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  • LEASE OF PLAYGROUND TO A SCHOOL

    LEASE OF PLAYGROUND TO A SCHOOL THIS DEED  made at……………….on……………….day of……………….20 ……Between Shri……………….son of……………….resident of.......................(hereinafter referred to as "the Lessor") of the ONE PART and……………….through Shri………………. Managing Trustee, (hereinafter referred to as "the Lessee") of the OTHER PART.   WHEREAS   (1) The Lessor is absolutely seized and possessed of or otherwise well and sufficiently entitled to the playground known as……………….playground situated on……………….described in the Schedule hereunder written, hereinafter referred to as the demised premises.   (2) At the request of the Lessee, the Lessor has agreed to grant to the Lessee a lease in respect of the demised 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, covenants and agreement herein contained and on the part of the Lessee to be observed and performed, the Lessor hereby demises to the Lessee for use as playground, the demised premises TO HOLD the same unto the Lessee from the………….day of……………….for the term of.................years PAYING therefor the yearly rent of Rs  …………….on the……………….day of ……………….each year at the office of the Lessor or as such other place at the Lessor may from time to time appoint in this behalf.   (2) The Lessee hereby covenants with the Lessor as follows:    (a) To pay the rent hereby reserved on the days and in the manner aforesaid clear of all deductions, the first of such rent as hereinbefore provided shall be paid on the………………. day of……………….   (b) To use the demised premises for the purposes of the said School as a Cricket and Football field and for Athletic sports or playing other games and for no other purpose   (c) To keep the hedges, ditches, fences and gates in the demised  premises in proper repair and condition.   (d) Not to damage the demised premises or remove the grass and plants, trees on the demised premises.   (e) Not to erect any buildings on the demised premises except a pavilion and other sheds required for the purposes of such games as aforesaid.    (f)Not to assign, underlet, transfer or part with possession of the demised premises or any part thereof.   (3)The Lessor hereby covenants with the Lessee as follows:    (a) To pay taxes, cess, levies, assessments and outgoings in respect of the demised premises.   (b)The lessee paying the rent and observing the covenants and stipulations on his part herein contained shall during the term quietly and peaceably enjoy the demised premises without interruption by the Lessor or any person lawfully claiming under or in trust for him.   (4) It is hereby agreed between the parties that if the rent or any part thereof payable in the manner hereinbefore mentioned shall be in arrears for a period of three months after the same has become due and payable 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, then it shall be lawful for the lessor to re-enter into and upon the demised premises and thereupon the lease hereby granted shall determine, but without prejudice to the right of action of the Lessor in respect of the arrear of rent or breach of any of the covenants by the Lessee herein contained.   IN WITNESS WHEREOF , the Lessor and the Lessee have put their respective hands on the original and duplicate thereof the day, month and year first hereinabove written   WITNESSES   Signed and delivered by A, the within named Lessor Signed and delivered by……………….by Shri……………….  its duly authorised official Download Word Document In English. (Rs.20/-) Download PDF Document In Hindi. (Rs.20/-)

