Lease License And Lease Financing Lease Of Agricultural Land

Lease of Agricultural Land

This Deed of Lease made at _________________ on the _________________ day of _________________ 19 ______ between A, son of _________________ resident of _________________ (hereinafter called the "Lessor") of the One Part and B, son of _________________ resident of __________________________________ (hereinafter called the "Lessee") of the Other Part.

1.     This Deed Witnesseth as Follows:

In consideration of the rent hereinafter reserved and of the Lessee's agreement hereinafter contained, the Lessor hereby demises to the Lessee a lease of All Those Piece and Parcels of Land bearing Survey No. __________________ Hissa No___________________ situate, lying and being at Village ____________ Taluka __________________ District _________________ and the particulars whereof are specified in the Schedule hereto (all of which hereditaments are hereinafter called the "farm") together with a cottage, out houses and a farm house constructed in the Survey No ___________________ and trees, fences, hedges, ways, waters, walls, liberties, easements and appurtenances whatsoever belonging to the said farm To Hold the farm unto the lessee for the term of _____________ years from the _________________ day of _________________ paying therefor during the said term the yearly rent of Rs. _________________ by equal half-yearly payments on the _________________ day of _________________ and the _________________ day of _________________ free from all deductions except for landlord's property tax, the first payment to be made on the _______________. day of _________________ next _________________

2.     The Lessee hereby covenants with the Lessor:

              i.        To pay the reserved rent on the days and in the manner aforesaid.

             ii.        To pay all existing and future rates, taxes, assessment and outgoings payable by law in respect of the farm by the owner or occupier (except Lessor's property tax).

            iii.        To repair and keep in repair the cottage, out houses, and farm house on the farm and to whitewash when necessary and from time to time to tar such woodwork and coverings of buildings as may require so to be treated and to do all carting of material at his own expense.

            iv.        To clean out and keep open and free and in working order all ditches, pipes, sewerages, drains, wells, springs, streams on the farm and to prevent streams from overflowing or being diverted so as to cause injury to adjoining occupants.

             v.        To use the farm for agricultural purpose only.

            vi.        Not to permit or suffer waste or spoil of any part of the farm nor to permit any encroachment and to use his best endeavours to prevent the acquisition of new rights of way or easements over any part of the farm.

           vii.        To farm cultivate manure and manage the farm in a good and husband like manner according to the most approved methods o cultivation, so as to keep the farm in good condition.

3.     The Lessor hereby covenants with the lessee:

              i.        To permit the lessee on his paying the rent hereby reserved and performing and observing the stipulations and provisions contained hereinabove, peaceably to hold and enjoy the farm and to enjoy its income, profits and crops during the term aforesaid without any interruption by the lessor or any person rightfully claiming under or in trust for him.

             ii.        To pay the property tax in respect of the farm.

            iii.        The lessee will have the option to renew the lease for a further period of _________________ years, provided he informs to the Lessor of his intention to do so before the expiry of his lease; provided that the rent for the extended term of lease will be Rs. _________________ per annum.

4.     It is hereby agreed and declared that the term "Lessor" and "Lessee" herein used shall unless inconsistent with the context or meaning thereof be deemed to include the heirs, executors, administrators and assigns of the respective parties.

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 stamp duty and all other expenses in respect of this Lease Deed and duplicate thereof shall be borne and paid by the lessee.

7.     The marginal notes and the catch lines hereto are meant only for convenience of reference and shall not in any way be taken into account in the interpretation of these presents.

IN WITNESS WHEREOF, the lessor and the Lessee have put their respective hands on the original and duplicate thereof the day, month and year first hereinabove written.

The schedule above referred to

WITNESSES Signed and delivered by the within named Lessor _______

1.

2. Signed and delivered by the within named Lessee ________