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Leese Deed

This agreement is between two parties for the provision of amenities in a commercial property. It details amenities to be provided like utilities [1], compensation to be paid monthly for the amenities [4], escalation of compensation over time [4], responsibility for service taxes [5-6], co-terminus nature of the agreement with the lease [3], and other standard legal clauses.

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0% found this document useful (0 votes)
110 views5 pages

Leese Deed

This agreement is between two parties for the provision of amenities in a commercial property. It details amenities to be provided like utilities [1], compensation to be paid monthly for the amenities [4], escalation of compensation over time [4], responsibility for service taxes [5-6], co-terminus nature of the agreement with the lease [3], and other standard legal clauses.

Uploaded by

Shri Delhi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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AGREEMENT FOR AMENITIES

THIS AGREEMENT FOR AMENITIES is made and entered into at


Bhuj, Gujarat, this day of May, Two thousand and eight [ .05.2008]
BETWEEN

_______________________, a company incorporated and registered


under the Companies Act, 1956, and having its registered office at :
________________________________________, through its Authorized
Signatory ____________________, (hereinafter referred to as "the Party
of the First Part", which expression shall, unless it be repugnant to the
context or meaning thereof, be deemed to mean include its heirs,
administrators, executors, successors in interest and assigns) of the First
Part;

AND

_______________________, a company incorporated and registered


under the Companies Act, 1956, and having its registered office at :
________________________________________, through its Authorized
Signatory ____________________, (hereinafter referred to as “the Party
of the Second Part” which expression shall, unless it be repugnant to the
context or meaning thereof, be deemed to mean and include its subsidiaries,
sister or group companies, associates, affiliates, representatives, successors
and assigns) of the Second Part.

Wherever the Party of the First Part are a female, body corporate or are
more than one person, the expressions ‘he’, ‘him’, ‘his’, ‘himself’ ‘their’ and
‘its’ in this Agreement shall be deemed to be modified and read suitably.

Both the Party of the First Part and the Party of the Second Part are hereafter
collectively referred to as the ‘Parties’.

WHEREAS :

A. The Party of the First Part has represented to the Party of the
Second Part that the Party of the First Part is the absolute owner
and in possession of a Commercial Premises being Office No.
___, on ___ floor, in admeasuring about _____ square feet
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(Super Built Up Area), in the building known as “______”,


situated at :
______________________________________________,
Ahmedabad, constructed on Final Plot No. ____ of T.P.Scheme
No.___ situated at Moje _________ Taluka City Ahmedabad, in the
Registration Sub district Ahmedabad and District of Ahmedabad-4
(Paldi), more fully described in the SCHEDULE 1 herein below and
hereinafter referred to as the “said premises”.

A. The Party of the First Part is absolutely seized and possessed of


and is otherwise well and sufficiently entitled to the said demised
premises, as owner thereof.

B. Vide a Deed of Lease, dated _____________, (hereinafter referred


to as “the said Lease Deed”) executed, between the Party of the
First Part of the One Part and the Party of the Second Part on the
Other Part, the Party of the First Part has permitted the Party of the
Second Part, to use and occupy the said premises on Lease basis
for the period of Lease, and upon the terms and conditions
mentioned therein.

C. In order to enjoy and fully utilize the said premises, the Party of the
Second Part have requested the Party of the First Part to provide to
the Party of the Second Part, several Amenities, Services and
Facilities and the Party of the First Part has agreed to provide the
same on mutually agreed terms, conditions and on consideration,
as are hereinafter appearing :

NOW IT IS AGREED BY AND BETWEEN PARTIES HERETO AS


FOLLOWS:

1. The Party of the First Part agrees to provide to the Party of the
Second Part within the said premises the following Amenities, Services
and Facilities:
(i)
(ii)
(iii)
(iv)
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(v)
(vi)

2. The Party of the Second Part shall use the interior of the said
premises and the fixtures and fittings therein with due care and caution as
a person of prudence and shall keep and maintain the same in clean and
good order and condition. The Party of the Second Part shall not damage
the same and upon termination of the Lease in terms of the said Lease
Deed, shall leave the same on as is where is basis, but in good order and
condition (reasonable wear and tear and loss or damage by fire, flood,
accident, violence of any army, mob, riots, civil commotion, irresistible
force or Act of God excepted).