  • LEASE AGREEMENT FOR A SHIP

    LEASE AGREEMENT FOR A SHIP THIS Bareboat Lease Agreement made at……………….this.................... day of……………….20 ……………….between A B Co. Ltd., a company registered under the Companies Act, 1956 and having its registered office at……………….(hereinafter referred to as "the Lessor") of the ONE PART and X Y Co. Ltd., a company registered under the Companies Act, 1956 and having its registered office at ............. (hereinafter referred to as "the Lessee") of the OTHER PART.   WHEREAS  the lessor has purchased the vessel hereinafter referred to as "the Vessel" hereinafter described in the Schedule and agreed to lease the same to the lessee upon the terms and conditions hereinafter appearing.   NOW THIS DEED WITNESSETH AS FOLLOWS (1) In pursuance of the said agreement and in consideration of the rent hereby reserved and on the terms and conditions, covenants and agreements herein contained and on the part of the lessee to be observed and performed, the lessor hereby agrees to lease to the lessee and the lessee hereby agrees to take on lease, the vessel for a period of……………….commencing from………………. (2) Lease rental. -The lease rent shall be paid in advance and the first of such rent as hereinbefore provided shall be paid on the 10th ..........and the subsequent rent shall be paid on the 10th day of every succeeding month regularly. (3) Delivery of vessel   (i)The vessel shall be delivered by the manufacturer, described in the Schedule hereinunder written, hereinafter referred to as the manufacturer, on or before……………….at the port.....................If the vessel cannot be delivered to the lessee by the above date and if the lessee agrees, the said date of delivery of the vessel can be extended, but if the lessee does not agree to the extension of date of delivery, this agreement shall terminate and neither the lessor nor the lessee shall be liable to the other for any loss arising from such termination.   (ii)The vessel will be inspected by the lessee and if found suitable, the lessee will issue a Certificate of Acceptance of delivery within……………….days of the delivery of the vessel by the manufacturer. The issue of Certificate of Acceptance of delivery by the lessee shall constitute full performance by the lessor of all its obligations as to the delivery of the vessel in a satisfactory condition and the lessee shall not be entitled to make any claim against the lessor on account of any defect found by it later on or any representation or warranties expressed or implied, with respect to the vessel.   (iii)The matters relating to cost of lubricating oil, water, remaining bunkers, unbroached provisions, paints, oils, ropes, and other consumable items on board the vessel shall be settled directly between the manufacturer and the lessee at the time of delivery of the vessel and the lessor shall not be responsible or liable for providing the same.   (4)  Lessee's confirmations (i)The lessee acknowledges, declares, agrees and confirms that it has negotiated with the manufacturer and selected the vessel for its own operation and the lessor shall not be responsible for any delay in delivery of the vessel by the manufacturer or for any defects or fitness of the vessel for any particular purpose. (ii)jThe lessor hereby agrees to assign to the lessee the right to seek compensation for any damage found by the lessee after signing the Certificate of Acceptance of Delivery.   (5) Custody and use of vessel (i)The lessee shall be entitled to use the vessel from the date it issues the Certificate of Acceptance of Delivery to the lessor and it shall be entitled to operate the vessel throughout the world in any lawful trade for which she is suitable, subject to the observance of restrictions imposed by the law of the country of the vessel's registration, insurance policies, cover notes, indemnity and any other society or association. The vessel shall not be sent to the territorial waters of the countries mentioned in the Schedule. No acids, explosives or cargoes injurious to the vessel shall be supplied nor shall any voyage be undertaken, nor goods or cargoes be loaded, that would involve risk of seizure, capture or penalty imposed by British or foreign rulers or governments. (ii)The lessee or master of the vessel shall not have any right, power or authority to create, incur or impose any lien on the vessel, except for crew's wages and salvage. The lessee shall intimate the fact that the lessee or the master of the ship is not entitled to create, incur or impose any lien on the vessel, to all persons having business with the vessel or to any person furnishing repairs, supplies or other consumables or necessaries to the vessel. The lessee shall exhibit aboard the vessel in a conspicuous place a notice stating that the vessel Is the property of and neither the nor the master of the vessel has any right, power or authority to create, incur or impose any lien whatsoever on the vessel. (iii)If due to any reason, but not due to the lessor's fault, a lien is created or imposed upon the vessel during the term of the lease, the lessee shall got the lien removed at his expenses within months from the date of its creation or  imposition, failing which the lessor shall be entitled to terminate this agreement by service of a notice of .................... days to the lessee and thereupon the lessee shall be liable for the cost and expenses incurred in removal of the said lien, lessor's loss of profit consequent upon the earlier determination of the lease agreement and other consequential  damages. (iv)If the vessel is sold by order of judicial or other authority, whilst under arrest, the lessee will be liable to pay to the lessor the stipulated loss value mentioned in the Schedule hereto (v)If the vessel is seized or captured by any country due to the fault of the lessee, the lessor shall be  entitled to terminate thisreto. lease by a……………….days notice to the lessee. (vi)The lessee shall not be entitled to sub-lease or bareboat charter the vessel without the prior consent of the lessor in writing. (vii)The lessee shall indemnify and keep indemnified the lessor for any damage caused to the vessel or to a third party or against all losses, damages, costs, claims and demands, which May be made or filed against the lessor arising out of or in consequence of the operation or use of the vessel during the lease period.   (6) Maintenance of vessel by the losses   (1) The lessee shall keep the vessel In his possession and control during the term of the lease. The lessee shall at his own expense:   (i) clean the boilers and/or opening up of pistons and/or overhauling of the engines and to maintain the vessel in good and serviceable repair and condition (fair wear and tear excepted); (ii) keep the vessel in the description described in the Schedule hereunder written and to use its best endeavours so, as to maintain the vessel in the said classification and to maintain the vessel in accordance with all laws and regulations to which the vessel may be subject; (iii) keep machinery survey certificate current at all times; (iv) observe and perform all the terms and conditions of the mortgage granted over the vessel, of all insurance effected on the vessel and of the laws and regulations of the country of the registration of the vessel. (2)(i) The lessee shall at its own expense victual, navigate, operate, supply full and repair the vessel in accordance with the laws and regulations. of the vessel's registration or any other country which the vessel may visit and the lessee will be liable for all charges and expenses of every kind and nature whatsoever incidental to use and operation of the vessel under t (ii) The lessee will ensure that the master, officers and the crew of the vessel are properly certified according to the rules and regulations of the vessel's registration. The lessee shall notify to the lessor the description of the master and nationality of other crew members and any alteration thereof. (iii) The lessee shall dry-dock the vessel and clean and paint under water parts of the vessel whenever necessary. (iv) The lessee at its own expense shall also pass the vessel's annual docking, annual survey,yearly and special survey (hull) every four years or such intervals as the classification society permits. his lease. (v) The lessee shall pay taxes, duties, levies, registration charges, oil, fuel, pilotage, agency fees, port charges, commissions of loading and unloading cargoes, canal dues, all provisions, wages, shipping and discharging fees, other expenses of the master, officers and crew and all charges, which may be payable upon the ownership custody or use of the vessel and any taxes, which may be imposed in respect of this agreement. However, the lessee shall not be liable to pay income-tax payable by the lessor on its income from this agreement. (7)  Alteration of vessel   (i) The lessee shall not make any alterations, additions or improvements in the structure or machinery  or boilers of the vessel without the written consent of the lessor. (ii) If the lessee makes any alterations, additions or improvements with the consent of the lessor, the same shall be deemed to form part of the vessel. If the lessee makes any alterations, additions or improvements without the consent of the lessor, the lessor may give notice to the lessee to restore the vessel to her original condition and the lessee shall forthwith comply with the lessor's requirement at its own cost. (8) Inspection of vessel   (i) The lessor shall have the right to inspect the vessel at any time on reasonable notice to the lessee to ascertain that the lessee has'observed and complied with its covenants and obligations under this lease agreement. However, if the lessor requires the lessee to dry-dock the vessel for the purpose of inspection or survey, then no lease rent shall be payable hereunder for the period during which the vessel is not available to the lessee for use and operation by reason of drydocking and inspection or survey. (ii) The lessee shall, whenever requested on reasonable notice permit the lessor to inspect the vessel and log books, voyage reports (dock, engine log), harbour reports, off-hire reports, stevedore damage reports or any other information regarding any accidents or damage to the vessel as soon as the same occurs. (9) Loss and damage to vessel (i) The lessee shall bear the entire risk of loss and damage which may be caused to the vessel, during the term of the lease. (ii) In the event of loss or damage to vessel, the lessee at the option of the lessor shall:   (a) place the vessel in good repair condition and working order at its own cost and expenses (ordinary wear and tear excepted); (b) replace the same with like vessel.   