Surrender Of Lease Legal Draft Template
| Category | Agreements Lease Lisence And Lease Financing |
| Format | |
| File name | Surrender of Lease |
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Industry-standard template for reference. Adapt it with DraftPilot (AI copilot), compare clause-by-clause in our comparison workspace, or download and edit offline. Consult a qualified advocate before filing or execution.
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This Deed of
Surrender is executed on the day.of between A s/o..r/o.(hereinafter called lessee) and B s/o.. r/o .
(hereinafter called lessor)Whereas vide lease
deed dated.the lessor had granted .to the lessee a lease for years in
respect with plot no..at ..And Whereas the lease
has agreed to surrender the aforesaid plot to the lessor at this request for a
consideration of RsThis Deed On
Surrender Witnesses as Under :-1.
The
lessee hereby surrenders and yields to the lessor the property described
hereinafter for the consideration of a sum of Rs..paid by the lessor to
the lessee (The receipt whereof the lessee hereby acknowledges).2.
All
the interests of lessee in the property aforesaid under or by virtue of the
lease deed dated..may be absolutely extinguished from the date of this deed.3.
The
lessee hereby release the lessor from all obligations arising under the lease
aforesaid. The lessor shall be entitled to take possession of the plot at any
time after giving to the lessee seven days notice in writing.IN WITNESS WHEREOF,
the lessor and lessee have signed this deed in the day and years first above
written.Witness.
LessorWitness.
Lessee