AGREEMENTTOLEASEFORALONGPERIOD
AGREEMENTTOLEASEismadeat...... this...... dayof...... betweenMr.Aof
...... hereinafterreferredtoas'theLessor'oftheOnePartandMr.B ...... of...... hereinafterreferredtoasthe'Lessee'oftheOtherPart.
WHEREAStheLessorisabsolutelyseizedandpossessedoforotherwisewellandsufficientlyentitledtothepieceoflandsituatedat.....andmoreparticularlydescribedintheSchedulehereunderwritten.
ANDWHEREAStheLesseehasapproachedtheLessorwitharequesttograntalongleaseofthesaidlandwithaviewtoconstructabuildingorotherstructurethereoneitherforlettingoutthesameoranypartthereoforforcarryingonbusinessthereinandwhichtheLessorhasagreedtodoonthefollowingtermsandconditionsagreedtobetweentheparties.
NOWITISAGREEDBYANDBETWEENTHEPARTIESHERETOASFOLLOWS:
1. TheLessoragreestodemisetotheLesseeandtheLesseeagreestotakeonleasethesaidpieceoflandsituatedat.....andmoreparticularlydescribedintheSchedulehereunderwrittenforaperiodof99yearscommencingfromthedateofthedeedofleasetobeexecutedashereinaftermentionedattheyearlyrentofRs.
.....to be paid inadvance fromthe commencementofthe lease withoutanydeductions.
2. Therentshallbeexclusiveofthetaxes,assessments,duesanddutiespayableinrespectofthesaidlandandthebuildingorbuildingstobeconstructedthereon,totheGovernmentortheMunicipalCorporationoranyotherlocalauthorityorpublicbodyandwhichtaxesetc.willbepayablebytheLesseeasandwhentheybecomedueandpayable.
3. TheLessorshallmakeoutamarketabletitletothesaidpieceoflandfreefromallencumbrancesandclaimsorreasonabledoubts.
4. TheLessorshallproduceorcausetobeproducedtotheLesseeorhisAdvocatealldocumentsoftitleinhispossessionorpowerforinvestigationofthetitletothesaidland.
5. TheLesseeorhisAdvocateshallsendrequisitionsontitle,ifanytotheLessororhisAdvocatewithinfourweeksfromthedateofproductionofthetitledeedsforinspectionasaforesaidfailingwhichtheLesseeshallbedeemedtohaveacceptedthetitleoftheLessor.
6. OntheLessormakingoutamarketabletitleasaforesaidortheLesseeacceptingthetitle,butnototherwise,theLessorshallgrantaleaseofthesaidpieceoflandbyexecutingaDeedofleaseinduplicateforthesaidperiodandatthesaidrent.
7. TheDeedofLeasewillcontainusualcovenantstobegivenbytheLesseeandLessorandotherusualtermsandconditionsprovidedthattherewillbenorestrictionontheLessee'srighttoassigntheleaseandtheDeedofLeasewillalso
containaconditionthatonthedeterminationoftheLeasebyeffluxoftimeorotherwise,theLesseewillsurrenderthelandtothelessoralongwiththebuildingorbuildingsstandingthereonwithoutanycompensation.ThedraftoftheDeedofLeasewillbepreparedbytheLessee'sAdvocateandapprovedbytheLessor'sadvocate.
8. Thetransactionwillbecompletedwithinaperiodofthreemonthsfromthedatehereof.
9. TheLessorshallgivecompletevacantpossessionofthelandtotheLesseeonthedateofcompletionanduntilthenhewillnotallowanybodytocommitencroachmentortrespassthereon.
10. AllthetaxesandotheroutgoingInrespectofthesaidlanduptothedateofcompletionoftheleasewillbepaidbytheLessor.
11. ThecostsbywayofstampdutyandregistrationchargesinrespectoftheDeedofLeasewillbeborneandpaidbythepartiesheretoinequalshares.EachpartywillbearandpayallothercostsincurredbyhimIncludinghisAdvocate'sfees.
12.TheLessordeclaresthatthesaidlandisnotsubjecttoanyreservationorany
Intendedacquisitionorrequisitionandtherearenobuildingrestrictionsontheland.
13.TheLesseewillbeatlibertytoconstructabuildingorbuildingsthereonwithall
requisiteandpropersewers,drainsandotherconveniencesandthebuildingorbuildingswillbeconstructedasperplansthatwillbesanctionedbythemunicipalcorporationand/orotherlocalauthorityorpublicbodyasmayberequiredandhewillconformtoallrulesandregulationsinthatbehalf.
14. Nothinginthisagreementshallbeconstruedasapresentdemiseofthesaidlandoranypartthereof.
15. IfanypermissionorNoObjectionCertificateIsrequiredtobeobtainedfromanyauthorityforgrantingaleaseofthesaidlandasaforesaidtheLessorshallobtainthesameathisowncostsasaconditionprecedenttotheexecutionoftheDeedofLease.
16. IftheLessorfailstocompletethetransactionashereinprovided,theLesseewillhavetheoptioneithertocancelthisagreementbyfifteendays'priornoticetotheLessortothateffectortosueforspecificperformanceandordamages.IftheLesseefailstocompletethetransaction,ontheLessormakingoutamarketabletitle,theLessorwillhavetheoptiontocancelthisagreementbyfifteendays'priornoticetotheLesseetothateffectortosueforspecificperformanceand/ordamages.
INWITNESSWHEREOFthepartieshaveputtheirrespectivehandsthedayandyearfirsthereinabovewritten.
THESCHEDULEABOVEREFERREDTO
SignedandDeliveredbythewithinnamedLessor...... inthepresenceof
SignedandDeliveredbythewithinnamedLessee...... inthepresenceof
Disclaimer
Whileeverycarehasbeentakeninpreparingtheabove-mentionedModelAgreement,stillsomemistakesmayhavecreptin.TheModelAgreementareinthenatureofillustrationsandareintendedfortheguidanceoftheusers/persons.AnyoftheModelAgreementmustbeusedbyadjustingthesametosuittotheneedsoftheuser/person.LegalDepartment,GovernmentofGujaratherebydisclaimsanyandallresponsibilityorliabilitythatmaybeassertedorclaimedfrom,orclaimedtohavearisenduetorelianceplacedupontheuseofanyoftheModelAgreementbyanyuser/person.