Leahse Deed

This DEED OF LEASE is made this …………… day of …………… 2018

BETWEEN ‘AB’ and ‘MN’ both residing at …………… hereinafter called the
LESSORs of the one part AND ‘CD’ residing at ……………… hereinafter
called the LESSEE of the second part.

WHEREAS the LESSORs are the exclusive owners of …………… an

estate comprising land measuring ………… known as ………… and
bounded as follows:

East ……………………..

West …………………….

North ……………………

South ……………………

AND WHEREAS the LESSEE has agreed to take a lease of the said
land from the LESSORs for a period of …………… years upon terms and
conditions hereinafter mentioned and has further undertaken to build a
cinema hall to be named as …………………… according to the plan
annexed hereto and to the specifications attached therewith.

NOW THIS LEASE WITNESSETH AS FOLLOWS:

1. In consideration of a monthly rent of Rs. …………… and the

LESSEE’s covenants hereinafter mentioned and contained, the LESSORs
hereby demise and lease unto the LESSEE and the LESSEE hereby takes
on rent the plot of land measuring ………………… comprised in ……………
for a period of …………… years from the date hereof..

2. Immediately on the execution of these presents or as soon

thereafter as possible, the LESSEE shall commence and complete with all
possible expedition a suitable building and other structures on the land
hereby demised according to and in conformity with the map or plans
hereto annexed which have already been sanctioned by the Municipal
Committee of …………… so that such buildings and structures are
completed and are ready for use for the purposes hereinafter mentioned
within a period of one year from the date hereof. It is hereby declared that
such buildings and structures shall at all times remain the property of the
LESSEE during the term of the tenancy hereby created but immediately on
the expiry of such term or on sooner determination thereof and in any event
on the expiry of …………… years from the date hereof, the same shall vest
in and become the absolute property of the LESSORs who shall then be
entitled to enter upon and to take possession of the same and shall in the
meantime have and possess a vested interest therein, it being agreed that
during the continuance of the tenancy hereby created the LESSEE shall
not sell or mortgage or otherwise alienate the buildings and/or the
structures or the materials thereof.

3. All taxes which are now payable by the LESSORs, such as land
revenue, property tax as well as all insurance premium on the buildings to
be constructed on the land hereby demised, shall be paid by the LESSORs
but all other taxes which may hereafter be levied by any authority
whatsoever as payable in respect of the said land or buildings thereon by
the LESSORs or by the lessee or the occupier thereof shall be paid by the
lessee.

4. The rent payable hereunder shall be paid in advance every month

by the LESSEE to the LESSORs on or before the 10th day of each
calendar month and the receipt of any one of the lessors shall be a
complete discharge in respect of the same on behalf of all the LESSORs.

5. If default is made in the payment of the rent for any three months,
then on each such default it shall be lawful for the LESSORs, in addition to
or in the alternative to any other remedy that may be available to them at
their discretion, to eject the lessee from the land hereby demised and from
the buildings and structures that may have been erected thereon and to
take possession thereof as full and absolute owner thereof provided that a
notice in writing shall be given by the LESSORs to the LESSEE of their
intention to take possession of the same but if the arrears of the rent are
paid within seven days from the service of such notice then the LESSORs
shall not be entitled to take possession of the said land and buildings.
 Provided further that if the LESSORs nevertheless exercise their right
to take possession of the said land and buildings as provided herein then
the LESSEE shall not be liable to pay to the LESSORs the full rent hereby
agreed to be paid for the whole of the remaining term of the tenancy hereby
granted, subject, however, to the right of the LESSEE to claim refund of the
rent, if any, that the LESSOR may recover during such remaining term from
the LESSEE.

6. The LESSORs shall whitewash the buildings erected on the said

land once every year and shall renew the oil-painting thereof every three
years and in the event of their failure to do so the LESSEE shall be entitled
to do the same after a week’s notice in writing to the LESSORs of his
intention to do so and to deduct the expenses incurred by him in that behalf
from the rent hereunder payable by him to the LESSORs.

7. The LESSEE shall insure and shall at all times during the
continuance of this lease keep insured all the buildings that may be erected
on the said demised land against loss or damages by fire with an insurance
company approved in writing by the LESSORs for an amount which shall
not be less than Rs. …………………… unless otherwise agreed to in
writing between the parties.

8. The LESSEE will be liable to keep the building or buildings and the
structures erected on the said demised land in a good state and condition
and shall repair any damage or injury caused thereto except such damage
as may be caused by ordinary and reasonable wear and tear.

10. The LESSEE shall permit the LESSORs or their duly authorised
agent or agents to enter the premises at all convenient times for periodical
inspection of the same except when any show or function is being held
therein.

11. The LESSEE shall not, except with the permission of the
LESSORs in writing first had and obtained, use the premises for any
purpose other than the following, namely, the exhibition of motion pictures,
theatrical performances, concerts, public lectures, skating-rinks,
refreshment rooms and other purposes subsidiary or connected therewith.
In case of a breach of this condition the tenancy shall be deemed to have
been terminated with all the consequences hereinbefore mentioned.
 12. Subject to fulfilment of the terms and conditions of these
presents, the LESSEE will have the option to extend the lease of the said
land and buildings and structures erected thereon for a further period of 10
years on the expiry of the lease hereby granted provided he gives a notice
to the effect in writing by registered post to the LESSORs of his intention to
do so at least three calendar months before the termination of the present
lease.

Provided also that with such notice the LESSEE shall deposit with the
LESSORs the sum of Rs. ……………… as security for the regular payment
by him of the rent during such extended term as hereinafter mentioned and
for the due performance of the terms of the tenancy.

Provided further that the rent payable by the LESSEE to the

LESSORs during the extended term of the lease shall be Rs. ……………
per month which will include the rent of the land hereby demised as well as
of the buildings constructed thereon which, on the expiry of the tenancy
created hereby, shall vest in and be the absolute property of the LESSORs
as hereinbefore mentioned. After the expiry of the said fresh term of 10
years the LESSEE shall not be entitled to exercise a further option of
renewal of the tenancy and shall hand over and deliver the land and the
buildings and structures to the LESSORs in a good condition as
hereinbefore provided.

13. The LESSEE shall be entitled to proceed with the construction of

the buildings and/or structures on the land hereby demised immediately
after the registration hereof and the LESSORs shall allow the LESSEE all
facilities in that behalf and on their failure to do so pay to the LESSEE
compensation at the rate of Rs. ______per day for such period as the
LESSEE is unable to commence the construction owing to the fault of the
LESSOR.

14. The LESSEE has deposited a sum of Rs. ……………… with the
LESSORs as security for the due performance of the conditions hereof; this
amount the LESSORs shall return without interest to the LESSEE on the
termination of the tenancy created hereby subject, however, to any lawful
deductions that they may be entitled to make hereunder.
IN WITNESS WHEREOF the said LESSORs and the said LESSEE have
put their respective signatures hereunder the day, month and year first
above-written.
Schedule of the property

WITNESSES: Signature of LESSORs

Signature of LESSEE