Contract for Leases

Contract for Leases

This agreement for lease made this …………… day of ………… 2000 between AB residing at …………………… (hereinafter referred to as the INTENDED LESSOR) of the one part and CD residing at …………………… (hereinafter referred to as the INTENDED LESSEE) of the other part.

Whereas the INTENDED LESSOR is seized and possessed of premises

No. ……………… described in the schedule hereunder and intends to lease out the same.

AND WHEREAS the INTENDED LESSEE has approached the said INTENDED LESSOR for taking the said premises on lease.

Now these presents witnesseth and the parties hereby agree as follows:

(1) The said AB will demise to CD and CD will accept a lease of the house, fully mentioned and described in the Schedule for a term of …………… years with effect from 1999 subject to a rent of Rs. ………… per month, year and other conditions hereunder stated.

(2) The said rent shall be paid on the 15th day of every following month without any delay or default.

(3) The lease shall contain inter alia the following covenants and conditions to be observed and performed on the part of the lessee, namely: (a) to pay the rent on the day and in the manner aforesaid; (b) further to pay all existing and future taxes (except the house tax), rates, assessments and outgoings of every description for the time being payable in respect of the said premises; and (c) to keep the premises in wind and watertight condition and good and substantial repairs during the term of the lease and furthermore in such condition and repair to deliver up the same on the expiration or sooner determination of the lease.

(4) The said lease also shall contain further covenants on the part of the lessee, e.g. (a) not to carry on any offensive trade or prohibited business; (b) not to store any combustible or explosive substance except kerosene or petrol in small quantity required for domestic consumption in the premises; and (c) not to assign, or underlet, or part with the possession of the premises or any portion thereof without the consent in writing of the lessor AND furthermore a proviso for forfeiture of the lease and re-entry on the part of the lessor if and when any part of the rent shall remain at any time in arrear for 21 days or more whether demanded or not or there shall be a breach of any of the lessee’s conditions AND the usual qualified agreement by the lessor for quiet enjoyment by the lessee upon regular payment of rent and performance of the covenants and conditions of the lease.

The Schedule above referred to

In witness whereof the parties hereto have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by

AB, the INTENDED LESSOR, in the presence of:

Signed, sealed and delivered by

CD, the INTENDED LESSEE, in the presence of: