Commercial Property Rental Agreement / Lease Agreement
THIS INDENTURE of lease is made at [City] this [Day, Month] of [Year], between [Lessor Name], Son of [Lessor’s Father Name] resident of [Address Line 1, Address Line 2, City, State, Pin Code], (hereinafter called “the Lessor”, which
expression shall, unless repugnant to the context and meaning include his
heirs, successors, administrators and assigns) of the ONE PART and [Lessee Name], Son of [Lessee’s Father Name]
resident of [Address Line
1, Address Line 2, City, State, Pin Code], (hereinafter called “the
Lessee”, which expression shall, unless repugnant to the context and meaning,
include its successors and assigns) of the OTHER PART.
WHEREAS the lessor is absolutely seized and possessed or otherwise
well and sufficiently entitled to the premises at [Lease Property Address, Address Line 1, Address
Line 2, City, State, Pin Code] with a total area of [Lease Property Area]
square feet.
AND WHEREAS on the request of the Lessee, the Lessor has agreed to
grant lease in respect of the demised premises for a term of [Lease Term in Months or 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 covenants,
conditions and stipulations hereinafter contained and on the Lessee’s part to
be paid, observed and performed, THE LESSOR HEREBY DEMISES UNTO THE LESSEE ALL
THAT the building situated at [Lease Property Address, Address Line 1, Address Line 2, City, State,
Pin Code] and hereinafter called as the demised premises, TOGETHER WITH
ALL the fixtures and fitting therein, TOGETHER WITH the electrical
installations and together with the right for the Leesse, its employees,
servants, agents, customers and persons authorized by the lessor to use the
entrances, doorways, entrance hall, staircases, landings and passages in the
demised premises for the purpose of ingress thereto, TO HOLD the demised
premises unto the Lessee for the period of [Lease Term in Months or Years] only commencing
from the [Lease Deed Start
Date] and determined on [Lease Deed Signing Date] but determinable earlier as hereinafter
provided PAYING therefor unto the Lessor during the said term monthly rent of
Rs. [Lease Amount per
Month] payable by the [Date of Monthly Payment] of each succeeding calendar month to
which it relates.
2.
The lessee hereby covenants
with the lessor as follows:
a.
To pay the rent as aforesaid on
the days and in the manner aforesaid.
b.
To pay the electricity bills
for the electricity consumed for lighting the demised premises and for
operation of air conditioners, fans, computers and electrical appliances in the
demised premises.
c.
Not to make any structural
alterations into or upon the demised premises or make any alterations or
additions to the external appearance or any part of the demised premises
without the previous consent of the Lessor in writing.
d.
To use the demised premises for
office purposes of the Lessee.
e.
Not to do or suffer to be done
in or upon the demised premises or other parts of the said building in common
with other persons anything whatsoever, which may be or become a nuisance or
annoyance to or in any way interfere with the quite or comfort of the Lessor or
other Lessees and occupiers of the said building.
f.
Not to place or keep or permit
to be placed or kept on the demised premises any offensive, dangerous or highly
inflammable or explosive material or any other article or things, which may
constitute a danger, nuisance or annoyance to the demised or surrounding
premises or the owners or occupiers thereof.
g.
Not to sub-let, transfer,
assign or part with the possession of the demised premises or any part thereof.
h.
To permit the Lessor, his
servants, employees or agents duly authorized by him to enter into and upon the
demised premises at all reasonable times
for viewing the condition of the demised premises or doing such works or things
as may be requisite or necessary for any repairs, alterations, servicing or
improvements to the demised premises.
i.
To hand over the peaceful
possession of the demised premises at the end or the sooner determination of
the said term together with all the Lessors fixtures and fittings in as good
condition as received, fair wear and tear, damage by fire, acts of God, riots
or other civil unrest, war, enemy action and/or other cause not within the
control of the Lessee, being excepted.
j.
Not to obstruct or suffer to be
obstructed the entrance hall, entrances, doorways, passages, staircase or
lifts.
k.
To replace all broken fittings
and fixtures by equally good or better substitutes.
l.
To insure and keep the demised
premises insured against loss or damages by fire with an insurance company
approved in writing by the Lessor for an amount which shall not be less than
3.
To Lessor doth hereby covenant
with the Lessee as follows:
a.
That on the Lessee paying the
rent on the due dates thereof and in the manner herein provided and observing
and performing the convents, conditions and stipulations herein contained and
on his part to be observed and performed, shall peaceably and quietly hold,
possess and enjoy the demised premises during the term without any
interruption, disturbance, claim and demand by the Lessor or any person
lawfully claiming under or trust for the Lessor.
b.
To keep the interior, exterior
of the demised premises, the drainage thereof in good and tenable repair and
condition.
c.
To keep the entrance, doorways,
entrance halls, staircases, lobbies and passages in the said building leading
to demised premises well and sufficiently cleaned and lighted at his own
expense.
d.
To pay rates, taxes,
assessment, duties, cess, impositions, outgoings and burdens whatsoever payable
to State or local or other authority, which may at any time or from time to
time during the term hereby created be imposed or charged upon the demised
premises.
4.
It is hereby agreed and
declared that these presents are on the express condition, that if the rent or
any part thereof payable in respect of the demised premises shall be in arrears
for a period of [two
months] or by if the Lessee shall omit to perform or observe any
covenants or conditions on the Lessee’s part herein contained, the Lessor may
re-enter upon the demised premises provided that the Lessor has served a notice
to the Lessee and a period of [one month] has elapsed after the issue of such notice, the
Lessee does not pay the rent or does not perform or observe the covenant or
condition and thereupon this demise and all rights of the Lessee hereunder
shall determined.
5.
This Lease Deed shall be
executed in duplicate. The original shall be retained by the Lessor and the
duplicate by the Lessee.
6.
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 there presents.
IT IS HEREBY EXPRESSLY AGREED BETWEEN THE PARTIES AS
FOLLOWS:
a.
The lessee shall be entitled to
erect fittings, fixtures, wooden partitions, cabins or make any such additions
or alterations, as may be necessary for its use by the Lessee; provided that the
lessee shall remove the said fittings, fixtures, wooden partitions, cabins,
additions or alterations and restore the demised premises to the Lessor on the
expiry of the term of sooner determination of the lease in the same condition
as existed before making such changes.
b.
If the lessor fails to pay the
taxes, charges, assessments payable by him, or fails to carry out the necessary
repairs and other work which he has to carry out as provided herein, the Lessee
may after [one month]
notice in writing, pay, discharge and carry out the same at its own cost and
the Lessee may set off the same from the rent payable to the Lessor under these
presents.
IN WITNESS WHEREOF, the Lessor has set its hands unto these presents
and a duplicate hereof and the Lessee has caused its common seal to be affixed
hereunder and a duplicate hereof on the day, month and year first hereinabove
written.
For Lessor, For
Lessee,
[Name] [Name]
[Address Line 1] [Address Line 1]
[Address Line 2] [Address Line 2]
[City, State,
Pin Code] [City, State, Pin Code]
Witness 1: Witness
2:
[Name] [Name]
[Address] [Address]
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