In case of such-loss or damage to the vessel and its repair, etc. or the replacement of the vessel, this agreement shall continue and lease rent shall be payable. (iii) If the vessel is totally lost (including constructive total loss or infringement of ownership), the lessee shall be liable to pay to the lessor the stipulated loss value described in the Schedule hereunder written. In case of total loss of the vessel, this agreement shall terminate upon completion of payment of the stipulated loss value, but until such payment is made, lease rent shall continue to be payable. (iv) On payment of stipulated loss value of the vessel by the lessee, the lessor shall assign its right against third parties; provided that the lessor shall not be held responsible for the condition, functioning, quality or working order of the vessel or the financial ability or otherwise of any such third party to sustain any claim against him or the validity of such transfer of ownership of the vessel. (10)  Insurance of vessel   (i) The lessee at its own expense shall insure and keep insured in the amounts as described in the Schedule hereunder written during the term of lease with an insurer approved by the lessor against marine, war and protection and indemnity risks including freight, demurrage and defence in the name of the lessor and furnish the original insurance policies and receipts for paying premiums to the lessor (ii) The lessee may at its own expense insure the vessel against other risks or for loss of carriage. (iii) If the underwriters of the vessel accept the loss as an actual, constructive or compromised total loss, the insurance money shall be paid between the lessor and the lessee according to their interests. (iv) At the option of the lessor, the proceeds of insurance shall be applied towards: (a) payment for repairing of the vessel and for replacement of the vessel; (b) payment to the lessor for total loss towards the stipulated loss value of the vessel; (c) payment of damages to a third person or the lessee due to the occurrence of the accident covered by insurance; (v) In case of receipt of insurance monies by the lessor, this lease agreement shall be terminated and the lessee shall not be liable to pay the lease rentals after the loss of the vessel. But if the insurers do not pay the Insurance monies on the ground that the loss is caused to the vessel on account of the negligence of the lessee or of those for whom it is responsible, then the lessee will be liable to pay to the extent to which the lessor falls to recover from the Insurers; provided however that the lessee's liability, under this clause shall be limited to the difference between the amount, recovered by the lessor from the insurers and. the stipulated loss value described in  the Schedule hereunder, applicable at the time such claim is met. (vi) In case of loss of the vessel, the lessor shall upon the request of the lessee. complete, the form, execute documents and do things as may be required by the insurer for making the claim for the loss or damage to the vessel. (vii) The lessor or the lessee shall not do any act or permit or suffer any act to be done whereby any insurance shall or may be suspended, impaired or defeated. (11)  Deposit of advance lease, rentals (i) The lessee shall deposit lease rentals of six months in advance at the time of execution of this agreement as security for performance of this agreement. The said deposit shall not carry any interest. (ii) If the lessee is in default in payment of lease rentals or any amount payable under these presents, the deposit on the option of the lessor may be applied against all and any monies, damages, arrears. of lease rents and or stipulated loss value, and unless the lessor terminate the lease in terms of any provision of this agreernent., the lessee shall pay the amount of aforesaid advance rent to the lessor or such amount as may be required to -make up the six months advance rent, which may be kept as security (12)  Liability of lessee to pay lease rent In certain cases .   The lease rentals under this agreement shall be payable by the lessee, notwithstanding the vessel:   (i) may be damaged or not navigable or any of her certificates have expired, due to which the vessel cannot be used; or (ii) is subject of capture and/or seizure or may be under arrest or detention by any court or the judicial authority; or (iii) be lost or missing; or (iv) be the subject of or prospective subject of a Notice of Abandonment; or (v) be requisitioned for hire,   unless the lessor shall in such a case give the lessee's notice of discontinuance of this lease,   Provided that If 1he vessel's underwriters shall compensate the lessor for such capture, seizure or loss, the lease rentals shall cease to be payable by the lessee.   (13)  Default by the lessee,   (i)Should any one of the following events take place, the lessor may exercise any or all of the remedies mentioned in the clause hereinafter mentioned without having to give prior notice or demand to the lessee:   (a) If the lessee fails to pay the lease rentals or any other amount due and payable or any other sum and monies due and payable under this agreement for a period of 15 days from the date of the lease rentals or amount become payable; (b) If the lessee fails to observe or perform all and every covenant stip6lation, terms and conditions of this agreement; (c) If the vessel being the subject of any writ of execution or distress, attachment or disposition or on a petition for the dissolution or winding-up of the lessee being presented; (d) If the lessee entering into any compromise, arrangement or composition with its creditors or any assignment for the benefit of such creditors; or (e) If the lessee suspends or discontinues its business. (ii) (a) To declare a part of or the entire amount of lease rentals payable under the, agreement and all other amounts, costs and expenses due and payable. (b) To re-take possession of the vessel. (c) To terminate the lease created under these presents and to sue the lessee for compensation, or damages including loss or profits. All the above remedies are cumulative and are not exclusive of any remedies available under any law for the time being in force. (iii) The lessee shall not be relieved from its liability under these presents on the lessor exercising all or any of the remedies including liability for damages and compensation. (iv) If the lessee falls to pay any lease rentals or sums payable under these presents, it shall be liable to pay interest at the rate of ………..% per annum from the date of the said lease rentals or sums payable to the date of payment. (14) Report of business, etc. -The lessee shall immediately on demand provide the lessor with such particulars, statements and other material relating to financial status and the state and condition of the vessel. (15) Redelivery of vessel to the lessor (i) Upon the expiration or earlier determination of this lease agreement for any reason whatsoever, the lessee shall at its own expense return the vessel to the lessor at a port indicated by the lessor. (ii) The vessel may be surveyed and inspected at the option of the lessor before the redelivery of the vessel to the lessor and the surveyors or other agents will be appointed by the lessor and lessee jointly who shall determine the condition and fitness of the vessel, her machinery and equipment and if they report that the vessel, her machinery and equipment requires any repair or work necessary to place the vessel in working condition and in that case the lessee at its own expense make all such repairs and do all such works before redelivery. The holds of vessel shall also  be cleaned by the lessee before redelivery of the vessel. (16) Salvage .-All salvage and, all proceeds from derelicts by the lessee shall be for the lessor's benefit and the salvage and other expenses incurred by the vessel shall be borne by the lessee. (17)  General average (i) The general average, if any, shall be payable according to York-Antwerp Rules, 1974 or any subsequent modifications thereof at London. (ii) The lessee shall ensure that all bills of ladings issued as aforesaid contain the USA clause Paramount and New Both to Blame Collision Clause. (18)  Indemnity.- The lessee shall indemnity and keep indemnified the lessor against all actions, demands, claims, proceedings and costs which may be brought against the lessor due to any default or any failure on the part of the lessee under this agreement.  (19)  Assignment of rights by lessor (i) The lessor may transfer, pledge or mortgage the vessel with its bankers,' financers or any ~ other financial institution providing finance to the ships, subject to the terms of this agreement, without the consent of the lessor. (ii) The lessor cannot assign or transfer its rights under this agreement without the prior consent of the lessee in writing. (20) Notice by either party to the other.- Any notice or letter to be sent in relation to this agreement shall be sent by either party to the other party at the address mentioned above and shall be deemed to be duly served if delivered by hand, on the date of delivery, if sent by registered post, three days after posting. (21)  Waiver or Indulgence on the part of the lessor (i) Any failure or delay on the part of the lessor to exercise any power or right under this lease shall not operate as a waiver thereof and any partial exercise by the lessor of any power or right hereunder shall not preclude any other or further exercise thereof or the exercise of any other power or right. (ii) Any indulgence or time allowed by the lessor in respect of any breach shall not constitute a waiver in respect of the exercise of rights or remedies with regard to any other breaches whether or not known to the lessor at the time of granting the indulgence. (22) Settlement of disputes.- Any dispute arising under this agreement shall be decided by the English Courts to whose jurisdiction the parties agree whatever their domicile may be: Provided that either party may elect to have the dispute referred to the arbitration of a single arbitrator in London in accordance with the provisions of the Arbitration Act, 1950 or any statutory modification or re-enactment thereof for the time being in force. Such election shall be made by written notice by one party to the other not later than 21 days after receipt of a notice given by one party to the other of a dispute having arisen under this agreement. (23)  Execution of lease deed.- The lease deed shall be executed in duplicate. The original shall be retained by the lessor and the duplicate by the lessee. (24) Stamp duty and other expenses relating to execution of lease deed.- The stamp duty and all other expenses in respect of this lease deed and duplicate thereof shall be borne and paid by the lessee. (25) Headings to clauses.- The headings to clauses of this agreement are meant only for convenience of reference and shall not in any way be taken Into account in the interpretation of these presents.   IN WITNESS WHEREOF , the parties hereto have caused this agreement and duplicate thereof to be executed by the duly authorised representatives on the date and year first hereinabove written.   The Schedule above referred to    WITNESSES 1 Signed and delivered by A B Co. Ltd., the lessor through the hands of Shri……………….Managing Director thereof 2. Signed and delivered by X Y Co,. Ltd., the lessee through the hands of Shri………………Managing Director thereof Supplementary documents taken apart from the lease agreements Download Word Document In English. (Rs.40/-) Download PDF Document In Hindi. (Rs.40/-)

  • LETTER BY THE LESSEE ACKNOWLEDGING THE DELIVERY OF EQUIPMENT TAKEN ON LEASE

    LETTER BY THE LESSEE ACKNOWLEDGING THE DELIVERY OF EQUIPMENT TAKEN ON LEASE TO  ……………….………………. ……………….………………. Dear Sir, In terms of lease agreement dated………………. executed between you on the ONE PART and we on the OTHER PART, the equipments, described In the Schedule hereto, have been leased to us on the terms and conditions laid down In the said lease agreement. We, the lessee hereby acknowledge the delivery of the said equipments in good condition and our unconditional acceptance of such equipments under the terms of the said lease agreement on this……………….day of....................20………………. 2. We confirm that the delivery of all the equipment described in the Schedule to the lease agreement has been completed on the delivery date and we have paid the first lease rent payment therefor due on the date of delivery along with six months lease rent in advance vide Cheque No ……………….dated……………….drawn on...................Bank………………. Branch……………….The subsequent monthly rent payable shall be due and payable on the ……………….day of each month commencing next month.   The Schedule above referred to Equipments ________________________________________________________________________ Sr. No  Name of Equipment Make Motor No. SI. No. Number ________________________________________________________________________ 1 .  2. 3. 4. 5. 6. ________________________________________________________________________ Accepted Yours faithfully .................... For………………. Authorised Agent for the lessor  ………………. Works Manager C.C. to Head Office for information. Date ....................   Download Word Document In English. (Rs.15/-) Download PDF Document In Hindi. (Rs.15/-)

