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The Lessor agrees to demise to the Lessee and the Lessee agrees to take on lease the said piece of land situate at and more particularly described in the Schedule hereunder written for a period of 99 years commencing from the date of the deed of lease to be executed as hereinafter mentioned at the
How To Lease Government Land?Request letter on company letterhead.White application form (available online) duly filled.Detailed project report.Copy of registered memorandum of association(if the company is Pvt limited) or registered partnership deed (if partnership firm)Certificate of shareholding.Board resolution.More items...?
Contents of lease agreement are: 5)Fixed period of lease, renewal options and the terms during secondary period as to the amount of lease rentals or purchase option. 6)Guarantee for payment of lease rental by lessee. 7)Variation of lease rentals. 8)Termination of lease agreement in the event of certain occurrences.
The Deed of Lease will contain usual covenants to be given by the Lessee and Lessor and other usual terms and conditions provided that there will be no restriction on the Lessee's right to assign the lease and the Deed of Lease will also contain a condition that on the determination of the Lease by efflux of time or
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...