DEED OF SURRENDER OF LEASE (INDIA)
THIS DEED OF SURRENDER OF LEASE made effective at
____________________________________ [location], as of the _____ day of ______________________,
_______.
BETWEEN:
[NAME OF LESSEE]
a company incorporated under the Companies Act 1956, having its registered office at
[address]
(“Lessee”)
- and -
[NAME OF LESSOR]
s/w/d of ______________________, residing at
[address]
(“Lessor”)
WHEREAS by an Indenture of Lease dated the ___________ day of ______________________________,
_______________ made between the parties hereto and registered in
_________________________________, it was witnessed that Lessor did, in consideration of the rent
thereby and therein reserved and of the covenants and conditions to be observed and performed on
the part of Lessee, grant and demise to Lessee by way of lease (hereinafter referred to as the “Lease”)
of the property (hereinafter referred to as the “Property”) described in Schedule A (attached hereto)
for a term of ___________________________ (_____________) [insert the number of years in both words
and numerals] years.
AND WHEREAS the Lease is in full force and virtue of all rents and conditions reserved by and
contained thereunder on the part of Lessee to be paid, observed and performed, have been duly paid,
observed and performed by Lessee up to the date of these presents.
AND WHEREAS Lessor was and is, at all material times, in possession of the Property in the manner
as before the execution of the Lease.
AND WHEREAS for personal reasons and consideration, Lessee, having desired to be relieved from
further payment of such rent and performance of covenants and conditions, approached Lessor for a
surrender of the Lease and delivery of possession of the Property.
AND WHEREAS Lessor has agreed to accept from Lessee a surrender of the Lease of the Property.
NOW THEREFORE THIS DEED WITNESSETH AS FOLLOWS:
1. In pursuance of the said agreement, and in consideration of a sum of ___________________
Rupees (Rs.___________________) being paid by Lessor to Lessee, Lessee, as beneficial user of
the Property, does hereby give up and relinquish all his lease-hold estate and interest in, and
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does hereby surrender and deliver possession of th