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									                              DEED OF LEASE

THIS DEED OF LEASE “the Agreement” is made at _____________ and executed on this
________day of ___________, 20_____.


                                     BETWEEN

Sh./Smt. __________________, aged about ____________ years, Son/Wife of
Sh._____________________,        Residing    at   ___________________________________,
hereinafter referred to as the “Lessor”, which expression unless repugnant to the context or
meaning thereof shall mean and include his/her heirs, legal representatives, administrators,
executors and assigns of the ONE PART.


                                     AND

Sh./Smt.     ____________________,        aged     about     _______     years,    Son/Wife     of
Sh._______________________, Residing at _______________________________, hereinafter
referred to as the “Lessee” which expression unless repugnant to the context or meaning thereof
shall mean and include his/her heirs, legal representatives, administrators, executors and assigns
of the OTHER PART.


WHEREAS the Lessor is the absolute legal owner of the residential property bearing Flat/House
No. ________, situated at _______________________________________ (hereinafter referred
to as the “Premises”).

AND WHEREAS the Lessor has the legal rights to rent and let out the said Premises or any
portion thereof on such terms and conditions as he/she may think fit;

AND WHEREAS the Lessor has agreed to Lease the Premises to the Lessee and the Lessee has
agreed to take on Lease the Premises from Lessor for a period of _______ years, subject to the
terms and conditions as mutually agreed and laid down in this Agreement.

AND WHEREAS, the Lessor and Lessee (hereinafter collectively referred to as the “Parties”)
are executing this Agreement to reduce the terms and conditions agreed in respect of the
Premises in writing.


NOW THIS DEED WITNESSETH and it is hereby agreed by and between the Parties hereto as
follows:


1. PREMISES


Deed of Lease                                                                                1
The Lessor hereby has agreed to lease and the Lessee has agreed to take on lease for residential
purposes the Premises comprising of ____ bedrooms, drawing-cum-dining, kitchen, ___
bathroom, ___ toilet, ____ balcony and ______ garage, together with the appurtenant land/space,
the rights to make use of entrances, passages, stair-cases, landings and other easements
belonging and pertaining to the said premises and to the use of the Lessee hereinafter referred to
as “Premises”, which is more fully described in the Annexure A, annexed to this Agreement.


2. TERM

This lease shall commence from __________________ “the Commencement Date” and shall
continue for an initial period of ______ year(s). The Lessee shall be entitled to renew the lease
for a further period of _________ year(s) by giving a prior written notice to the Lessor of not less
than one month before the expiration of the term. On each such renewal the monthly lease rent
shall not be increased by more than 10% (ten per cent) over the monthly rent for the preceding
period.


3. RENT

For the term of this Agreement, the Lessee shall pay to the Lessor an amount of Rs.
____________ per month as ren
								
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