LEASE AGREEMENT
This lease agreement is executed at Delhi on this……………….. 19……………….. by Shri……………….. Son of Shri……………….. resident of Village……………….. hereinafter called the ‘First Party’ in favour of……………….. through partner ……………….. hereinafter called ‘The Second Party’.
The expression of the first party and the second party shall mean and include their heirs, successors, legal representatives, administrators, executors, nominees and assignees.
Whereas the 1st party is the absolute owner of land measuring……………….. Bighas……….. Biswas bearing Khasra No…………… situated in village………………..
And whereas the 1st party has agreed to give and the second party has agreed to take the said land on lease for……… a period of………. years commencing from………………..
NOW THIS DEED WITNESSETH AS UNDER:
1. That the Ist party have received a sum of Rs………………… (Rs. ……………….. only) in cash for the land measuring……………….. acres and……………….. Biswas at the rate of Rs………………… per Killa and the 2nd party shall use the said land for running a brick kiln for digging the earth for the manufacturing of bricks and for any other purposes. The digging of the land can be done upto……………….. feet average. That the second party is also authorised to use the said land for passages purposes or any other purposes, as they like.
That the possession of the said land is already with the first party.
That the 1st party assures the second party that the said land is free from all kinds of encumbrances such as sale, gift, mortgage, disputes, litigation, acquisition attachment in the decree of any court lien, court injunction etc., etc., and if it is ever proved otherwise, or if the whole or any portion of the said land is taken away or goes out from the possession of the second party on account of legal defect in the ownership and title of the Ist party then the Ist party will be liable and responsible to make good the loss suffered by the second party.
That every tax, dues and demands payable in respect of the said land shall be paid by the Ist party upto-date and thereafter the second party will be responsible for the payment of the same.
That this lease agreement is made effective from……………….. for a period of……………….. years and after the expiry of period of……………….. years the 2nd party shall handover the vacant possession of the said land to the Ist party.
That this deed is irrevocable.
In witness whereof, the parties have signed this lease agreement at ……………….. on the date first mentioned above.
Witnesses:
1………………… First Party
2………………… Second Party
RECEIPT
Received a sum of Rs………………… (Rs………………… only) in cash from ……………….. through partner……………….. as lease money in terms of the agreement dated……………….. in respect of land mentioned in the agreement dated……………….. as full and final settlement.
Dated
Witnesses Executant
1…………………
2…………………