Category Archive Contracts

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Agreement for Sale of a House (Sale Agreement)

An agreement of sale constitutes the terms and conditions of sale of a property by the seller to the buyer. These terms and conditions include the amount at which it is to be sold and the future date of full payment.

Draft of Agreement for Sale of a House


This Agreement of sale made at ……………… on this ………….. day of ………………. 20___, between A son of ………………… resident of ……………… hereinafter called the vendor of the ONE PART and B son of …………………………. resident of ………………………… hereinafter called the purchaser of the OTHER PART.

WHEREAS the vendor is absolutely seized and possessed of or well and sufficiently entitled to the house more fully described in the Schedule hereunder:

AND WHEREAS,the vendor has agreed to sell his house to the purchaser on the terms and conditions hereafter set-forth.

NOW this Agreement Witnesseth as Follows

1.     The vendor will sell and the purchaser will purchase that entire house No………………….. Road …………………. more particularly described in the Schedule hereunder written at a price of Rs. …………….. free from all encumbrances.

2.     The purchaser has paid a sum of Rs. …………….. as earnest money on ……………………. (the receipt of which sum, the vendor hereby acknowledges) and the balance amount of consideration will be paid at the time of execution of conveyance deed.

3.     The sale shall be completed within a period of……… months from this date and it is hereby agreed that time is the essence of the contract.

4.     The vendor shall submit the title deeds of the house in his possession or power to the purchaser’s advocate within one week from the date of this agreement for investigation of title and the purchaser will intimate about his advocate’s report within ……………. days after delivery of title deeds to his advocate.

5.     If the purchaser’s Advocate gives the report that the vendor’s title is not clear, the vendor shall refund the earnest money, without interest to the purchaser within …………….. days from the date of intimation about the advocate’s report by the purchasers. If the vendor does not refund the earnest money within ………………. days from the date of intimation about the advocate’s report, the vendor will be liable to pay interest @ ……………. p.m. upto the date of repayment of earnest money.

6.     The vendor declares that the sale of the house will be without encumbrances.

7.     The vendor will hand over the vacant possession of the house on the execution and registration of conveyance deed.

8.     If the purchaser commits breach of the agreement, the vendor shall be entitled to forfeit the earnest money paid by the purchaser to the vendor and the vendor will be at liberty to resell the property to any person.

9.     It the vendor commits breach of the agreement, he shall be liable to refund earnest money, received by him and a sum of Rs. …………….. by way of liquidated damages.

10.  The vendor shall execute the conveyance deed in favour of the purchaser or his nominee as the purchaser may require, on receipt of the balance consideration.

11.  The vendor shall at his own costs obtain clearance certificate under section 230A, Income tax Act, 1961 and other permissions required for the completion of the sale.

12.  The expenses for, preparation of the conveyance deed, cost of stamp, registration charges and all other cut of pocket expenses shall be borne by the purchaser.

Schedule above referred to

IN WITNESS WHEREOF the parties have set their hands to this Agreement on the day and year first hereinabove written.

Signed and delivered by Shri A…………..

the within named vendor

Signed and delivered by Shri B ………..

The within named purchaser

WITNESSES;

1.

2

Disclaimer: The information contained in the sample document is general legal information and should not be construed as legal advice to be applied to any specific factual situation. Any use of the Site or document format DOES NOT create or constitute a solicitor-client relationship between LawRato or any employee of or other person associated with LawRato and a user of the Site. The information or use of documents on the Site is not a substitute for the advice of a lawyer.


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Simple Mortgage Deed

A mortgage deed is a document in which the mortgagor transfers an interest in real estate to a mortgagee for the purpose of providing a mortgage loan. The mortgage deed is the evidence of the interest transferred to the mortgage holder.
 
 
It determines the terms and condition between mortgagee and mortgager.

  Draft of Simple Mortgage Deed


This Deed of Mortgage made at …………………. this ……………. day of ………………. Between X, son of …………………………. resident of ………………………. hereinafter called as a mortgagor of the ONE PART and Y, son of …………………. resident of ……………… hereinafter called as a mortgagee of the OTHER PART.