  • LEASE FOR EXTRACTING MINERALS FROM THE LAND

    LEASE FOR EXTRACTING MINERALS FROM THE LAND THIS LEASE  made at………………on this………………day of........................20…………… between A, son of B, resident of(hereinafter referred to as the Lessor, which expression shall, where the context so admits, Include the Immediate reversioner for the time being expectant upon the term hereby created) of the ONE PART and the X Y Co. FIA Ltd., a company registered under Companies Act, 1956, and having its registered office at  (hereinafter referred to as the Lessee, which expression shall, where the context so admit include its successors and assigns) of the OTHER PART.   NOW THIS DEED WITNESSETH AS FOLLOWS:   The Lessor hereby demises to the Lessee ALL THOSE the minerals in and under the land described in the Schedule hereto, hereinafter referred to as the demised premises, together with the liberties and with the reservations and expectations hereinafter mentioned, TO HOLD the demised premises for the term of ……………… years commencing from the……………… day of………………paying therefor the rents and royalties hereinafter mentioned.   (2) The Lessee will be entitled to the following liberties in the demised premises:   (i) To search for win, work, get, raise, carry away and dispose of for the lessee's own use and benefit the minerals hereby demised and to let down any surface of the demised premises, where such letting down is reasonably required for working the demised mines paying compensation as hereinafter mentioned.   (ii)To erect upon the demised premises dwelling houses for agents, miners and workmen with the prior consent in writing by the Lessor or his duly authorised agent in this behalf.   (iii) To erect, construct and maintain such engines, machinery and works and to make such railway line and other roads in and upon the demised premises as may be necessary or convenient. (iv)To drive, make and use below the surface of the demised premises such adits, drifts, tunnels, water courses, drains and other ways and to erect any machinery or apparatus for ventilating or draining the demised mines   (v)To do all things which shall be convenient or necessary for the aforesaid purposes.   (3) There are excepted and reserved to the Lessor out of this demise the following    (i)All trees and timber growing on the demised premises with the right to fell and remove the same.   (ii) All mines and minerals not hereinbefore expressly authorised to be got from the demised premises by the Lessee and liberty for the Lessor or his authorised agent to search for sink pints and to work, raise, carry away and dispose off such mines and minerals.   (iii) So much of the minerals which are required for the support of any house or construction now standing on the demised premises or which may hereafter be erected thereon.       (4) The Lessee hereby covenants with the Lessor as follows:   (i) To pay fixed yearly rent of Rs………………payable in, equal quarterly instalments on the day of………………the day of………………the day of………………and the day of……………… in each year (the first quarterly payment of the said rent of Rs………………to be made on the................. day of ).   (ii) To pay royalty by way of lease rent of………………paise per every ton of minerals taken out of the mines hereby demised under the authority of this deed, every payment of such royalty to be made on the quarterly rent day after such way leave shall have been exercised.   (iii) To pay all existing and future rates, taxes, cess, assessments, duties, impositions, outgoings, whatsoever imposed or charged upon the demised premises or the minerals thereof   (iv)To work and get the demised mines in a skilful and workman like manner without damaging the other mines and minerals of the Lessor under the demised premises or in the vicinity thereof or to the houses, buildings, walls and erection thereon.   (v)To fence off the demised premises from the adjoining lands and to keep such fence in good tenantable condition.   (vi) To indemnify and keep the lessor indemnified against all action proceedings, claims and demands in respect of any injury or damage arising out of the use of the demised premises or in respect of any nuisance apprehended therefrom   (vii) To level the pits and shafts that may be made or sunk under the authority of this deed.    (viii) To keep all pits, shafts, drifts, buildings, workshops, erection, machinery, engines and other works used in connection with the demised premises in good and repair conditions and working order.   (ix) To keep accurate accounts showing the quantity of minerals taken out of the demised premises and to deliver to the Lessor or his agent a copy of the account in writing signed by some responsible officer of the Lessee along with the payment of royalty and to allow Lessor or his authorised. agents inspection of the said accounts and to permit them to take copies or extracts therefrom.   (x) To permit the Lessor or his agents with or without surveyors, or other persons at all reasonable times to enter upon, miners, inspect and examine the said mines and demised premises and every part thereof for the purpose of ascertaining the condition thereof and the manner of working by the Lessee and in case the Lessor finds that the said mines or any of them are being worked in an improper or unworkman like manner, he shall give notice in writing to the Lessee to amend his means and the Lessee shall amend his working to the full satisfaction of the Lessor.   (xi) Not to underlet, transfer, assign or part with the possession of the demised premises or any part without obtaining the consent of the Lessor in writing, which consent shall not be unnecessarily withheld.   (xii)Not to interfere with the mines and minerals lying within or under the demised premises not demised to the Lessee with mines and minerals not demised   (xiii) To restore the demised premises to their original or natural level, state and condition before the determination of lease.   (xiv) On the determination of the lease, to deliver up the demised premises with all buildings, railways, fixed machinery, fixtures and apparatus used in connection with the demised mines in good and substantial repair condition   (5) The Lessor hereby covenants with the Lessee as follows: (i) That the Lessee paying the rent and royalties hereby reserved and performing and observing several stipulations and covenants herein on their part contained, shall peaceably hold and enjoy the demised premises, liberties and rights hereby demised without any interruption by the Lessor or any person rightfully claiming under or in trust for him   (ii) That he will keep the Lessee indemnified against all claims, suit, proceedings and demands made by the other Lessees of the Lessor in respect of injury or loss alleged to be caused by the proper exercise of his rights and liberties granted hereunder. (6) It is hereby expressly agreed between the parties as foHows:   (ii)If and whenever any of the rents or royalties hereby reserved or any part thereof shall be in arrear for three months 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; it shall be lawful for the lessor or any person duly authorised by him in that behalf at any time hereafter to enter into and upon the demised premises 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 arrears of rent and/or royalties or any breach of any of the covenants by the Lessee herein contained; provided that no re-entry shall be made for non  payment of rent and/or royalty or for breach of the covenants and stipulations herein contained and on the part of the Lessee to be observed and performed unless and until the Lessor shall have given to  the Lessee a notice in writing specifying the amount payable to him or the covenants, conditions or stipulations which are required to be complied with or carried out and the Lessee shall have failed to pay the rent and/or royalty or to comply with or carry out the same within one month from the date of receipt of such notice.   (ii) If the mines demised shall be wholly exhausted before the expiration of the term hereby granted or if any time the mines hereby demised shall become unworkable due to any inevitable reason, not to improper working or default of the Lessee, then in any of such cases, the Lessee may determine the lease upon any of the said quarterly rent days by giving to the Lessor three months previous notice in writing to that effect and the Lessee shall pay up to the time or such determination, the rents and royalties and perform and observe the covenants and stipulations on their part hereinabove contained.   (iii) If any question, difference or dispute shall arise between the parties hereto concerning the interpretation of this deed or concerning the rents and royalties to be paid or observed or the rights, duties and liabilities of the parties hereunder, the same shall be referred to the decision of a single arbitrator in accordance with the Arbitration Act, 1940 or any statutory re-enactment or modification thereof for the time being in force   (iv) Until the Lessor and the Lessee shall otherwise advise each other in writing, their respective addresses for service of all notices and other communication shall be as under: (a) For Lessor (b) For Lessee:   (7) This Lease Deed shall be executed in duplicate. The original shall be retained by the Lessor and the duplicate by the Lessee.   (8) The stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the Lessee.   (9) The marginal notes and the catch lines hereto are meant only for convenience of reference and shall not in any way be taken into account in the interpretation of these presents   IN WITNESS WHEREOF  the Lessor has set its hands to these presents and a duplicate hereof and the Lessee has caused its common seal to be affixed hereunto and a duplicate hereof on the day and year hereinabove written   WITNESSES   1 Signed and delivered by A, the within named Lessor 2. The common seal of X Y Co. Pvt. Ltd., the within named Lessee was hereunto affixed, pursuant to the resolution of its Board of Directors passed on  the................. in the presence of Shri……………… Director who has signed these presents in token thereof Download Word Document In English. 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  • LETTER OF GUARANTEE AND INDEMNITY

    LETTER OF GUARANTEE AND INDEMNITY TO,  ……………….………………. ……………….………………. 1. In consideration of your agreeing to grant lease of………………. to................ (hereinafter referred to as "the lessee") under the terms of a lease agreement proposed to be made between yourselves and the lessee. of the equipment specified in the Schedule to the said lease agreement and more particularly described in the Schedule hereto, we the undersigned hereby jointly and severally guarantee on demand by you the punctual payment by the lessee all lease rentals, interest, all other sums whatsoever due and the Agreed loss Value referred to in Articles……………….and the Schedule of the lease agreement and the due performance and observance of all the lessee's covenants and obligations thereunder and we further undertake to jointly and severally indemnify and keep you indemnified against all losses, claims, damages, demands, charges and proceedings incurred or suffered by you in consequence of any failure by the lessee to perform any of the lessee's covenants and obligations under the lease agreement.   2. We jointly and severally agree that any notice in writing by you about the indebted-ness of the lessee about the lease rentals and other sums whatsoever due under the lease agreement shall be conclusive evidence against us and we shall pay the said sum to you within....................days of service of notice by you in this regard.   3. We further jointly and severally agree that:   (i) our liability under this guarantee and indemnity shall be as principal debtors and shall be a continuing guarantee and shall be irrevocable; (ii) our liability shall subsist whether or not you have availed legal right or remedies against the losses or not; (iii) our liability shall also extend to cover any renewal or renewals of the lease agreement; and (iv) this guarantee and indemnity shall not be affected or prejudiced by any other guarantee/Indemnity and any other form of security now or hereafter held by the lessor. 4. Our liability under this guarantee shall not in any way be discharged, diminished or affected (i) By the grant of time or indulgence to the lessee or by effecting any compromise with the lessee or any agreement not to sue the lessee or any variations *of the terms of the lease agreement. (ii) Any change in the constitution of the lessee. 5. Our liability under this guarantee shall be in addition to any security or additional security obtained by you from the lessee and the loss, impairment, realisation or release of any security will not in any way diminish or affect our liability. 6. Any waiver, forbearance or indulgence granted by you to us or any of us shall not affect our liability to you hereunder and this guarantee and indemnity shall bind our respective heirs, representatives, executors, successors and assigns and shall not be determined or affected by the death or incapacity of any one of us. The Schedule above referred to   WITNESSES 1. (1) Signature……………….……………….  Full Name.. ……………….………………. Description and address .......................... 2. (2) Signature……………….……………….…… Full Name ................................................ Description and address……………….……… Download Word Document In English. (Rs.20/-) Download PDF Document In Hindi. (Rs.20/-) Download PDF Document In Marathi. (Rs.5/-)

  • LEASE OF LAND TO GOLF CLUB

    LEASE OF LAND TO GOLF CLUB THIS LEASE  made at……………….the……………….day of……………….20…………… between A, son of……………….resident of……………….(hereinafter called the Lessor) of the ONE PART and Golf, Club, a  company incorporated under section 25 of the Companies Act, 1956 and having its registered office at……………….(hereinafter called the Lessee) of the OTHER PART.   WITNESSETH AS FOLLOWS :   (1) In consideration of the rent and the. Lessee's covenants hereinafter reserved and contained, the Lessor hereby demises to the Lessee all that the land bearing Plot No ………………Survey No............................ , Hissa No . ……………….Tehsil……………….District............ more particularly described in the Schedule hereto and delineated on the Plan hereto annexed at Annexure I and thereon shown by Green colour boundary line hereinafter called the demised premises to hold the same unto the Lessee for the term of……………….years from the……………….day of……………….paying therefor during the said term the yearly rent.of Rs……………….by equal quarterly payments on the……………….day of................. , ………………. day of................. , ……………….day of……………….day of……………….in every year and the first payment to be made on……………….and the last to be made one quarter in advance in each case without any deduction.   (2) The Lessee hereby covenants with the Lessor as follows   (a)To pay the rent reserved herein on the day and in manner hereinbefore appointed.   (b) To pay all existing and future taxes, rates, assessments, cess, levies and outgoings whatsoever charged or imposed upon the premises or upon the owner or occupier in respect thereof.   (c) Not to erect or suffer to be erected on any part of the demised premises any building or to make any alterations in the buildings or constructions erected or constructed on the demised premises without the previous consent of the Lessor in writing.   (d) To use the demised premises and such buildings as may be erected thereon as golf links and club-house for the members of the Club and their staff only and for such other games or recreations (if any) as may be approved from time to time in writing by the Lessor.,   (e) Not to assign, underlet, transfer or part with the possession of the demised premises or any part thereof without prior consent, in writing of the Lessor.,   (f)Not to cut down or injure any trees, plants or hedges or remove any soil, clay, sand or other materials from the demised premises.   (g) On the expiration or sooner determination of the said term, to surrender peaceably and yield up the demised premises to the Lessor.   (3) The Lessor hereby covenants with the Lessee as follows     (a)That the Lessee paying the rent hereby reserved and performing and observing the covenants and stipulations herein contained and on his part to be performed and observed shall peaceably hold and enjoy the demised premises during the said term without any interruption by the Lessor or any person claiming under or in trust for him.   (b) That the Lessor shall pay the land tax now imposed or hereafter to be imposed on the demised premises.   (c) That the Lessee may construct at its own expense a Club House with necessary offices on the demised premises in the area delineated on the annexed Plan by Red colour boundary line, for the accommodation of its members and servants, according to such plans as may be approved by the Lessor.   (4) Provided always and it is hereby agreed as follows   (a) If the rent hereby reserved or any part thereof shall be in arrear for one month (whether formally demanded or not) or if there shall be a breach of any covenant or stipulation contained hereinabove or if the Club ceases to exist, it shall be lawful for the lessor to re-enter on the demised premises and thereupon the term hereby created shall forthwith determine, without prejudice to the Lessor's rights and remedies In respect of recovery of rent or for any such breach.   (b) On the expiry or sooner determination of the term, the Lessee may remove all or any buildings, structures or fixtures placed by it on the demised premises without damaging the demised premises, unless the Lessor shall before such determination give notice to the Lessee of his intention to purchase the same or any of them at a price to be agreed upon between the parties or in default of such agreement by two valuers (one to be appointed by each party) or an umpire.   (c)The term of lease can be determined by three months previous notice in writing to the other party and the term shall thenceforth cease and determine on the expiry of period of notice, without prejudice to any  claim which either party may have against the other in respect of any breach of any covenant or stipulation herein.   (5) Any consent or notice requiring to be given hereunder shall be in writing and if given by the Lessor shall be sufficient, if signed by the  Lessor or his duly authorised agent in this behalf, sent under registered post to the Lessee at the above address of the Lessee and any notice to be given to the Lessor shall be sufficiently served, if signed by duly authorised officer of the Lessee and addressed to the Lessor and sent under registered post to the above address of the Lessor.   (6) If any question or dispute shall arise between the parties relating to interpretation of this Deed or any rights or liabilities hereunder, the same shall be referred to two arbitrators or their umpire pursuant to the Arbitration Act, 1940 or any statutory modification thereof.   (7) This Lease Deed shall be executed in duplicate. The original shall be retained by the Lessor and the duplicate by the Lessee   (8) The stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the Lessee.   (9) The marginal notes and the catch lines hereto are meant only for convenience of references  and shall not in any way be taken into account in the interpretation of these presents.   The Schedule above referred to  Annexure   IN WITNESS WHEREOF , the Lessor has set his hands to these presents and a duplicate hereof and the Lessee has caused common seal to be affixed hereunto and a duplicate hereof on the  day, month and the year first above written.   WITNESSES Signed and delivered by A, the within named Lessor 1 The common seal of Golf Club, the within named Lessee was hereunto affixed pursuant to the 2. resolution of the Board of Directors passed on ............. in the  presence of S/Shri……………….and……………….Directors who have signed these presents in token thereof. Download Word Document In English. (Rs.30/-) Download PDF Document In Hindi. (Rs.30/-)

