Draft of Deed of Lease (for a Term of Years) Rent Agreement

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 {{ var_lease_term }} 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, 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 land and premises situated at {{ var_property_location }} 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 {{ var_lease_term }} years commencing from the 1st
day of {{ var_lease_start_date }}, {{ var_lease_start_year }}, 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 {{ var_monthly_rent }} free and clear of all
deductions and strictly in advance on or before the 5th day of each and every calendar
month. The first of such monthly ground rent shall be paid on the 5th day of
{{ var_first_rent_month }} and the subsequent rent to be paid on or before the 5th 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
clears of all deductions. The first of such monthly rent as hereinbefore provided shall
be paid on the 5th of {{ var_first_rent_month }} and the subsequent rent shall be paid
on the 5th day of every succeeding month regularly and If the-ground rent is not paid
on the due dates the Lessee shall pay interest thereon.

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 20,000.

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:

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 {{ var_rent_arrears_period }} 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 {{ var_notice_period }} 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

Withinnamed Lessor {{ first_party_name }}

Signed and delivered by the

Withinnamed Lessee {{ counter_party_name }}