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Deed In Respect Of Leasehold Land - Legal Draft

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Category : Agreements Sale

This Indenture made

at .......... the .................... day of ................. 19 ...........

between ABC & CO. LTD, a company incorporated under the Companies Act, 1956

and having its registered office at .................. (hereinafer called

"the Vendors" which expression shall unless repugnant to the context

or meaning thereof be deemed to include its successors and assigns) of the ONE

PART and XYZ & CO. LTD, a company incorporated under the Companies Act,

1956 and having its registered office at ..........................

(hereinafter called 'the Purchaser" which expression shall unless repugnant

to the context c, meaning thereof be deemed to include its successors and

assigns) of the OTHER PART.Whereas by an

Indenture of sale (hereinafter called "the said sale deed") dated the

...................... (and registered with the sub-registrar of Assurances at

................. under Sr. No ................ of on the

....................... of. .......... of Book No. 1) and made between Shri X

and Shri Y of the one part and the vendors of the other part the said X and Y

conveyed unto the vendors, its successors and assigns all those pieces or

parcels of land or ground situate lying and being at village ................

in .................. in the Registration District and sub-District of

..................... ............. admeasuring ................. acres and

more particularly therein described and delineated on the plan annexed thereto

being thereto shown surrounded by red-coloured boundary line (whereof the land

more particularly described in the First Schedule hereinunder written and

intended to be hereby assigned and transferred constitutes a portion) for the

term of .................. years from the ................... at the monthly

rent of Rs .................... payable on the .day of each and every

English calendar month and subject to the covenants and conditions thereon

contained and on the part of the lessee to be performed and observed as therein

provided.And Whereas by a Deed

of Confirmation dated the ..................... (and registered with the

Sub-registrar of Assurances at Bombay under Sr. No. of ........................

on the ................... day of.. Book No. 1)

and made between ................ as administrator of the estate andeffects of the said

........ of the one part, the vendors of the other part the said

................................... did thereby adopt, ratify, confirm and

assure the said Lessee in favour of the vendors.And Whereas the

Vendors have sub-divided the entire area of ... ....... ... acres demised

........................... by the said lease into several plots (including

plot Nos . ..... and ........... more particularly described in the First

Schedule hereunder written and intended to be hereby assigned and transferred)

with common roads, etc. and had the layout duly approved by the Municipal

Corporation of..And Whereas by an

Agreement for sale dated the and made between the vendors of the one part and

the purchaser of the other part, the vendors have agreed to sell and the

purchaser has agreed to purchase the said plot Nos . ................ and

consisting of ......................... flats when completed free from all

encumbrances at or for the price to be calculated at the rate of Rs

....................... per sq. ft. of the actual total built-up area thereon

as might be by measurement as provided therein.And Whereas pursuant

to clause 2(9) of the said Agreeent to, sale, a sum of Rs .

.......................... became payable by the purchaser to the vendors pon

the execution thereof while the balance of the price calculated as aforesaid is

payable to the vendors by the purchaser by instalment. in the manner set out in

the Third Schedule thereunder written.And Whereas the

purchaser accordingly paid to the vendors the sum of Rs .

.......................... on the ............ day of .................. as

earnest money.And Whereas the

purchaser has also subsequently made further ) payments to the vendors under

the provision in that behalf contained in he Third Schedule to the said

agreement for sale as hereunder -mentioned, that is to say-Rs .

............................. on the .............. day of

......................Rs .

............................. on the .............. day of

......................Rs .

............................. on the .............. day of ......................Rs .

.............................. on the .............. day of

......................Rs .

............................. on the .............. day of

......................And Whereas the said

six buildings have at the date hereof been Instructed by the vendors upto the

plinth thereof.And Whereas for the

purpose of stamp duty the value of the said leasehold land together with the

building erections and structure is estimated to be Rs . ...............