WHEREAS, the mortgagor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the house bearing municipal no……………. situated on …………………… Road, ………………….. more particularly described in the Schedule hereunder written;

AND WHEREAS, the mortgagor has requested the mortgagee to lend him a sum of Rs. …………………… which the mortgagee has agreed on the mortgagor mortgaging his property.

NOW,This Deed Witnesseth That in pursuance to the said agreement and in consideration of the sum of Rs. ……………… at or before the execution of these presents paid by the mortgagee to the mortgagor (the receipt whereof, the mortgagor doth hereby admit and acknowledge and of and from the same hereby release and discharge the mortgagee), the mortgagor hereby covenants with the mortgagee that he will pay on the ………………… day of …………….. (hereinafter called “the said date”), the said sum of Rs. …………….. with interest @ …….. % per annum from the date of these presents till the repayment of the said sum in full, every quarter the first instalment of interest to be paid on the ………………. day of ………. 20___ and each subsequent instalment on the ……………. day of July, October, January and April of each succeeding year until the said sum is repaid in full.

AND this deed further WITNESSETH that

In consideration aforesaid, the mortgagor doth hereby transfer by way of mortgage his house bearing municipal no …………….. situated on ………….. Road . …………………. and more particularly described in the Schedule hereunder written as a security for repayment of the said sum with interest @ ……………. per annum with the condition that the mortgagor, his heirs, executors, administrators or assigns shall on the said the pay to the mortgagee, his heirs, executors, administrators or assigns the said sum of Rs ………….. together with interest thereon at the rate mentioned above, the said mortgagee, his heirs, executors, administrators, or assigns shall at any time thereafter upon the request and at the cost of the mortgagor, his heirs, executors, administrators or assigns reconvey the said house, hereinbefore expressed to be mortgaged unto or to the use of the mortgagor, his heirs, executors, administrators or assigns or as he or they shall direct.

And It Is Hereby Agreed And Declared that if the mortgagor does not pay the said mortgage amount with interest when shall become due and payable under these presents, the mortgagee shall be entitled to sell the said house through any competent court and to realise and receive the said mortgage amount and interest, out of the sale proceeds of the house.

And It Is Further Agreed And Declared by the mortgagor that during the period, the mortgage amount is not paid and the said house remains as a security for the mortgage amount, the mortgagor shall insure the said house and take out an insurance policy in the joint names of the mortgagor and mortgagee and continue the said policy in full force and effect by paying premium and in case of default by the mortgagor to insure or to keep the insurance policy in full force and effect, the mortgagee can insure the said house and the premium paid by the mortgagee will be added to the mortgage amount, if not paid by the mortgagor on demand.

And It Is Further Agreed That the mortgagor can grant lease of the said house with the consent of the mortgagee in writing.

And It Is Further Agreed by the Mortgagor that he shall bear stamp duty, registration charges and other out of pocket expenses for the execution and registration of this deed and reconveyance deed but however each party will bear cost and professional charges of his Solicitor/Advocate.

IN WITNESS WHEREOF the parties have put their hands the day and year first hereunder written.

The Schedule above referred to

Signed and delivered by X the within named mortgagor

Signed and delivered by Y the within named mortgagee

WITNESSES;

1.

2

Disclaimer: The information contained in the sample document is general legal information and should not be construed as legal advice to be applied to any specific factual situation. Any use of the Site or document format DOES NOT create or constitute a solicitor-client relationship between LawRato or any employee of or other person associated with LawRato and a user of the Site. The information or use of documents on the Site is not a substitute for the advice of a lawyer.


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Leave and License Agreement

A leave and license agreement is an instrument/agreement wherein the licensor allows the licensee to temporarily occupy and use one portion of immovable property for carrying on his business for residential purposes.


It determines the terms and condition between licensor and licensee.

