situate at

......... and more particularly described in the Schedule thereunder

written being the same as described in the Schedule hereunder written for a

period of 99 years at the monthly rent of Rs........ and on the covenant, terms

and conditions mentioned therein and which deed of lease has been registered at

the office of the Sub- Registrar at ............ under S. No ............. of

.......... In Book No. 1 on the day of ............And Whereas the said

land was so demised to enable the said Mr. X to set up an Industrial Factory

thereon for manufacturing.And Whereas the said

Mr. X put up factory on the said land and was running the same for some time

and thereafter sold the sameAnd Whereas by virtue

of the several mesne assignments of the said lease and the leasehold premises,

the leasehold Interest in the said land has now become vested in the. Lessee

being the Party hereto of the First Part.And Whereas the

Lessee having been unable to run the said factory, has closed the same and sold

and removed all the machinery articles and things lying therein.And Whereas the

Lessee does not now require the said land and has offered to surrender the

lease to the Lessor provided the Lessor pays to the Lessee the depreciated

costs of the said factory building on the demised land fixed at Rs

............. and which offer the lessor has accepted.Now This Deed

Withnesseth that pursuant to the said agreement and for the reasons

hereinbefore recited and in consideration of the said sum of Rs .............

paid by the Lessor to the Lessee on the execution of these presents as the

present cost of the factory building (receipt whereof the Lessee doth hereby

admit) the Lessee as the beneficial owner doth hereby assign by way of surrender

of the said lease the said leasehold land with the factory building thereon and

more particularly described in, the Schedule here under written unto and to the

use of the Lessor with the Intent and purpose that the remaining period of the

term of the 99 years granted by the said Deed of Lease in respect of the said

piece of land shall cease and come to an end and become merged and be

extinguished in the reversion immediately expectant thereon In favour of the

Lessor and the Lessee's Interest thereon shall revert back to the Lessor so

that the Lessor shall hereafter hold the said land and a structure thereon

described In the Schedule hereunder written as full owner and free from the

said lease and from all liability, claims or demands in respect of all breaches,

if any, of the covenants contained In the said lease or otherwise arising

thereunder And the Lessee hereby covenants with the Lessor that the Lessee has

not done any act, deed or thing whereby or by means whereof he is in any way

prevented from surrendering the said land with the structure thereon to the

Lessor in manner aforesaid.IN WITNESS WHEREOF

the Lessee has put his hand the day and year first hereinabove written.THE SCHEDULE ABOVE

REFERRED TOSigned and deliveredby the with in name

lessee Mr. A ............ In the presence of ............