(Rupees ..................................... ).And Whereas the

Deputy Collector and Competent Authority (ULC) . ................... appointed

under the provisions in that behalf contained in the Urban Land (Ceiling &

Regulation) Act, 1976 has given his permission to the vendors to assign and

transfer by way of sale the said land with the six buildings thereon to the

purchaser as is evidenced by his order No .................... dated

.................. day of .............. addressed the vendors, a copy of which

has been set out in the Third Schedule hereunder written.And Whereas it has

been agreed that the vendors shall retain the deeds and documents comprised in

the Second Schedule hereunder written which relate to the plots of land

intended to be hereby assigned and transferred as also to the other plots of

land retained by the vendors and shall enter into such covenants with the

purchaser with regard thereto as are hereinafter contained.NOW THIS INDENTURE

WITNESSETH that in pursuance of the said Agreement for sale and in consideration

of the sum of Rs ....................... (Rupees

........................................... ) paid on the ........... day of

....................... as deposit or earnest money as hereinabove recited and

of the further sum of-Rs .

........................ only paid on the ................. day of

.................Rs .

......................... only paid on the ................. day of

.................Rs .

......................... only paid on the ................. day of

.................Rs . .........................

only paid on the ................. day of .................Rs .

......................... only paid on the ................. day of

.................Rs .

......................... only paid on the ................. day of .................respectively by the

purchaser to the vendors (the receipt of which said sums including the earnest

money the vendors do hereby admit and acknowledge and of and from the same and

every part thereof for ever acquit, release and discharge the purchaser) and

the balance of Rs ...................... (Rupees

................................... ) or thereabouts hereafter payable as

provided in the Third Schedule to the said agreement for sale making together

the sum of Rs ..................... or thereabouts being the full consideration

money agreed to be paid as aforesaid. They the Vendors DO HEREBY ASSIGN,

TRANSFER and unto the purchaser ALL THOSE pieces or parcels of leasehold land

or ground constituting plot Nos ..................... and ................ of

the sanctioned layout and sub-division admeasuring .............. sq. yards

equivalent to .................. sq. meters bearing survey No ..............

(part), Hissa No ....................... of village in the registration Sub-

District and District of .................. and more particularly described in

the First Schedule hereunder written and delineated on the plan thereof hereto

annexed being thereon surrounded by red coloured boundary lines being a portion

of the land demised by the said lease together with all courtyards areas,

compounds, sewers, drains, ditches and fences, trees, plants, shrubs, ways,

paths, passages, common gullies, well, water, water-courses, rights, liberties,

privileges, easements, profits, advantages, rights, members and appurtenances

whatsoever to the said leasehold land or ground belonging or in anyway

appertaining and with the same or any part thereof now or at any time

heretofore usually held, used, occupied or enjoyed or reputed or known as part

or member thereof and to belong and be appurtenant thereto and all the estate

right, title, interest, property claim and demand whatsoever at law and in

equity of the vendors in to, out of or upon the said leasehold and

hereditaments and premises or any part thereof TO HAVE AND TO HOLD all and

singular the said leasehold land, hereditaments and premises and all other the

premises hereby assigned and transferred or intended or expressed to be with

their and every of their rights, members and appurtenances (all of which are

hereinafter called the said "leasehold premises") UNTO AND TO THE USE

and benefit of the purchaser, its successors and assigns henceforth for all the

residue now unexpired of the term of ninety-eight years and the renewal or

renewals thereof SUBJECT to the covenants and conditions contained in the said

lease so far as the same relate to the said leasehold premises and henceforth

on the part of the purchaser as the lessee thereof to be observed and performed

and subject further to the payment of all rents, rates, charges, assessments,

dues and duties now chargeable upon the same or hereafter to become payable in

respect thereof to Government, the Municipal Corporation of .............. or

any other local or public body or authority in respect thereof.AND THIS INDENTURE