  Draft of Leave and License Agreement


This Agreement is made at …… this …… day of …………., 20___, between Mr. A hereinafter referred to as ‘the Licensor’ of the One Part and Mr. B of …………… hereinafter referred to as the ‘Licensee’ of the Other Part, as follows;

Whereas the Licensor is the owner of a piece of land at ………………………………… bearing Survey No … with a building consisting of …………. floor …… having built up area of about ….. square feet.

And Whereas the Licensee has approached the licensor with a request to allow the Licensee to temporarily occupy and use a portion of the …… floor of the said building, admeasuring about …… square feet for carrying on his …… business, on leave and license basis until the Licensee gets other more suitable accommodation.

And Whereas the Licensor has agreed to grant leave and license to the Licensee to occupy and use the said ground floor portion of the said building and which portion is shown on the plan hereto annexed by red boundary line on the following terms and conditions agreed to between the parties hereto;

Now it is agreed by and between the parties hereto as follows..

1.     The Licensor hereby grants leave and license to the Licensee to occupy and use the said portion of the ground floor/……. floor of the said building of the Licensor (hereinafter referred to as the Licensed Premises) for a period of eleven months from …… The Licensee agrees to vacate the said premises even earlier If the Licensee secures any other accommodation in the locality where the said premises are situated.

2.     The Licensee shall pay to the Licensor a sum of Rs………….. per month (calculated at the rate of Rs………….. per square foot) as License fee or compensation to be paid in advance for each month on or before the …… day of each month.

3.     All the Municipal taxes and other taxes and levies in respect of the licensed premises will be paid by the Licensor alone.

4.     The electric charges and water charges for electric and water consumption in the said licensed premises will be paid by the Licensee to the authorities concerned and the Licensor will not be responsible for the same. For the sake of convenience a separate electric and water meter if possible will be provided in the said premises.

5.     The Licensee will be allowed to use the open space near the entrance to the Licensed premises and shown on the said plan by green wash for parking cars during working hours of the Licensee and not for any other time and no car or other vehicle will be parked on any other part of the said plot.

6.     The licensed premises will be used only for carrying on business and for no other purpose.

7.     The licensed premises have normal electricity fittings and fixtures. If the Licensee desires to have any additional fittings and fixtures, the Licensee may do so at his cost and in compliance with the rules. The Licensee shall remove such fittings and fixtures on the termination of the license failing which they shall be deemed to be the property of the Licensor.

8.     The licensed premises are given to the Licensee on personal basis and the Licensee will not be entitled to transfer the benefit of this agreement to anybody else or will not be entitled to allow anybody else to occupy the premises or any part thereof. Nothing in this agreement shall be deemed to grant a lease and the licensee agrees and undertakes that no such contention shall be taken up by the Licensee at any time.

9.     The Licensee shall not be deemed to be in the exclusive occupation of the licensed premises and the Licensor will have the right to enter upon the premises at any time during working hours to inspect the premises.

10.  The Licensee shall maintain the licensed premises in good condition and will not cause any damage thereto. If any damage is caused to the premises or any part thereof by the Licensee or his employees, servants or agents the same will be made good by the Licensee at the cost of the Licensee either by rectifying the damage or by paying cash compensation as may be determined by the Licensor’s Architect.

11.  The Licensee shall not carry out any work of structural repairs or additions or alterations to the said premises. Only such alterations or additions as are not of structural type or of permanent nature may be allowed to be made by the Licensee inside the premises with the previous permission of the Licensor.

12.  The Licensee shall not cause any nuisance or annoyance to the people-in the neighbourhood or store any hazardous goods on the premises.

13.  If the Licensee commits a breach of any term of this agreement then notwithstanding anything herein contained the Licensor will be entitled to terminate this agreement by fifteen days’ prior notice to the Licensee.

14.  On the expiration of the said term or period of the License or earlier termination thereof, the Licensee shall hand over vacant and peaceful possession of the Licensed premises to the Licensor In the same condition In which the premises now exist subject to normal wear and tear. The Licensee’s occupation of the premises after such termination will be deemed to be that of a trespasser.

