FINAL GROUP ASSIGNMENT

LAW501 – LEGAL REGULATORY ENVIRONMENT OF BUSINESS BY RAHAT AZIZ SB

Assignment on ‘Land Lease Agreement’

Group Members:

1. Navid Godil, 13752

2. Uzair Hasan Khan, 21430
3. Ammar Akhtar uz Zaman, 21393

Sample of Land Lease Agreement

This lease Agreement is made at Karachi on this ______________ day of _________ , 2021 between
Mr.______________ S/o________________ R/o ___________________ having CNIC________________
hereinafter referred to as the “LESSOR” of the first part ,

AND

Mr.______________ S/o __________________ R/o _________________ having CNIC_________________,

hereinafter referred to as the “LESSEE” of the second part.

WHEREAS the lessor above named is the sole and absolute owner of House _______Street____
Sector_________ Karachi, equipped with all necessary fittings and fixtures, hereinafter referred to
as the “SAID PREMISES”.

WHEREAS the lessor has agreed to let out the said premises and the lessee has also agreed to
take the said premises on rental basis on terms & conditions as hereunder:-

1. That the lease agreement shall be deemed to be effective from _______ , for a period of _______
years , While after 1 year the rent of the said premises shall be increased @ 8 % .

2. That the MONTHLY rent of the said premises has been mutually agreed upon at Rs._______
(Rupees _______________________only) .

3. That the lessee has paid to the lessor Rs ________/-(Rupees___________________ only), as ______
months ADVANCE RENT and Rs._______/-(Rupees _____________________ only) being the SECURITY
DEPOSIT which shall be refunded to the lessee at the time of vacating the said premises and
handing over its vacant and physical possession to the lessor, subject to adjustment of any loss
damages or dues, if any, thus the lessee has paid to the lessor total sum of Rs___________/-
(Rupees ____________________ only) through cheque No. _________drawn on
_______________________________ .
FINAL GROUP ASSIGNMENT
LAW501 – LEGAL REGULATORY ENVIRONMENT OF BUSINESS BY RAHAT AZIZ SB
Assignment on ‘Land Lease Agreement’

4. That after the expiry of ____ months, lease period, the RENT of the said premises shall be paid
by the lessee on _____ monthly basis in advance to the lesor.

5. That the lesse shall keep the said premises in good condition and in case of any loss or
damage to any item of the said premises, the lessee shall be liable to repair or replace the same
at his own cost.

6. That the lesse shall not make any structural addition/ alteration without written permission of
the lessor.

7. That one months, prior notice shall be served on either side in case premises is to be vacant
before the expiry of lease period .

8. That the lessee shall permit the lessor or his nominee, during reasonable time of the day, to
enter and to view the state of the condition therefore or for any reasonable purpose as may be
required, with the permission of the lesse.

9. That the lessee shall use the said premises at his own residential purposes and shall not sub-
let it or portion therefore to anybody else.

10. That if the lesse wants to install telephone connection in the said premises at his own cost
and expenses, then lessor will have no objection.

11. That the lessee shall pay regularly all the dues for consumption of gas, water, Electricity and
telephone charges to the concerned departments during the period of his stay in the said
premises and will show the receipts of the paid bills to the lessor, if desired by him.

12 That the minor repairs will be made by the lessee whereas the responsibility of major
repairers rests with the lessor.

IN WITNESS WHERE OF, both the parties have set and subscribed their respective hands to this
deed on this day of above-mentioned date in the presence of witness.

LESSOR: _________________________ LESSEE: __________________________

FINAL GROUP ASSIGNMENT
LAW501 – LEGAL REGULATORY ENVIRONMENT OF BUSINESS BY RAHAT AZIZ SB
Assignment on ‘Land Lease Agreement’

WITNESS:

1)____________________________ 2)______________________________