FURTHER WITNESSETH that in further pursuance of the said agreement for sale and

for the consideration aforesaid they the vendors DO HEREBY GRANT, CONVEY,

TRANSFER AND ASSURE unto the purchaser all those the buildings, erections and

structures erected and standing or being erected thereon together with all

sewers, drains, ditches, assessments, profits, privileges, rights, members and

appurtenances whatsoever thereto belonging or in anyway appertaining and with

the same or any part thereof now or at any time heretofore usually held, used,

occupied or enjoyed or reputed or known as part or member thereof and to belong

or be appurtenant thereto and all the estate right, title, interest, property,

claim and demand whatsoever at law or in equity into out of or upon the said

buildings, erections and structures or any part thereof to have and to hold the

said buildings, erections and structures hereinbefore expressed to be hereby

granted, conveyed, transferred and assured with their appurtenances (all

hereinafter called the said freehold premises) unto and to the use of the

purchaser for ever subject nevertheless to the payment of all rates, taxes

assessments, dues and duties now chargeable upon the same or which may

hereafter become payable to Government, the Municipal Corporation of

.................. or to any local or public body or authority in respect

thereof.AND THE VENDORS DO

HEREBY COVENANT with the purchaser, its successors and assigns that

notwithstanding any act, deed,or thing by the

vendors or any person or persons lawfully or equitably claiming from, under or

in trust for the vendors done, executed, omitted or knowingly suffered to the

contrary the said lease is now valid and subsisting and not in anyway

forfeited, surrendered or become void or voidable and that the covenants and

conditions on the part of the vendors by and in the said lease reserved and

contained have been duly performed and observed upto the date of these presents

and that notwithstanding any such act, deed or thing as aforesaid the vendors

now have good right, full power and absolute authority to grant, assign and

transfer the said leasehold premises hereinbefore assigned and transferred or

expressed so to be and to grant, convey, transfer and assure the said freehold

premises unto and to hereinbefore granted, conveyed, transferred and assured or

expressed so to be unto and to the use of the purchaser in manner aforesaid and

that it shall be lawful for the purchaser from time to time and at all times hereafter