IN WITNESS WHEREOF the parties hereto have put their hands the day and year first hereinabove written.

Signed by the withinnamed Licensor Shri …………….

in the presence of …………

Signed by the within named Licensee Shri …….

in the presence of ………

Disclaimer: The information contained in the sample document is general legal information and should not be construed as legal advice to be applied to any specific factual situation. Any use of the Site or document format DOES NOT create or constitute a solicitor-client relationship between LawRato or any employee of or other person associated with LawRato and a user of the Site. The information or use of documents on the Site is not a substitute for the advice of a lawyer.

Bydeb

Deed of lease (for a term in perpetuity)

A lease agreement is simply a contract between a landlord and a tenant that states what the tenant will pay monthly for rent and for how long. The lease agreement outlines and details the obligations and responsibilities of the landlord (lessor) and the tenant (lessee).


It determines the terms and condition between tenant and landlord.

  Draft of Deed of Lease (for a Term in Perpetuity)


This Deed Of Lease is made at … this … day of… between Mr. A of … hereinafter called ‘the Lessor’ of the One Part AND Mr. B 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 a large piece of land situate at… and described In the Schedule hereunder written.

And Whereas the Lessee has approached the Lessor and requested him to grant to him a lease of the said land in perpetuity as he wants to develop the same by constructing Industrial sheds thereon and establish an Industrial Estate.

And Whereas the Lessor has agreed to grant to the Lessee a lease in respect of the said land for a term in perpetuity 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, covenants 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 piece of land situate at … In the Registration Sub – District of … and District of … and described in the schedule hereunder written (hereinafter for the sake of brevity referred to as ‘the demised Land’) to hold the demised land unto the Lessee and his heirs, executors, administrators and assigns for a term in perpetuity commencing from the 1st day of… but subject to the earlier determination of this demise as hereinafter provided and yielding and paying therefor during the said term the yearly 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 year, the first of such yearly ground rent shall be paid on the 5th day of the month of … and the subsequent rent to be paid on or before the 5th day of that month in each and every succeeding year 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 lease rent hereby reserved on the days and in the manner aforesaid clear of all deductions. If the Lease 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 or dis-entitle the Lessor to exercise his other rights under these Presents or in law.

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 tune during the term hereby created be imposed or charged upon the demised land and the buildings or structures that may be standing thereon and 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 payments.

c.     To keep the buildings and structures on the demised land in good and tenantable repairs In the same way as the Lessor would be liable to do under the law as the owner of the demised land and the buildings and structures thereon.

d.    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 of any building or structures.

e.     To use or permit to be used the said land and the buildings and structures to be constructed thereon for industrial purposes only as may be permitted by the authorities from time to time.

3.     The Lessee will be at liberty to prepare a layout of the said demised land and divide the same Into separate industrial plots, with the sanction of the local authority concerned and to construct Industrial sheds thereon suitable for carrying on small scale industries. The Lessee shall also be at liberty to sub-demise the said plots or any one of more of them and/or the sheds constructed thereon on such terms as the Lessee may think fit provided that such subleases shall not be for a period of more than… years at a time and they shall be subject to the terms, covenants and conditions of this demise. All such sheds shall be in accordance with the plans sanctioned by the Municipal or any other local authority competent to do so.

4.     The Lessee will be entitled to assign this lease in respect of the said demised land or any part or parts thereof with the previous consent of the Lessor In writing and which consent may be granted by the Lessor on such terms as he may think fit including the term of paying premium for each assignment, If It Is allowed by law, but such consent shall not be unnecessarily or unreasonably withheld.

5.     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 land in the manner herein appearing;

b.    that on the Lessee, paying the said yearly 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 land 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.

