AGREEMENTTOLEASEFORALONGPERIOD
AGREEMENTTO LEASEismadeat ...... this...... dayof ...... betweenMr. Aof
...... hereinafterreferredtoas'theLessor'oftheOnePartandMr.B ...... of...... hereinafterreferredtoas the'Lessee'oftheOtherPart.
WHEREAS theLessorisabsolutelyseizedandpossessedoforotherwisewelland sufficientlyentitledtothepieceoflandsituatedat.....andmoreparticularlydescribedinthe Schedulehereunderwritten.
ANDWHEREAStheLesseehasapproachedtheLessorwitharequesttogranta longleaseofthesaidlandwith aviewtoconstructabuildingorotherstructurethereon eitherforlettingoutthesameorany partthereoforforcarryingon businesstherein and which theLessorhasagreedtodoon thefollowingtermsandconditionsagreedto betweentheparties.
NOWITISAGREED BYAND BETWEENTHEPARTIESHERETOASFOLLOWS:
1. TheLessoragreestodemisetotheLesseeandtheLesseeagreestotakeon leasethesaidpieceoflandsituatedat.....andmoreparticularly describedinthe Schedulehereunderwritten foraperiodof99yearscommencingfromthedateof thedeedofleasetobeexecutedashereinaftermentionedattheyearlyrentofRs.
.....to be paid inadvance fromthe commencementofthe lease withoutany deductions.
2. Therentshall beexclusiveofthetaxes, assessments, duesanddutiespayablein respect of thesaidlandandthebuildingorbuildingstobeconstructedthereon, to theGovernmentortheMunicipal Corporation orany otherlocalauthority orpublic bodyandwhichtaxesetc.willbepayablebytheLesseeasandwhentheybecome dueandpayable.
3. TheLessorshall makeoutamarketabletitletothesaidpieceoflandfreefromall encumbrancesandclaimsorreasonabledoubts.
4. TheLessorshall produceorcausetobeproducedtotheLesseeorhisAdvocate alldocumentsoftitlein hispossession orpowerforinvestigation ofthetitletothe saidland.
5. TheLesseeorhisAdvocateshallsendrequisitionsontitle,ifanytotheLessoror hisAdvocatewithin fourweeksfromthedateofproduction ofthetitledeedsfor inspectionasaforesaidfailingwhichtheLesseeshallbedeemedtohaveaccepted thetitleoftheLessor.
6. On theLessormakingout amarketabletitleasaforesaidortheLesseeaccepting thetitle,butnototherwise,theLessorshallgrantaleaseofthesaidpieceoflandby executingaDeedofleaseinduplicateforthesaidperiodandatthesaid rent.
7. TheDeedofLeasewillcontainusualcovenantstobegivenbytheLesseeand Lessorandotherusual termsandconditionsprovidedthattherewill beno restrictionontheLessee'sright toassigntheleaseandtheDeedofLeasewillalso
containaconditionthatonthedeterminationoftheLeaseby efflux oftimeor otherwise,theLesseewill surrenderthelandtothelessoralongwiththebuildingor buildingsstandingthereonwithoutany compensation.ThedraftoftheDeedof Leasewillbepreparedby theLessee'sAdvocateandapprovedby theLessor's advocate.
8. Thetransactionwillbecompletedwithinaperiodofthreemonthsfromthedate hereof.
9. TheLessorshallgivecompletevacantpossessionofthelandtotheLesseeonthe dateofcompletionanduntilthenhewillnotallowanybodytocommitencroachment ortrespass thereon.
10. AllthetaxesandotheroutgoingIn respectofthesaidlanduptothedateof completionoftheleasewillbepaidbytheLessor.
11. Thecostsbywayofstampdutyandregistrationchargesin respect oftheDeedof Leasewill beborneandpaidby thepartiesheretoinequal shares.Eachpartywill bearandpayallothercostsincurredbyhimIncludinghisAdvocate's fees.
12.TheLessordeclaresthatthesaidlandisnotsubjecttoanyreservationorany
Intendedacquisitionorrequisitionandtherearenobuilding restrictionsontheland.
13.TheLesseewillbeatlibertytoconstructabuildingorbuildingsthereonwithall
requisiteandpropersewers,drainsandotherconveniencesandthebuildingor buildingswillbeconstructedasperplansthatwillbesanctionedby themunicipal corporation and/orotherlocalauthority orpublicbody asmay berequiredandhe willconformtoallrulesand regulationsinthatbehalf.
14. Nothinginthisagreementshallbeconstruedasapresentdemiseofthesaidland oranypartthereof.
15. Ifany permission orNoObjectionCertificateIsrequiredtobeobtainedfromany authority forgrantingaleaseofthesaidlandasaforesaidtheLessorshallobtain thesameathisowncostsasaconditionprecedenttotheexecutionoftheDeedof Lease.
16. IftheLessorfailstocompletethetransaction asherein provided,theLesseewill havetheoption eithertocancelthisagreementby fifteen days'priornoticetothe Lessortothat effect ortosueforspecificperformanceandor damages. If the Lesseefailstocompletethetransaction,on theLessormakingoutamarketable title,theLessorwillhavetheoptiontocancelthisagreementby fifteen days'prior noticetotheLesseetothat effect ortosueforspecificperformanceand/or damages.
INWITNESSWHEREOFthepartieshaveputtheirrespectivehandsthedayand yearfirst hereinabovewritten.
THESCHEDULEABOVEREFERRED TO
SignedandDeliveredbythewithinnamedLessor...... inthepresenceof
SignedandDeliveredbythewithinnamedLessee...... inthepresenceof
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