  • LEAVE AND LICENCE AGREEMENT FOR OFFICE PREMISES

    LEAVE AND LICENCE AGREEMENT FOR OFFICE PREMISES Download Word Document In English. (Rs.40/-) Download PDF Document In Hindi. (Rs.40/-) THIS AGREEMENT  made at Mumbai this……………….day of 2000 between XYZ Ltd., a company incorporated under the Companies Act, 1956 having its Registered Office at …Mumbai -, 400005, hereinafter called "the Licensor" (which expression shall unless repugnant to the context or meaning thereof be deemed to Include its successors and assigns and all persons deriving title from It) of the ONE PART AND ABC Ltd., a company incorporated under the Companies Act, 1956 having its Registered Office at ....................... Mumbai - 400001, hereinafter called "THE LICENSEE" (which expression shall unless repugnant to the context or meaning thereof be deemed to include its successors and assigns) of the OTHER PART.   WHEREAS 1. The Licensor has built and seized and possessed of a building known as "XYZ Office,Complex" on the land described and situated at ......................within the city and Registration District and Sub  District of Mumbai bearing Cadastral Survey No ………………. of Colaba Division.   2. The Licensee has requested the Licensor to permit it to use and occupy an area of about ………………. sq. ft. super built up. , , 3. The Licensor has considered the request made by the Licensee and has agreed to permit the Licensee to use and occupy by themselves, their officers, their employees to use and occupy the premises admeasuring……………….sq. ft. super built up on the……………….Floor North side of the said building known as XYZ Office Complex on the terms and conditions hereinafter appearing:   NOW IT IS HEREBY AGREED AND RECORDED BY AND BETWEEN THE PARTIES AS FOLLOWS   1. The Licensor hereby grants to the Licensee leave and license to and use and occupy the office premises admeasuring……………….sq. ft. super built up area on the……………….floor, North side, of the building known as XYZ Office Complex situated at………………Mumbai(hereinafter called the "said premises") for a period of five years commencing from……………….2000 to 2005 with an option in favour of the Licensee to renew the license for a further period of five years;   2. The compensation for the use and occupation of the said premises shall be Rs. .... per sq. ft. per month of the super built up area space during the said term of five years. In the event of the Licensee exercising the option of the renewal of the license for a further term of five years on the expiry of the license on ………………. 2005, the Licensee shall pay to the Licensor a  compensation of Rs……………….per sq. ft. per month of super built up space during the period from ............. to .........   3. In the event of any parking slot or slots being made available by the Licensor to the Licensee on a request being made by the Licensed to the Licensor and subject to a parking slot or slots being available for use the Licensee shall pay to the Licensor for each car parking slot or slots (if made available) per month a compensation at the rate fixed by the Licensor which for the time being is Rs. 2000 but is subject to revision. In respect of car parking slot or slots the Licensee shall pay to the Licensor the amount of compensation for the balance period of the financial year ending 31st March in advance before putting the car parking slot or slots for use.   4. The monthly compensation shall be paid by the Licensee to the Licensor on or before the 10th day of each month to which the compensation relates. In case the Licensee fails to pay the  monthly compensation for a period of 15 days after the same shall have become due the Licensor shall be entitled to terminate the license by giving to the Licensee 15 days notice in writing and on the expiry of the said notice period of 15 days, the license shall stand terminated and the Licensee shall remove itself and all its servants, agents, articles and belongings from the said premises and the car parking slot or slots (if allotted) and hand over the keys of the said premises to the Licensor. On such termination the Licensee shall forthwith cease to use or occupy the said premises and the car parking slot or slots. The said termination shall be without prejudice to the right and remedy of the Licensor to recover all arrears of the compensation and any other money that shall have been owing, due and payable by the Licensee to the Licensor.   5. The Licensee shall bear all the charges for the electricity used in the licensed premises as shown by separate meters.     6. The Licensor hereby agrees with the licensee as follows:   (a) To keep or cause to be kept the premises in good and tenantable condition. (b)To provide and maintain various common facilities and to look after and attend to the same like the electricity, water and sanitary fittings, etc provided that in the event of failure of any of the said  facilities/installation due to any reason beyond the control of licensor, the licensee shall have no recourse against the licensor for non  availability of the said facilities. (c) To allow the licensee to bring upon the premises such equipment as is necessary for the use of the premises for authorized purpose.   7. The Licensee hereby covenants with the Licensor as under: (a)The Licensee shall not use the said premises or any part thereof otherwise than as office premises nor shall the licensee use the parking slot or slots if allotted for any purpose other than that of parking their own car/vehicles of their officials/employees other than commercial vehicles. (b) The Licensee shall not allow any of their employees or servants to stay in the said premises or any part thereof or in the parking space or in any part of the XYZ Office complex building on Sundays and holidays and between the hours of 10 p.m. and 6 a.m. on any other day or such other hours as may be decided by the Licensor from time to time. (c)The Licensee shall keep the said premises with all fittings and  fixtures of the Licensor in a good state of repair and a neat and tidy condition and shall promptly repair any damage done by the Licensee thereto and replace any broken glasses. The Licensee shall paint polish the said premises at appropriate intervals of time. The licensee shall not apply any finish in the form of paint or varnish on fire detecting/fighting devices. (d) The Licensee shall not make any changes, alterations or additions into or upon the said premises or any part thereof respectively without obtaining the previous consent in writing of the Licensor and also approval in writing of concerned statutory authority like BMC/Fire Officer provided that such consent of the Licensor will not be unreasonably withheld or delayed and all such changes, alterations and additions when made shall become and be considered the property of the Licensor unless otherwise previously agreed to between the parties hereto in writing. The Licensee shall not also interfere with or alter the elevational control of the building internally or externally. (e) The Licensee shall not install any heater, hot plate, oven or any other electrical device used for the purpose of heating foodstuff or victuals nor shall Licensee cook or prepare otherwise any foodstuff in the said premises. The Licensor shall provide a pantry on each floor of the said building and shall permit the Licensee to use the space in such pantry for the purpose of making tea or coffee or storing soft drinks or warming food. (f)The Licensee shall not keep or stock any articles, furniture or goods in the passages or lobbies or any other space meant for common use of the other occupants of the building, nor will the Licensee allow any of their employees, servants or visitors to sit in the passages or lobbies. (g) The Licensee shall be allowed to appoint a sweeper to broom, clean and sweep the premises and for removing the garbage and shall collect all garbage, waste paper and other discarded materials within the said premises in a receptacle approved by the Licensor and will not keep or throw the same or allow the same or any part thereof to be kept or thrown in the passages or lobbies outside the said premises. The Licensor will arrange for the removal of the said garbage, etc. from the said premises at least once in a day. The Licensee shall use the devices installed by the Licensor for better and more effective disposal of such garbage, waste paper, etc. Without prejudice to the generality of the foregoing clause, the Licensor shall be at liberty to provide or install any device or contraption for better and more effective disposal of such garbage, waste paper or discarded material and in that event, the provisions of sub clause (i) of this clause shall apply mutatis mutandis in respect of the apportionment of cost of such device or contraption amongst its Lessees and/or Licensees. (h) The Licensee shall not keep any plants or flower pots outside the said premises. (i) The Licensee shall ensure that sanitary towels are not deposited in the water closet pan or commode. For the convenience of the Licensee the Licensor shall provide at the cost of the Licensee a device or contraption in each cloak room reserved for ladies, such device or contraption being intended for the purpose of depositing the sanitary towels and pulverizing them into pulp by means of incinerator or otherwise. The cost to be reimbursed by the Licensee to the Licensor on this account shall be in proportion which the area of the said premises bears to the total area of the said building leased or licensed by the Licensor. (j) The Licensee shall not at any time cover the open parking space if licensed to them but shall keep it open to sky at all times. (k) The Licensee shall not give on Leave and Licence or sublicense basis or permit the use or occupation of the said premises or any part or portion thereof to or by any other person, firm, body or entity. (l)The Licensee shall not do or cause or allow to be done anything in or about the said premises or in the parking space allotted to them which may be or become a nuisance or a source of danger or annoyance to the Licensor or other occupants or to the tenants/ licensees of the Licensor. (m) The Licensee shall not keep or store in the said premises or any part thereof any article or goods of a hazardous or inflammable nature or of a nature which may endanger the health or safety of other occupants or tenants/licensee of the XYZ Office Complex or which may require extra or higher premium to be paid by the Licensor to the Insurance Company with which the building of the Licensor may be insured against the risk of fire and other risks. (n) The Licensee shall not lay or cause to be laid a telephone cable or wire on, over, under or in any area of the building not intended to be part of the said premises. For the convenience of the lessees and licensees, the Licensor has installed main distribution frame (MDF) in the basement of the XYZ Office complex building, on which telephone cables of MTNL are terminated. From this MDF, 50 pair telephone cables are laid by the Licensor upto each floor of the said building and terminated on tag blocks in the junction boxes to the said premises for the purposes of connecting a telephone or telephones to be installed on the said premises by the Licensees. The Licensee shall reimburse to the Licensor the cost of so providing the external cables from MDF in the basement to the junction box, the junction box, tag blocks, conduits, etc. The cost to be so reimbursed shall be in proportion which the said premises bears in the area to the total area of the building leased/licensed, or agreed to be leased/licensed by the Licensor. (o) The Licensee shall not cut, maim, injure or damage any of the walls, joints, or timber or partition or any other part of the said premises including the building's fixtures, installations, appliances and fittings and shall keep the same in good order and condition. The Licensee shall not without the prior permission in writing of the Licensor make any addition or alteration in the external appearance of the said premises. The Licensee shall with prior permission in writing from the Licensor however, may fix or install fittings or fixtures in the said premises including non-permanent partition, cabins, shelves, racks and other office fittings and to remove the movables. No inflammable material shall be used or permitted to be used by the Licensee in carrying out any interior decoration of the said premises and all materials to be used for interior decoration shall be of non-inflammable nature and shall first get approved by the Licensor and Chief Fire officer (p) If the Licensor considers it necessary to install or add any equipment or asset for the benefit of all the Lessees/Licensees of the XYZ Office Complex such equipment or asset will be installed or added in the premises at the-cost of such Lessees/Licensees provided that the installation or addition of such equipment or asset is considered necessary and approved by the Lessees/Licensees or not less than three fourth of the built up area that shall have been leased, licensed in XYZ Office Complex building. The cost to be borne by each Lessee/ Licensee shall be in the proportion which the area of the premises held by such Lessee/Licensee bears to the total area of the said building leased or agreed to be leased/licensed by the Licensor, and the Lessee/Licensee shall on demand by the Licensor, pay their share to meet the cost of such equipment or asset. (q) The Licensees shall not put up, or construct or provide a toilet (including urinal, WC, Washbasin or washing place) either of a permanent or temporary nature, in any part of the said premises. (r)The Licensee shall not without the consent of the Licensor install or put up any window air-conditioner or extra ventilation in any part of the said premises. The Licensee shall not make any alteration to any wall which affect its elevation externally. (s) The Licensee shall not paint affix put up on any exterior or interior portion of the said building any name sign board, poster or advertisement, but the Licensee will be allowed to put up on or near such size and design and at such place as the Licensor may approve in writing. In addition, the Licensor will put on the main name board affixed in the entrance passage on the ground floor of XYZ Office Complex building the name of the Licensee and the number of the floor on which the licensed premises are located. (t)The Licensee shall allow the employees, agents, workmen and engineers of the Licensor and all other persons authorized by it to enter upon the said premises and car parking slot or slots at all reasonable times in the day, after giving at least twenty four hours previous notice for viewing and inspecting the condition of the said premises and for effecting such repairs or alterations thereto as the Licensor may think fit or necessary and for taking inventory of the XYZ Office Complex's and/or the Licensee's fixtures and fittings therein. (u) The Licensee shall comply with all rules and regulations which may from time to time be framed by the Licensor in regard to the use of the said premises. (v) The Licensee shall make good to the Licensor any loss or damage that may be caused to the said premises and equipment or apparatus or any other fittings, fixtures, articles or property of the Licensor therein as a result of negligence on the part of the Licensee, its servants, employees, of contractors of the Licensee, agents, customers, visitors and or other persons calling at the said premises in connection with the business of the Licensee or otherwise howsoever. (w) The Licensee shall perform and observe strictly the provisions hereof and also the provisions of law of the country for the time being and from time to time in force and also the rules and regulations and the bye laws of the Licensor for the time being and from time to time in force. (x) The Licensee shall not claim exclusive possession of the said premises nor shall its staff and employees or representative claim such exclusive possession of the said premises being with the Licensor and shall not claim tenancy rights or any right higher than the personal right to use the said premises and shall not claim any protection as tenant or protected Licensee under the Rent Act. (y) The Licensee shall indemnify the Licensor against any loss or damage that may be suffered as a result of breach by Licensee of any of the provisions herein contained or otherwise due to any act or conduct of the Licensee, its staff, servants and agents leading to breach of the provisions hereof or of law or of the rules regulations and bye-laws of the Licensor as may be in force for the time being and from time to time. (z)On the expiration or sooner determination of the license hereby granted or expiration or determination of the renewal thereof if granted, the Licensee shall remove itself from the said premises and the car parking slot or slots all its staff and employees and all its belongings and restore the said premises and said car parking slot or slots to its original condition (reasonable wear and tear excepted) and shall not claim any alternate premises and in case the Licensee has carried out any additions to the said premises which are of a permanent nature, then in that event, the Licensee shall not remove the same while removing itself from the said premises and the car parking slot or slots and the Licensor shall . not be entitled to pay any price in respect thereof. (aa) The Licensee shall duly obtain ali the licenses and permissions required by law and it shall be responsible to take out, obtain and keep in force and pay for all such necessary licenses and permits for the purposes of carrying on its business. (bb) The Licensee shall observe and comply with all Rules & Regulations of the Maharastra Shops & Establishment Act, Employees State Insurance Act. Employees Provident Funds Act or the provisions of any law including rules and regulations of any local authority or any other authority in force from time to time which may be applicable to the business of the Licensee and the business of the Licensor. 8) The Licensor hereby agrees with the Licensee as follows:  (i)                  to keep or cause to be kept the premises in good tenantable condition; (ii)                to allow the Licensee to bring upon the said premises such equipments for the use of the premises for authorised purpose (9)The Licensor shall not be responsible for any injury or damage which may be caused or done to the persons or property of the Licensee or to the person or property of their employees, agents and customers who may for the time being be in occupation or visiting or being in or about XYZ Office Complex building or the said premises, whether such injury or damage may be caused by fire, rain, tempest, leakage, drainage, or bursting of water lines, waste/or sewage pipe or tanks, electric gas or other installations or fittings or the use of electric gas or other appliances and whether the same be in or upon the said premises or not or by the collapse or giving way of the building or any part thereof including any portions of the flooring ceiling walls, timber, terrace of roof or from any cause or causes whatsoever. The Licensor shall not be responsible or liable to the Licensee for any shortage or deficiency or total stoppage or failure of water and/or electricity supply of air conditioning, and telephone services or any of them.   (10) The Licensee shall not be entitled to take any objection about the supply of water to the said promises so long as there is no default or neglect on the part of the licensor as the water is regulated by the Municipal Corporation   (11) The Licensee shall not hold the Licensor responsible for or liable for any loss or damage suffered by the Licensee on account of any theft, fire or other destruction caused to or in the said premises or to any property brought by the Licensee in the said premises or in the car parking slot or slots by any act or omission on the part of the occupants of the other premises or to their servants or agents or visitors (except in the event of willful default or negligence on the part of the Licensor).   (12) The Licensee shall not be entitled to claim from the Licensor any damage or reduction in the compensation or any refund thereof on account of failure of water supply or electric supply to the said premises or the XYZ Office Complex Building or any part thereof or the failure of the air conditioning plant and all or any of the lifts in the XYZ Office Complex building due to any reason or cause whatsoever.    (13) If at any time during the said term the said premises or car parking slot are damaged or destroyed by fire, storm, flood, tempest, earthquake, enemies, war, riot, civil commotion or by any other irresistible force or act of God so as to make the same unfit for use, occupation and inhabitation then in that event the license hereby created shall forthwith be terminated.   (14) A duplicate key of the main entrance door of the said premises shall be given by the Licensor to the Licensee. No alteration to the lock will be made by the Licensee without permission of the Licensor. (15) If the Licensee desires any alterations other than structural alterations to the commercial premises Including that of frontage thereof for the purpose of the business, he shall first request the Licensor and after obtaining the permission of the Licensor may carry out such alterations proper at the cost of the Licensee and after obtaining the approval of Brihad mumbai Municipal Corporation as may be required. (16) It is the express intention of the parties hereto that the agreement shall be a mere license, the use and occupation thereof by the Licensee being restricted for the purpose of using the said premises on the terms and conditions contained in this license.       (17) Notwithstanding anything herein contained. the Licensor shall be entitled to determine the License hereby created by giving to the Licensee prior notice of 30 days in writing in the event of the Licensee committing breach of any of the terms and conditions of this Agreement, or becoming insolvent or going into liquidation or compounds with its creditors, unless the breach complained of in writing is rectified or remedied within the said period of 30 days. On the expiration of the said period of 30 days, the Licensee shall vacate the premises fully and return the duplicate key of the premises to the Licensor. Provided further if the Licensee being a foreign company foreign national is not permitted to carry on business activities in India, then in that event, the Licensee shall forthwith vacate the said premises fully by giving intimation to the Licensor and return the duplicate key of the promises to the Licensor.   (18) Any notice intended to be given to the Licensee shall be deemed to be properly and validly given if it is addressed to the said premises or otherwise sent by Registered post with Acknowledgement due to that address and likewise the notice meant for the Licensor shall addressed to and delivered or sent by Registered Post with Acknowledgement due to the Licensor at XYZ Office Complex Building on 31 st floor. (19) The stamp duty applicable and registration charges payable  on this agreement and its  duplicate shall be borne and paid by the Licensee. A sum of Rs.10,000 will be borne by the Licensee as cost and charges of the Licensors Solicitors and incidental to the preparation of this Agreement. (20) That in case of any dispute or difference between the parties with regard to any matter including interpretation of this agreement and clarifications thereto, the same shall be referred to the Joint Arbitration in Mumbai of whose decision shall be final and not to be questioned in a Court of law. IN WITNESS WHEREOF  the parties hereto have executed this Agreement on the day and year first hereinabove mentioned SIGNED, SEALED AND DELIVERED By the within named Licensor by its Managing Director Shri ........ In the presence of…………… SIGNED, SEALED AND DELIVERED By the within named Licensee ABC Ltd.  By its  In the presence

