LEASE DEED
An agreement made the on 23 rd October of 2017 between Sri. ABC (herein after
called “the Lessor”) of the one part and Sri./Smt.XYZ (hereinafter called “the
Lessee”) of the other part.
Whereby it is agreed as follows:
1. The Lessor hereby demises to the Lessee all that dwelling house with the land
fully described in the schedule hereto together with all out-houses, pucca well,
motor garage, kitchen, pathways, passage, garden and other appurtenances
thereof, situated at Banglore to hold the same to the Lessee from 23.10.2017 day
for the term of one years (or, year to year) paying therefor during the said term
the monthly rent of Rs.10,00,000 payable on the first day of the month
succeeding that for which the rent is due;
2. The Lessee hereby agrees that he will during the said term (tenancy) pay all
rates; taxes and other charges excluding the house tax which now are or may
hereafter becomes payable in respect of the demised property;
3. The Lessor hereby agrees as follows:-
(i) That the Lessor shall keep the premises in good and substantial repairs
during the said term and shall annually white-wash and do all necessary
repairs to the out-houses and demised premises and on the Lessee giving
the Lessor notice in writing of any special decays, defects and want of
separation the Lessor will within one calendar month from the receipt of
such notice repair and amend the same;
(ii) That the Lessor shall repair when necessary, the well, the passages,
pathways and the road connecting the provincial road with the bungalow
hereby demised and shall get the well cleaned at least once a year.
4. Provided always and it is hereby agreed as follows:
(i) That whenever any part of the rent hereby reserved shall be in arrears for
three months after due date or there shall be a breach of any of the
covenants by the Lessee herein contain the Lessor may re-enter on the
demised premises and determine this lease.
(ii) The tenancy hereby created shall be determinable at the option of the
Lessor/Lessee (or either party) by giving to Lessee/Lessor (or, the other
party) calendar month’s notice in writing.
5. It is hereby agreed between the parties that in respect of the demised premises
the parties hereto shall respectively have all the rights and be subject to all the
liabilities of a lessor and of a lessee as set forth in Section 108 of the Transfer of
Property Act, 1882, except Clause (m) thereof which is hereby excluded.
6. It is hereby agreed between the parties as follows:
(i) That any demand for payment or notice requiring to be made upon or
given to the Lessee shall be sufficiently made or given if sent by the
Lessor or his agent through the post by registered letter addressed to the
Lessee at the demised premises and that notice requiring to be given to
the Lessor shall be sufficiently given if sent by the Lessee through the
post by registered letter addressed to the Lessor at his usual or last
known place of residence or business and that any demand or notice sent
by post in either case shall be assumed to have been delivered in the
usual course of pose.
(ii) That wherever such in interpretation would be necessary in order to give
the fullest scope and effect legally possible to any covenant or contract
herein contained the expression “the Lessor” herein before used shall
include the owner for the time being of the Lessor’s interest in the
demised premises and the expression “the Lessee” herein before used
shall include his heirs, executors, administrators and permitted assigns.
In witness whereof the parties have put their signatures hereunder on the day
and the year first above -written (or, on the respective date mentioned
against their signatures)
SCHEDULE
(Leased under this deed)
All the piece and parcel of immovable property bearing No.35 RAM NAGAR
BANGLORE.
Bounded by:-
On the East : private property
On the West :100 feet road
On the North : Grand sweets
On the South : Abirami flats
Market value of the property leased under this deed is Rs. 8,00,000(Rupees Eight
lakh only).
The Stamp duty is paid as per Article 30 of the Schedule to the Karnataka Stamp
Act, 1957.
IN WITNESS WHEREOF the parties herein have affixed their respective signatures
to this deed at _______________ on this ______________ day of ______________
year in presence of the witness:
WITNESSES:
1. LESSOR
2. LESSEE
[*Full details of the property number such as Khata number, street/road with reference to the
local authority records and boundaries shall be furnished. If the property leased is a Flat /
Apartment details of the property on which the Flat / Apartment is constructed, flat number,
floor number, name of the apartment etc., full details of the property so as to identify shall be
furnished.]