Lease License And Lease Financing Deed Of Renewal Of Lease

Deed of Renewal of Lease

This Deed of Renewal of Lease made at _________________ this ___________ day of _________________, 2000, Between A, son of _________________ aged about _________________ years residing at _________________ (hereinafter referred to as the 'Lessor', which expression shall include, unless excluded by or repugnant to the context, his heirs, executors, administrators, successors and assigns) of the One Part and B, son of _________________ aged about ____________ years residing at _________________ (hereinafter referred to as the "Lessee", which expression shall, unless excluded by or repugnant to the context, include his heirs, executors, administrators, successors and assigns) of the Other Part.

Whereas by a Deed of Lease dated _________________ made at _______________. Between the Lessor on the One Part and the Lessee on the Other Part (which is registered with the Sub-Registrar of Assurances at ____________________. at No . _________________ in Book No. _________________ and Volume No. _______________ pages _________________ to ______________ and hereinafter referred to as "the said principal deed") the lessor demised unto the Lessee all that the said Bungalow situated at No. _________________ together With two garages attached thereto for a term of ________ years commencing from _________________ with an option to the Lessee to renew the said lease for a further period or periods not exceeding ________ years in the aggregate in the manner thereunder provided and subject to the Lessee continuing to pay the same monthly rent of Rs. ___________ as stipulated therein and observing the other terms, conditions and covenants as set out therein.

And Whereas Clause 5(i) of the said principal deed provides that the Lessor will, on the written request of the lessee made two calendar months before the expiration of the term of the lease granted under the said principal deed, grant to the Lessee a renewal of the said lease of the demised premises, as mentioned hereinabove.

And Whereas In pursuance of the aforesaid clause of the said principal deed, the Lessee had exercised his option for renewal of the said lease by his letter dated __________________ for a further period of two years from _______________ to _________________ on the same terms and conditions as are contained in the said principal deed.

Now, Therefore, This Indenture witnesseth that in the premises the Lessor hereby grants a renewal of the said lease of the demised premises more particularly described in the First Schedule hereunder written Together with the fixtures and fittings belonging to the lessor in or upon the demised premises which are described in the Second Schedule hereunder written (which the said First and Second Schedules are the same as the First and Second Schedules written in the said principal deed) for a further period of two years from ______________ to _____________ on the same terms, conditions, covenants and provisions as are contained in the said principal deed.

In Witness Whereof the lessor and the Lessee have executed these presents and the duplicate hereof on the date and year first hereinabove written.

The 1st schedule above referred to

The bungalow is bounded:-

On the North by Building of Shri ________________________

On the South by Building of Shri ________________________

On the East by Road leading to Main Road

On the West by Road and Open Park

The second schedule above referred to

Main items of fixtures and fittings in the bungalow are as under :-

Nos.

      i.        Ceiling fans 12

     ii.        Wardrobes 6

    iii.        Almirah with shutters 4

    iv.        Wash basins 7

Signed and delivered by the within named A

Signed and delivered by the within named B

WITNESSES;

1.

2.