  • Lease of a Furnished House for Residential Purposes

    Lease of a Furnished House for Residential Purposes This Lease made at ................ the ................. day of ..............., 2000, between A, son of ................. resident of ................. (hereinafter called 'the Landlord') of the One Part and B, son of …............. resident of ................. (hereinafter called 'the Tenant') of the Other Part. Whereas the Landlord is absolutely seized and possessed of or otherwise well and sufficiently entitled to the furnished dwelling house described in the Schedule hereunder written. And Whereas at the request of the tenant, the Landlord has agreed to let the said furnished dwelling house to the tenant 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, covenants and agreements herein contained and on the part of the tenant to be observed and performed, the Landlord doth hereby demise unto the tenant all that the furnished dwelling house bearing Municipal No................... ...........Road, ................. City, described in the First Schedule hereunder written with fixtures, fittings and appurtenances Together With the furniture and effects mentioned in Second Schedule, To Hold the same unto the tenant for a term of ................. years commencing from the 1st day of .................., 2000, but subject to the earlier determination of this demise as hereinafter provided and paying therefor during the said term the monthly rent of Rs. ................. free and clear of all deductions in advance on or before 5th day of each and every calendar month, the first of such monthly rent shall be paid on the 5th day of ................... and the subsequent to be paid on or before the 5th day of every succeeding month regularly. 2.     The lessee hereby for himself, his heirs, executors, covenants administrators and assigns, agrees to the following covenants: a.     To pay the rent on the days and in the manner as aforesaid; b.    To pay all rates, taxes, assessments, cess and outgoings whatsoever now or hereafter imposed or charged or payable to the State of ................ Municipal Corporation .................. local or any other authority, upon the said dwelling house or any part thereof; c.     To repair and keep the interior of the dwelling house, fixture, fittings, sanitary and water apparatuses therein in tenantable condition throughout the term; d.    To keep the furniture clean and in good repair order and preservation and to make good the damages thereto; e.     To allow the landlord and his agents at all reasonable times to enter upon and examine the condition of the dwelling house and the furniture; f.     If the landlord finds that any repair is necessary to the dwelling house and/or furniture, he shall serve upon the tenant a notice in writing to carry out the repairs in the dwelling house or furniture and the tenant shall carry out the repairs within one month after the service of such a notice; g.    To insure the dwelling house and furniture against loss or damage by fire with an insurance company approved in writing by lessor for an amount which shall not be less than Rs. .................. unless otherwise agreed to in writing between the parties; h.     Not to underlet, assign or part with the possession of the dwelling house and furniture or any part thereof; i.      To use the dwelling house for the purpose of private residence only; j.      To replace all broken fittings, fixtures, sanitary and water apparatuses by equally good or better substitutes; k.     To keep and maintain the premises clean, tidy, healthy, wind and watertight in all seasons; l.      To permit the Landlord during the one month immediately preceding the determination of the term to affix a notice for re-letting the same and to permit during the said one month the dwelling house and the furniture to be viewed at any reasonable times by any prospective tenants; m.   On the expiration or earlier determination of the lease to deliver peaceful and vacant possession of the dwelling house and furniture in its entirety together with all improvements, if any done thereto without any claim for compensation on that account. 3.     The Lessor hereby agrees to the following covenants: a.     The tenant paying the rents and observing and performing the conditions and covenants herein contained, shall quietly and peaceably hold, possess and enjoy the said dwelling house during the said term without any interruption and disturbance by the Landlord or any person claiming under or in trust for him. b.    To keep all the external parts of the dwelling house in tenantable repair. 4.     It is hereby agreed between the parties as follows: a.     If the monthly rent or any part thereof payable in the manner hereinbefore mentioned shall be in arrears for a period of three months or if any of the covenants and stipulations herein contained and on the part of the tenant to be observed and performed shall not be so observed and performed by the tenant, then in such event the Landlord or any person or persons duly authorised by him in that behalf at any time may terminate the tenancy and may enter into and upon the dwelling house provided that the tenancy shall not be terminated and no re-entry shall be made under the foregoing power, unless and until the Landlord shall have given to the tenant a notice in writing specifying the arrears of rent which is required to be paid or specifying the covenants and conditions or stipulations which require to be complied with or carried out and the tenant has failed to pay the arrears of rent or comply with or carry out the same within one month from the date of the receipt of such notice. b.    If at any time the dwelling house or the furniture or any part thereof shall be rendered unfit for occupation or use by reason of any damage; not due to default of the tenant, the landlord shall reinstate the same at his own expenses and with all convenient speed. 5.     Until the Landlord and the tenant shall otherwise advise each other in writing, their addresses for service of all notices and other communications shall be as under: a.     For the Landlord : ……………………………………………………… b.    For the Tenant : ……………………………………………………… 6.     This Lease Deed shall be executed in duplicate. The original shall be retained by the Landlord and the duplicate by the tenant. 7.     The stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the tenant. 8.     The marginal notes and the catch lines hereto are meant only for convenience of references and shall not in any way be taken into account in the interpretation of these presents. IN WITNESS WHEREOF, the Landlord and the tenant have put their respective hands on the original and duplicate thereof the day, month and year first hereinabove written. The First Schedule above referred to Description of the dwelling house) The Second Schedule above referred to (List of furniture and effects) Signed and delivered by the within named Landlord A Signed and delivered by the within named Tenant B WITNESSES; 1. 2 Download Word Document In English. (Rs.30/-) Download PDF Document In Hindi. (Rs.30/-) Download PDF Document In Marathi. (Rs.30/-)

  • Deed of Lease (for a Term in Perpetuity)

    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 ... Download Word Document In English. 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  • Tripartite Lease Agreement between Lessor

    Tripartite Lease Agreement between Lessor, Lessee and the Guarantor Download Word Document In English. (Rs.50/-) Download PDF Document In Marathi. (Rs.50/-) THIS AGREEMENT of Lease made at_____________ on this__________ day of_____________ 2000, between ABC Co. Ltd., a company incorporated under the Companies Act, 1956 and having its registered office at __________ (Hereinafter referred to as "the lessor") of the FIRST PART and XYZ Co. Ltd., a company incorporated under the Companies Act, 1956 and having its registered office at ____________ (Hereinafter referred to as "the lessee") of the SECOND PART and M, son of ____________resident of_______________ (hereinafter referred to as "the Guarantor") of the THIRD PART. WHEREAS on the request made by the Lessee, the Lessor has agreed to purchase the equipment, more particularly described in the Schedule hereto (Hereinafter referred to as "the Equipment") at the price mentioned in the proposal form signed by the Lessee AND WHEREAS the Lessee has offered to take the equipment so purchased by the lessor. AND WHEREAS the Guarantor has agreed to stand surety for the payment of lease rentals and observance and performance of covenants, stipulations and terms and conditions of this agreement. AND WHEREAS the Lessor has agreed to purchase and lease the said equipment to the Lessee upon the terms and conditions hereinafter appearing. NOW IT IS HEREBY AGREED AS FOLLOWS: 1.     In pursuance of the said agreement and in consideration of the lease rent hereby reserved and of the covenants, stipulations and terms and conditions herein contained and on the part of the lessee to be observed and performed, the Lessor doth hereby grant the lease of the equipment unto the Lessee upon the terms and conditions hereinafter mentioned for the term of __________ years commencing on the________ day of _______200-. 2.     The Lessee shall pay to the Lessor lease rent at the rates on the days and in the manner specified in the Schedule hereunder written without deduction or abatement in advance on the 1Oth day of each calendar month, the first such payment to be made on the____________ day of________ and if the lease rent is not paid on the due dates, the Lessee shall pay interest thereon at the rate of______ % per month from the due date till payment. 3.     The equipment shall be delivered to the Lessee by the manufacturer at the Lessee's factory at the address specified in the Schedule and the Lessor will not be liable for any loss or damage caused to the equipment before or in the process of transportation or delivery of the equipment. 4.     The Lessee acknowledges, declares and agrees that:                       i.        the equipment is of a size, design, capacity and manufacture selected by the Lessee;                      ii.        the Lessee has selected the equipment and the manufacturer based on its own judgment;                     iii.        the Lessor is not the manufacturer or supplier of the equipment and it has not made any representations or statement about the equipment and the Lessee disclaims any reliance on the statement made by the Lessor, if any relating to the equipment;                     iv.        the Lessee has not given any warranties express or implied on to any matter whatsoever including the condition, fitness or merchantability of the equipment or suitability of the same for any purpose;                      v.        the Lessor will not be liable to the lessee for any liability, claim, loss, damage or expenses of any kind or nature whatsoever arising from the leasing, installation, use or operation of the equipment or its failure to operate or perform or otherwise howsoever. 5.     The lessee shall throughout the said term:                       i.        Pay the lease rentals and other amounts regularly and punctually payable hereunder.                      ii.        Keep and maintain the equipment in good and substantial repair and condition (fair wear and tear excepted) and in case the equipment is required to be repaired, to get the equipment repaired by the person, firm or body nominated by the lessor and in the event of the lessee failing to do so, the lessor shall be entitled to take possession of the equipment and get the equipment repaired and in such case the lessee will forthwith repay to the lessor the full cost of repairs incurred by the lessor.                     iii.        Install, use and operate the equipment properly and carefully and in conformity with the instructions given by the manufacturer in this behalf.                     iv.        To pay or cause to be paid all rates, taxes, licence fees, duties, surcharges, registration charges and other outgoings payable in respect of the equipment, or its installation, use or operation thereof or in respect of the premises where the equipment may be placed or kept for the time being and on demand produce the receipts thereof to the lessor or his authorised representatives and in case of failure by the lessee to pay the rates, taxes, etc., the lessor shall be at liberty (but not bound) to make all or any of such payments and to recover the amount thereof from the lessee forthwith.                      v.        Keep the equipment at all times in its possession and control at the location shown herein viz.______________ and will not remove the said equipment therefrom without the prior written consent of the lessor.                     vi.        Not cause or permit affixation of equipment to any immovable property.                    vii.        Insure and keep the equipment insured during the term of the lease, at its own cost, in the name of the lessor against loss or damage by theft, fire, accident, and other risks and on such terms as the lessor may require with ________________ company Ltd. for an amount equal to the full value of the equipment, in the event of the lessee failing to insure, the lessor may do so and recover the cost thereof from the lessee forthwith. The Lessee shall pay the insurance premiums and shall hand over the policies of insurance and receipts of payment of premiums to the lessor.                   viii.        Not to make any alteration, addition or improvement in equipment without the prior written consent of the lessor and any alteration, addition or improvement when made to the equipment shall be deemed to be part and parcel of the equipment owned by and belonging to the lessor.                     ix.        To permit lessor and all persons authorised by it at all reasonable times to enter upon the premises where the equipment is placed or kept for the time being in force and to inspect and examine the condition of the equipment.                      x.        Obtain all necessary licences, permissions, etc. for the use and operation of the equipment and not to use the equipment in contravention of the terms and conditions of such licences, permissions, bye-laws or regulations of any local or statuary authority for the time being in force.                     xi.        To indemnify and keep indemnified the lessor against any claim, demand, liabilities, proceedings or expenses, brought, filed or incurred against him relating to the transportation, delivery, operation or use of the equipment including injuries to or death of persons arising from or pertaining to the transportation possession, installation, operation or use of the equipment. 6.     The lessee acknowledges, declares and confirms that it holds the equipment as a mere bailee and the lessor is and will be having sole and exclusive right, title and interest in the equipment and the lessee will affix or place plate or makings on the equipment indicating the lessor''s title and therein. 7.                             i.                If the equipment or any part thereof is lost, destroyed or damaged, the lessee shall notify you the same to the lessor and receive the moneys from the insurance company and hold the same on trust for the lessor and pay or apply the same as directed by the lessor.                      ii.                If in the opinion of the lessor, the equipment is lost, stolen or damaged to such extent, which is incapable of repair; the insurance money will be applied to make good the damages under the insurance policies.                     iii.                If in the opinion of the lessor. the equipment can be repaired then the insurance monies shall be applied in repairing or replacing the equipment with similar type and quality and in such an event the replaced equipment shall be held by the lessee under the terms of this lease.                     iv.                Save as provided in above sub-clauses, the loss, theft or destruction of or damage to the equipment shall not affect the continuance of the lease and the lessee will continue to be liable to pay lease rentals in respect of the equipment. 8.     If the lessee-                       i.                fails to pay lease rentals or part thereof or any other payments payable hereunder for a period of one month; or                      ii.                fails to effect insurance of the equipment or fails to pay insurance premiums as and when due or fails to reimburse the same to the lessor if paid by him; or                     iii.                sells, mortgage, charge, demise, sub-let or otherwise dispose of or tries to sell, mortgage, charge, demise, sub-let or otherwise dispose of the equipment; or                     iv.                fails to perform or observe its covenants, stipulations, terms and conditions, to be performed or observed by the lessee under this lease deed or in any other document executed by the lessee in connection herewith and such failure or breach continues for a period of one month after service of written notice to the lessee; or                      v.                pass a resolution of winding-up or have a petition for winding- up presented against or if a receiver shall be appointed of the whole or part of the assets, properties or undertakings of the lessee or shall compound with or enter into any composition with its creditors;                     vi.                do or suffer any act or thing or omits to do or suffer any act or thing, in consequence of which the equipment may or is likely to be distrained, endangered, attached or taken execution under any legal process or by any public authority.'                    vii.                if any judgment or order against the lessee shall remain unsatisfied for more than fourteen days;                   viii.                if he abandons the equipment. Then and on the occurrence of any such event it shall be lawful for the lessor to terminate this agreement, without prejudice to any action that it may take against the lessee for any right or remedy under this agreement or otherwise at law or to exercise all or any of the following rights or remedies viz:                       i.                to take possession of the equipment and for that purpose enter upon any premises where the equipment is or is believed by the lessor to be for the time being situated and detach and dismantle the equipment;                      ii.                sell, transfer, assign, lease or dispose of the equipment or part thereof by public or private sale with or without notice to the lessee;                     iii.                require the lessee to pay to the Lessor all sums due and payable under this lease, interest on the due lease, rentals, liquidated damages for loss of a bargain and not as a penalty and other expenses incurred by the lessor due to termination of the lease before the term of the lease;                     iv.                exercise any other right or remedy available to the lessor under any law for the time being in force. It is hereby declared that the lessee shall also be liable to pay all legal fees, costs and expenses incurred by the lessor from the foregoing defaults or the exercise of the lessors' remedies and the remedies referred to above are not intended to be exclusive, but shall be cumulative and shall be in addition to any other remedy available to the lessor under any law for the time being in force. 9.     Any express or implied waiver, by the lessor of any default shall not constitute a waiver of any default by the lessee or waiver of any of the lessor's right. The lessor shall not be deemed to have waived any of the lessor's rights or any provision of this agreement or any notice given hereunder unless such waiver be provided in writing by lessor. 10.  If the lessee having paid all lease rentals and other amounts payable under the lease deed and observed and performed all the covenants, stipulations, terms and conditions, shall desire to renew this lease and shall give notice of such desire not less than_________ months prior to the expiration of the term hereby granted, the lessor shall grant renewal of the lease for a further period of ______ years commencing on the date of expiration of this lease on the same terms and conditions as those herein contained including the right of renewal, but at a lease rental of Rs________ per month.). 11.  Upon expiry of the lease term hereby granted or renewal hereof or sooner determination in terms of this lease deed, the lessee shall at its own cost forthwith deliver or cause to be delivered the equipment to the lessor at such place as may be intimated by the lessor to the lessee. 12.  Time shall be the essence of this agreement in so far it relates to the observance or performance of all or any of its obligation, covenants or liabilities hereunder by the lessee. 13.  During the term of this lease, the lessee shall submit its Balance Sheet and Profit and Loss Account as and when they are ready and other information, reports and statements as may be required by the lessor. 14.  This agreement is personal to the lessee and it shall not transfer, assign or otherwise dispose of its rights or obligations hereunder. 15.  The Guarantor hereby guarantees the payment of lease rentals and other moneys payable by the lessee to the lessor under these presents and observance and performance of the covenants, stipulations, terms and conditions by the lessee. The Guarantor also hereby agrees to pay on demand any money due or which becomes payable under this agreement and not paid by the lessee. The guarantor hereby further agrees that any time granted to the lessee or any indulgence shown to him in respect of this agreement shall not prejudice the lessor's right or relieve the guarantor from his guarantee, which shall be a continuing guarantee and his liability will be coextensive with that of the lessee and it will not be necessary for the lessor to serve any notice to the guarantor for any default committed by the lessee or any concession, or indulgence shown by the lessor to the lessee. 16.  The lessor hereby assigns to the lessee the right of warranties provided by the manufacturer of the equipment and the lessee shall be entitled to make any claim for any defect or deficiency, for any breach of condition or warranty directly against the manufacturer and for this purpose if the lessee requests to the lessor, the lessor shall authorise the lessee for enforcing due performance of any warranties or performance guarantees relating to the equipment. 17.  All disputes, questions, differences and claims whatsoever arising from this agreement between the parties and/or /their successors or assigns touching these presents or any right or liability arising from these presents shall be referred to the arbitration of two arbitrators, one to be appointed by each party and such reference shall be deemed to be reference under and subject to the provisions of Arbitration Act, 1996 or any statutory modification or re-enactment thereof for the time being in force and arbitration proceedings will be held at _______________ 18.  Any notice or letter required to be given herein shall be given to the parties hereto in writing by RPAD at the addresses above mentioned or such other address as the parties may hereafter substitute by notice in writing to the other parties. 19.  All prior agreements or arrangements whether oral or written between the parties or relating to the lease of the equipment by the lessor to the lessee shall be deemed to be cancelled and superseded by this agreement. 20.  This lease deed shall be executed in triplicate. The original shall be retained by the lessor, duplicate by the lessee and triplicate by the guarantor. 21.  The stamp duty and all other expenses in respect of this lease deed and duplicate thereof shall be borne and paid by the lessee. 22.  The headings to the clauses of this agreement are meant only for convenience of reference and shall not in any way be taken into account in the interpretation of these presents. IN WITNESS WHEREOF the parties hereto have executed these presents and duplicate and triplicate copy thereof on the day and year hereinabove written. The Schedule above referred to Signed and delivered by the within named ABC Co. Ltd., the lessor by the hands of Shri..................... Managing Director thereof Signed and delivered by the within named XYZ Co. Ltd., the lessee by the hands of Shri............... Managing Director thereof Signed and delivered by the within named M, the guarantor WITNESSES; 1. 2.