peaceably and quietly to hold, enter upon, have, occupy, possess and enjoy the

said leasehold premises hereinbefore assigned and transferred or expressed so

to be and the said freehold premises hereinbefore granted, conveyed,

transferred and assured or expressed so to be with their respective

appurtenances and receive the rents, issues and profits thereof and of every

part thereof to and for its own use and benefit without any lawful eviction,

interruption, claim or demand whatsoever from or by the vendors or from any

person or persons lawfully or equitably claiming or to claim by, from, under or

in trust for the vendors and that free and clear and freely and clearly and

absolutely acquitted, exonerated, released and forever discharged or otherwise

by the vendors well and sufficiently saved, defended, kept harmless and

indemnified by, from and against ail former and other estates, title, charges

and encumbrances whatsoever either held or to be hereafter had, made, executed,

occasioned or suffered by the Vendors or by any other person or persons

lawfully or equitably claiming or to claim by, from, under or in trust for them

and that the vendors and all persons having or lawfully or equitably claiming

any estate, right, title or interest at law or in equity in the said leasehold

premises hereinbefore assigned and transferred and the said freehold premises

hereinbefore granted, conveyed, transferred and assured or any of them or any

part thereof by, from, under or in trust for the vendors shall and will from

time to time and at all times hereafter at the request and costs of the

purchaser do and execute or cause to be done and executed all such further and

other lawful and reasonable acts, deeds, things, matters, conveyances,

assignments and assurances in law whatsoever for the better, further and more

effectually assuring the said leasehold premises and the said freehold premises

or any of them or any part thereof unto and to the use of the purchaser in

manner aforesaid as shall or may be reasonably required by the purchaser. AND

THIS INDENTURE ALSO WITNESSETH that in pursuance of the aforesaid agreement and

in consideration of the premises the vendors do for themselves, their

successors and assigns with intent to bind so far as they can all persons into

whose hands the said deeds and writings comprised in the Second Schedule

hereunder written shall come FURTHER COVENANT with the purchaser, its

successors and assigns that they the vendors shall and will unless prevented by

fire or some other inevitable accident from time to time and at all times

hereafter upon every reasonable request and at the cost of the purchaser or any

other person or persons lawfully or equitably claiming through or under the

purchaser any estate or interest in the said leasehold premises hereinbefore

assigned and transferred, produce or cause to be produced to the purchaser or

other, the person or persons or their solicitors or agents at any trial,

hearing, commission or examination or otherwise as occasion shall require all

or any of the said deeds and writings comprised in the said Second Schedule

hereunderwritten (which relate

as well to the said leasehold premises as also to other land and premises

belonging to the vendors and the possession of which is retained by the

vendors) for the proof, defence and support of the title of the purchaser, its

successors and assigns or any such other person or persons as aforesaid to the

said leasehold premises more particularly described in the First Schedule

hereunder written and hereinbefore assigned and transferred or any part thereof

and will permit the same to be examined, inspected or given in evidence and

will also at the like request and at the cost of the purchaser, its successors

and assigns or any other person or persons as aforesaid deliver or cause to be

delivered to it such attested or other copies or abstracts of or extracts from

the same deeds and writings respectively or any of them as it may require and

shall and will in the meantime unless prevented as aforesaid keep the same deeds

and writings safe, unobliterated and uncancelled provided always and it is

hereby declared that in case the vendors or their successors and assigns shall

deliver the said deeds and writings or any of them to any future purchaser or

purchasers of any of the hereditaments to which the same may relate or to any

other person or persons for the time being entitled to the custody of the said

deeds and writings and shall thereupon at their own cost and charges procure

such purchasers or purchaser persons or person to other into a covenant with

the purchaser, its successors and assigns. similar in all respects to the

covenant hereinbefore contained then and in such case and immediately thereupon

the last mentioned covenant shall cease and become and be null and void so far

as regards the deeds and writings to which the said substituted covenant shall

relate.AND THE PURCHASER

DOTH HEREBY COVENANT with the vendors that the purchaser shall and will at all

times hereafter during the continuance of the said term granted by the said

lease and the renewal or renewals thereof observe and perform the covenants and

conditions contained in the said lease in so far as the same relate to the said

leasehold premises and henceforth on the part of the purchaser as the lessees thereof

to be observed and performed and will at all times hereafter keep the vendors

effectually indemnified from and against the observance and performance of the

said covenants so far as the same relate to the said leasehold premises and all

actions, proceedings, costs, damages, expenses, claims and demands whatsoever

which may be incurred or sustained in respect thereof by reason of or on

account of the breach or non-observance or non-performance of the said

covenants and conditions or any of them.IN WITNESS WHEREOF

the vendors and purchaser have caused their common seals to be hereto affixed

the day and year first hereinabove written.The First Schedule

above referred to(Description of

Property)The Second Schedule

above referred to(List of title deeds)The Third Schedule

above referred toPermission under

Urban Land (Ceiling & Regulation) ActWITNESSES The Common

Seal of the within named vendors Saurabh and Gaurav Co Pvt Ltd was hereunto

affixedpursuant to the

Resolution of its Board of Directors passed on the day of

................................ in thepresence of Mr

................................ a Director of the Company who has signed these

presents in token thereof in the presence of ..................................The Common Seal of

the within named Purchasers Puliani Paper Manufacturing Co Ltd was hereuntoaffixed pursuant to

the Resolution of its Board of Directors passed on the

......................... day of ................... in the presence of Mr

................... and Mr ............................... Directors of the

company who have signed these presents in token thereof in the presence of:Received of and from

the within named purchaser Puliani Paper Mfg Co Ltd the aggregate sum of Rs

............ (Rupees ............................ ) as and on the dates within

mentioned the balance being hereafter payable to us as provided in the Third

Schedule to the within recited Agreement for sale ...................... Rs

.................We say receivedVendors


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