3. This Agreement shall be co-existent and co-terminus with the said


Lease Deed, and this Agreement shall be irrevocable till the said Lease
Deed is valid and subsisting and/or till the Party of the Second Part
vacates and hands over possession of the said premises to the Party of
the First Part, as the case may be.

4. The Party of the Second Part shall be liable to pay to the Party of
the First Part per month the compensation / service charges for the user of
the said Amenities as under -

Period Months Escalation Service


Charges
From To % Rs. Per month
(Rs.)
__.__.2008 __.__.2010 --- --- .00
__.__.2011 __.__.2013 36 15 .00 .00
__.__.2014 __.__.2016 36 15 .00 .00

- for the services provided herein and such compensation shall be


paid during the period of the Lease on or before the 10th day of
succeeding month. Provided however, the above compensation shall be
paid subject to deduction of tax at source under provisions of the Income
Tax Act, 1961 and other statutory deductions, if any. The first of such
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payment shall be made on the said Lease being effective in terms of the
said Lease Deed.

5. Service tax on the above monthly compensation / service charges


as stated in Clause 4 above, will be additionally borne by the Party of the
Second Part.

6. If there is any increase in Service Tax or any other new taxes are
levied in respect of services being rendered on the compensation payable
hereunder, then the same shall be always borne by the Party of the
Second Part in addition to the monthly compensation payable hereunder.
However, if at any time, government or any other competent authority
shall remove or withdraw the said Service Tax or any other such Tax, then
the Party of the Second Part shall be entitled to not pay / discontinue
paying the same to the Party of the First Part.

7. The compensation for the above shall be paid by the Party of the
Second Part to the Party of the First Part simultaneously with the monthly
Lease rent payable under the said Lease Deed. If any service is not
required by the Party of the Second Part, the Party of the Second Part
shall not be entitled to reduce or stop payment of the service charges
payable hereunder.

8. It is hereby agreed that even if the Party of the Second Part does
not avail of all or any of the aforesaid amenities for any reason
whatsoever, the Party of the Second Part shall still be liable to pay the
same monthly compensation to the Party of the First Part as payable
under Clause 4 above without any deduction there-from, save and except
the agreed deductions as mentioned in the said Clause 4.

9. It is expressly agreed by and between the Parties hereto that other


terms and conditions as provided in the said Lease Deed of even date
executed by the parties shall be deemed to be part of this Agreement and
the Party of the First Part and the Party of the Second Part undertake to
abide by the same.

10. The stamp duty and registration charges if any, payable on these
presents shall be borne and paid by the parties equally. Each party shall
bear and pay their respective Advocates charges.
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11. All notices or intimation in respect hereof shall be in writing and in


English language. Any notice to be served by either of the parties hereto,
upon the other, shall be deemed to have been sufficiently served if
delivered by hand or addressed by Registered Post A. D. at the addresses
given herein above and such service shall be deemed to have been
effected – in case of delivery by hand on the date on which it is delivered
and in case of delivery by Registered Post A. D. on the expiry of 4th day of
such posting. The parties shall immediately inform the other about the
change in the address, if any.

12. This Agreement shall be subject to the jurisdiction of the Courts at


Ahmedabad.
SCHEDULE 1
DETAILS OF PREMISES

ALL THAT Commercial Premises being Office No. ___, on ___ floor, in
admeasuring about _____ square feet (Super Built Up Area), in the
building known as “______”, situated at :
______________________________________________, Ahmedabad,
constructed on Final Plot No. ____ of T.P.Scheme No.___ situated at
Moje _________ Taluka City Ahmedabad, in the Registration Sub district
Ahmedabad and District of Ahmedabad-4 (Paldi).

IN WITNESS WHEREOF, each of the Parties hereto has caused


this Agreement to be executed as of the date first written above.

SIGNED AND DELIVERED by the within )


named Party of the First Part )
)
in the presence of…………………… )
)
SIGNED AND DELIVERED by the within )
named Party of the Second Part, )
)
)
)
in the presence of …………………… )

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