  • Tripartite Lease Agreement between Lessor

    Tripartite Lease Agreement between Lessor, Lessee and the Guarantor Download Word Document In English. (Rs.60/-) Download PDF Document In Hindi. (Rs.60/-) Download PDF Document In Marathi. (Rs.60/-) This Agreement of Lease made at .................... this .................. day of ................, 2000, between ABC Co. Ltd., a company incorporated under the Companies Act, 1956 and having its registered office at .................... (hereinafter referred to as "the lessor") of the FIRST PART and XYZ Co. Ltd., a company incorporated under the Companies Act, 1956 and having its registered office at ................... (hereinafter referred to as "the lessee") of the Second Part and M, son of .................... resident of ..................... (hereinafter referred to as "the Guarantor") of the Third Part. Whereas on the request made by the Lessee, the Lessor has agreed to purchase the equipment, more particularly described in the Schedule hereto (hereinafter referred to as "the Equipment") at the price mentioned in the proposal form signed by the Lessee. And Whereas the Lessee has offered to take the equipment so purchased by the lessor. And Whereas the Guarantor has agreed to stand surety for the payment of lease rentals and observance and performance of covenants, stipulations and terms and conditions of this agreement. And Whereas the Lessor has agreed to purchase and lease the said equipment to the Lessee upon the terms and conditions hereinafter appearing. Now it is Hereby agreed as Follows: 1.        In pursuance of the said agreement and in consideration of the lease rent hereby reserved and of the covenants, stipulations and terms and conditions herein contained and on the part of the lessee to be observed and performed, the Lessor doth hereby grant the lease of the equipment unto the Lessee upon the terms and conditions hereinafter mentioned for the term of ............... years commencing on the .................... day of ...................., 2000. 2.        The Lessee shall pay to the Lessor lease rent at the rates on the days and in the manner specified in the Schedule hereunder written without deduction or abatement in advance on the 1Oth day of each calendar month, the first such payment to be made on the .................... day of .................... and if the lease rent is not paid on the due dates, the Lessee shall pay interest thereon at the rate of .................... % per month from the due date till payment. 3.        The equipment shall be delivered to the Lessee by the manufacturer at the Lessee's factory at the address specified in the Schedule and the Lessor will not be liable for any loss or damage caused to the equipment before or in the process of transportation or delivery of the equipment. 4.        The Lessee acknowledges, declares and agrees that:                       i.        the equipment is of a size, design, capacity and manufacture selected by the Lessee;                      ii.        the Lessee has selected the equipment and the manufacturer based on its own judgment;                     iii.        the Lessor is not the manufacturer or supplier of the equipment and it has not made any representations or statement about the equipment and the Lessee disclaims any reliance on the statement made by the Lessor, if any relating to the equipment;                     iv.        the Lessee has not given any warranties express or implied on to any matter whatsoever including the condition, fitness or merchantability of the equipment or suitability of the same for any purpose;                      v.        the Lessor will not be liable to the lessee for any liability, claim, loss, damage or expenses of any kind or nature whatsoever arising from the leasing, installation, use or operation of the equipment or its failure to operate or perform or otherwise howsoever. 5.        The lessee shall throughout the said term:                       i.        Pay the lease rentals and other amounts regularly and punctually payable hereunder.                      ii.        Keep and maintain the equipment in good and substantial repair and condition (fair wear and tear excepted) and in case the equipment is required to be repaired, to get the equipment repaired by the person, firm or body nominated by the lessor and in the event of the lessee failing to do so, the lessor shall be entitled to take possession of the equipment and get the equipment repaired and in such case the lessee will forthwith repay to the lessor the full cost of repairs incurred by the lessor.                     iii.        Install, use and operate the equipment properly and carefully and in conformity with the instructions given by the manufacturer in this behalf.                     iv.        To pay or cause to be paid all rates, taxes, licence fees, duties, surcharges, registration charges and other outgoings payable in respect of the equipment, or its installation, use or operation thereof or in respect of the premises where the equipment may be placed or kept for the time being and on demand produce the receipts thereof to the lessor or his authorised representatives and in case of failure by the lessee to pay the rates, taxes, etc., the lessor shall be at liberty (but not bound) to make all or any of such payments and to recover the amount thereof from the lessee forthwith.                      v.        Keep the equipment at all times in its possession and control at the location shown herein viz. .................... and will not remove the said equipment therefrom without the prior written consent of the lessor.                     vi.        Not cause or permit affixation of equipment to any immovable property.                    vii.        Insure and keep the equipment insured during the term of the lease, at its own cost, in the name of the lessor against loss or damage by theft, fire, accident, and other risks and on such terms as the lessor may require with …………………………………………………….. company Ltd. for an amount equal to the full value of the equipment, in the event of the lessee failing to insure, the lessor may do so and recover the cost thereof from the lessee forthwith. The Lessee shall pay the insurance premiums and shall hand over the policies of insurance and receipts of payment of premiums to the lessor.                   viii.        Not to make any alteration, addition or improvement in equipment without the prior written consent of the lessor and any alteration, addition or improvement when made to the equipment shall be deemed to be part and parcel of the equipment owned by and belonging to the lessor.                     ix.        To permit lessor and all persons authorised by it at all reasonable times to enter upon the premises where the equipment is placed or kept for the time being in force and to inspect and examine the condition of the equipment.                      x.        Obtain all necessary licences, permissions, etc. for the use and operation of the equipment and not to use the equipment in contravention of the terms and conditions of such licences, permissions, bye-laws or regulations of any local or statuary authority for the time being in force.                     xi.        To indemnify and keep indemnified the lessor against any claim, demand, liabilities, proceedings or expenses, brought, filed or incurred against him relating to the transportation, delivery, operation or use of the equipment including injuries to or death of persons arising from or pertaining to the transportation possession, installation, operation or use of the equipment. 6.        The lessee acknowledges, declares and confirms that it holds the equipment as a mere bailee and the lessor is and will be having sole and exclusive right, title and interest in the equipment and the lessee will affix or place plate or makings on the equipment indicating the lessor’s title and therein. 7.                              i.        If the equipment or any part thereof is lost, destroyed or damaged, the lessee shall notify you the same to the lessor and receive the moneys from the insurance company and hold the same on trust for the lessor and pay or apply the same as directed by the lessor.                      ii.        If in the opinion of the lessor, the equipment is lost, stolen or damaged to such extent, which is incapable of repair; the insurance money will be applied to make good the damages under the insurance policies.                     iii.        If in the opinion of the lessor. the equipment can be repaired then the insurance monies shall be applied in repairing or replacing the equipment with similar type and quality and in such an event the replaced equipment shall be held by the lessee under the terms of this lease.                     iv.        Save as provided in above sub-clauses, the loss, theft or destruction of or damage to the equipment shall not affect the continuance of the lease and the lessee will continue to be liable to pay lease rentals in respect of the equipment. 8.        If the lessee- i.      fails to pay lease rentals or part thereof or any other payments payable hereunder for a period of one month; or ii.     fails to effect insurance of the equipment or fails to pay insurance premiums as and when due or fails to reimburse the same to the lessor if paid by him; or iii.    sells, mortgage, charge, demise, sub-let or otherwise dispose of or tries to sell, mortgage, charge, demise, sub-let or otherwise dispose of the equipment; or iv.    fails to perform or observe its covenants, stipulations, terms and conditions, to be performed or observed by the lessee under this lease deed or in any other document executed by the lessee in connection herewith and such failure or breach continues for a period of one month after service of written notice to the lessee; or v.     pass a resolution of winding-up or have a petition for winding- up presented against or if a receiver shall be appointed of the whole or part of the assets, properties or undertakings of the lessee or shall compound with or enter into any composition with its creditors; vi.    do or suffer any act or thing or omits to do or suffer any act or thing, in consequence of which the equipment may or is likely to be distrained, endangered, attached or taken execution under any legal process or by any public authority.' vii.   if any judgment or order against the lessee shall remain unsatisfied for more than fourteen days; viii.  if he abandons the equipment. Then and on the occurrence of any such event it shall be lawful for the lessor to terminate this agreement, without prejudice to any action that it may take against the lessee for any right or remedy under this agreement or otherwise at law or to exercise all or any of the following rights or remedies viz:                       i.        to take possession of the equipment and for that purpose enter upon any premises where the equipment is or is believed by the lessor to be for the time being situated and detach and dismantle the equipment;                      ii.        sell, transfer, assign, lease or dispose of the equipment or part thereof by public or private sale with or without notice to the lessee;                      v.        require the lessee to pay to the Lessor all sums due and payable under this lease, interest on the due lease, rentals, liquidated damages for loss of a bargain and not as a penalty and other expenses incurred by the lessor due to termination of the lease before the term of the lease;                     vi.        exercise any other right or remedy available to the lessor under any law for the time being in force. It is hereby declared that the lessee shall also be liable to pay all legal fees, costs and expenses incurred by the lessor from the foregoing defaults or the exercise of the lessors' remedies and the remedies referred to above are not intended to be exclusive, but shall be cumulative and shall be in addition to any other remedy available to the lessor under any law for the time being in force. 9.        Any express or implied waiver, by the lessor of any default shall not constitute a waiver of any default by the lessee or waiver of any of the lessor's right. The lessor shall not be deemed to have waived any of the lessor's rights or any provision of this agreement or any notice given hereunder unless such waiver be provided in writing by lessor. 10.     If the lessee having paid all lease rentals and other amounts payable under the lease deed and observed and performed all the covenants, stipulations, terms and conditions, shall desire to renew this lease and shall give notice of such desire not less than .................... months prior to the expiration of the term hereby granted, the lessor shall grant renewal of the lease for a further period of .................... years commencing on the date of expiration of this lease on the same terms and conditions as those herein contained including the right of renewal, but at a lease rental of Rs........... per month.). 11.     Upon expiry of the lease term hereby granted or renewal hereof or sooner determination in terms of this lease deed, the lessee shall at its own cost forthwith deliver or cause to be delivered the equipment to the lessor at such place as may be intimated by the lessor to the lessee. 12.     Time shall be the essence of this agreement in so far it relates to the observance or performance of all or any of its obligation, covenants or liabilities hereunder by the lessee. 13.     During the term of this lease, the lessee shall submit its Balance Sheet and Profit and Loss Account as and when they are ready and other information, reports and statements as may be required by the lessor. 14.     This agreement is personal to the lessee and it shall not transfer, assign or otherwise dispose of its rights or obligations hereunder. 15.     The Guarantor hereby guarantees the payment of lease rentals and other moneys payable by the lessee to the lessor under these presents and observance and performance of the covenants, stipulations, terms and conditions by the lessee. The Guarantor also hereby agrees to pay on demand any money due or which becomes payable under this agreement and not paid by the lessee. The guarantor hereby further agrees that any time granted to the lessee or any indulgence shown to him in respect of this agreement shall not prejudice the lessor's right or relieve the guarantor from his guarantee, which shall be a continuing guarantee and his liability will be coextensive with that of the lessee and it will not be necessary for the lessor to serve any notice to the guarantor for any default committed by the lessee or any concession, or indulgence shown by the lessor to the lessee. 16.     The lessor hereby assigns to the lessee the right of warranties provided by the manufacturer of the equipment and the lessee shall be entitled to make any claim for any defect or deficiency, for any breach of condition or warranty directly against the manufacturer and for this purpose if the lessee requests to the lessor, the lessor shall authorise the lessee for enforcing due performance of any warranties or performance guarantees relating to the equipment. 17.     All disputes, questions, differences and claims whatsoever arising from this agreement between the parties and/or /their successors or assigns touching these presents or any right or liability arising from these presents shall be referred to the arbitration of two arbitrators, one to be appointed by each party and such reference shall be deemed to be reference under and subject to the provisions of Arbitration Act, 1940 or any statutory modification or re-enactment thereof for the time being in force and arbitration proceedings will be held at .................... 18.     Any notice or letter required to be given herein shall be given to the parties hereto in writing by Registered Post Acknowledgment Due at the addresses above mentioned or such other address as the parties may hereafter substitute by notice in writing to the other parties. 19.     All prior agreements or arrangements whether oral or written between the parties or relating to the lease of the equipment by the lessor to the lessee shall be deemed to be cancelled and superseded by this agreement. 20.     This lease deed shall be executed in triplicate. The original shall be retained by the lessor, duplicate by the lessee and triplicate by the guarantor. 21.     The stamp duty and all other expenses in respect of this lease deed and duplicate thereof shall be borne and paid by the lessee. (22) The headings to the clauses of this agreement are meant only for convenience of reference and shall not in any way be taken into account in the interpretation of these presents. 22.     It is hereby agreed between the parties that this agreement shall be subject to the exclusive jurisdiction of the City Civil Court at ..................... IN WITNESS WHEREOF the parties hereto have executed these presents and duplicate and triplicate copy thereof on the day and year hereinabove written. The Schedule above referred to Signed and delivered by the within named ABC Co. Ltd., the lessor by the hands of Shri ..................... Managing Director thereof Signed and delivered by the within named XYZ Co. Ltd., the lessee by the hands of Shri ............... Managing Director thereof Signed and delivered by the within named M, the guarantor WITNESSES; 1.               2.

  • Agreement for Letting Furnished Dwelling House or Flat on Short Period Tenancy

    Agreement for Letting Furnished Dwelling House or Flat on Short Period Tenancy Date; ……………………, 2000 Parties ; 1.     The Landlord ........... ..... of the One Part 2.     The Tenant ................... of the Other Part Details of Property; The dwelling house (or Flat ) situated at ………………………….. Together with the Fixtures Furniture and Effects therein and more particularly specified in the Inventory thereof signed by the parties. Term; A term certain of ......... months/year(s) from ......... , 2000 to …………, 2000 Rent ; Rs .......... per English calendar month payable In advance every month, first payment to be made on the ......... day of ....... next ............ 1.     The Landlord lets and the Tenant takes the Property above mentioned on the term and at the rent payable as above mentioned 2.     Where the context admits - a.     "The Landlord" includes the persons for the time being entitled in reversion expectant on the tenancy. b.    "The Tenant" includes the persons deriving title by succession under the Tenant. c.     Reference to the Property includes reference to any part or parts of the said Property and to the Fixtures, Furniture, and Effects or any of them. 3.     The Tenant will - a.     pay the rent at the times and In the manner specified. b.    pay for all gas and electric light and power which shall be consumed or supplied on or to the Property during the tenancy and the amount of the water rate charged In respect of the property during the tenancy and the amount of all charges made for use of the telephone (if any ) on the Property during the tenancy or a proper proportion of the amount of the rental or other recurring charges to be assessed according to the duration of the tenancy. c.     not to damage or injure the property or make any alteration in or addition to it. d.    preserve the fixtures, furniture and effects from being destroyed or damaged and not to remove any of them from the property. e.     yield up the property at the end of the tenancy in the same clean state and condition as It was in the beginning of the tenancy and make good or pay for the repair of or replace all such items of the fixtures. furniture and effects as shall be broken, lost, damaged or destroyed during the tenancy (reasonable wear and damage by fire excepted ) f.     leave the furniture and effects at the end of the tenancy In the rooms or places in which they were at the beginning of the tenancy. g.    pay for the washing (including Ironing or pressing) of all linen and for the washing and cleaning (including Ironing and pressing) of all counterpanes, blankets and curtains which shall have been spoiled during the tenancy (the reasonable use thereof nevertheless to be allowed for). h.     permit the Landlord or the Landlord's agents at reasonable hours in the daytime to enter the property to view the state and condition thereof. i.      not to sublet or part with possession of the property without the previous consent in writing of the Landlord not to carry on, on the property any profession trade or business or receive paying guests on the property or place or exhibit any notice board or notice on the property or use the Property for any other purpose than that of a strictly private residence j.      not to do or suffer to be done on the property anything which may be or become a nuisance or annoyance to the Landlord or the Tenants or occupiers of any adjoining premises or which may vitiate any Insurance of the property against fire or otherwise or increase the ordinary premium for such Insurance. 4.     Provided that. if the rent or any Instalment or part thereof shall be in arrear for at least fourteen days after the same shall have become due (whether legally demanded or not) or if there shall be a breach of any of the said agreements by the Tenant the Landlord may re-enter on the property and immediately thereupon the tenancy shall absolutely determine without prejudice to the other rights and remedies of the Landlord. 5.     The Landlord agrees with the Tenant as follows – 1.     To pay and Indemnify the tenant against all rates assessments and outgoing in respect of the property (except the water rate and except charges for the supply of gas or electric light and power or the use of any telephone). 2.     That the Tenant, paying the rent and performing the agreements on the part of the tenant, may quietly possess and enjoy the property during the tenancy without any lawful interruption from the Landlord or any person claiming under or in trust for the Landlord. 3.     To return to the Tenant any rent payable for any period while the property is rendered uninhabitable by fire, the amount in case of dispute to be settled by arbitration. 6.     This Agreement shall take effect subject to the provisions of ..... Rent Act. AS WITNESS the hands of the parties have been put hereto the day and year first above written Signed by the above-named Landlord . . . . . . . . in the presence of Signed by the above ....... named Tenant ........... in the presence of ......... Download Word Document In English. (Rs.20/-) Download PDF Document In Marathi. (Rs.20/-)

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