6.     It is hereby agreed and declared that these presents are on the express condition that if the said yearly ground lease rent or any part thereof payable in the manner hereinbefore mentioned shall be In 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 he 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 any person claiming under him or If the Lessee shall raise an objection to the amount of the yearly ground lease rent hereby fixed for any reason whatsoever then and in such an event It shall be lawful for the Lessor or any person claiming under him 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 to be 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 t c 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 such notice.

7.     And It Is Hereby Expressly Agreed And Declared Between The Parties As Follows:-

a.     On the determination of this deed and the demise granted under the provisions hereof all the buildings and structures standing on the demised land shall be removed or caused to be removed by the Lessee, his heirs, executors, administrators and assigns or subleases within three months from the date of such determination failing which those which will not be so removed shall automatically stand forfeited to the Lessor without payment of any compensation therefor by the Lessor to the Lessee or to his assigns or subleases.

b.    The personal liability of the Lessee to pay the yearly lease rent will be absolute and will not be affected by the Lessee granting by sub-demise any portion of the demised land or any shed or structure thereon and notwithstanding the consent given to sub-lease or to the assignment of the demised land or any portion thereof. the said liability will continue unabated.

c.     That at any time or times during subsistence of this demise the Lessee shall have the option to purchase the reversion In respect of the demised land or any part or parts thereof on the payment to the Lessor of the market price therefor then prevailing and the Lessor shall in respect of the demised land or any portion therefor so purchased, execute a deed or conveyance and/or conveyances In respect thereof in favour of the Lessee and/or his nominee or nominees and that at the time of execution of each such conveyance the Lessor shall make out a marketable title in respect of the portion so to be purchased. Provided further that. the stamp and registration charges In respect of such conveyance shall be borne and paid by the Lessee alone. Provided further that, in the event of purchase of the reversion in respect of any portion of the demised premises the rent hereby agreed to be paid shall be proportionately reduced. In the event of any disagreement between the Lessor and Lessee regarding the market price of the demised land or any portion thereof the same shall be decided by arbitration of two arbitrators one to be appointed by each party and the arbitration will be governed by the Arbitration Act, 1940.

IN WITNESS WHEREOF the Lessor and the Lessee have put their respective hands on the original and duplicate thereof the day and year first hereinabove written.

THE SCHEDULE ABOVE REFERRED TO

Signed and delivered by the Withinnamed Lessor Mr… in the presence of …

Signed and delivered by the Withinnamed Lessee Mr… in the presence of …

Disclaimer: The information contained in the sample document is general legal information and should not be construed as legal advice to be applied to any specific factual situation. Any use of the Site or document format DOES NOT create or constitute a solicitor-client relationship between LawRato or any employee of or other person associated with LawRato and a user of the Site. The information or use of documents on the Site is not a substitute for the advice of a lawyer.

Bydeb

Lease Deed (for a term of years) Rent Agreement

A lease agreement is simply a contract between a landlord and a tenant that states what the tenant will pay monthly for rent and for how long. The lease agreement outlines and details the obligations and responsibilities of the landlord (lessor) and the tenant (lessee).

It determines the terms and condition between tenant and landlord.

  Draft of Deed of Lease (for a Term of Years) Rent Agreement
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 ………….., 20___, 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….. day of each and every calendar month. The first of such monthly ground rent shall be paid on the ___ day of ……. and the subsequent rent to be paid on or before the ___ 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…. of ……. and the subsequent rent shall be paid on the…. 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.

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.

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 …… 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 ….. month from the date of the receipt of by such notice.

5.     And it is hereby expressly agreed and declared between the parties as follows-

a.     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 TO

Signed and delivered by the

Withinnamed Lessor …….. in the presence of ……..

Signed and delivered by the

Withinnamed Lessee …….. in the presence of ……..


Disclaimer: The information contained in the sample document is general legal information and should not be construed as legal advice to be applied to any specific factual situation. Any use of the Site or document format DOES NOT create or constitute a solicitor-client relationship between LawRato or any employee of or other person associated with LawRato and a user of the Site. The information or use of documents on the Site is not a substitute for the advice of a lawyer.