Lease Agreement Template - Free Download
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Lease Agreement Template
Lease Agreement Template
STANDARD LEASE AGREEMENT FOR COMMERCIAL PREMISES TAKEN ON LEASE
(The draft of standard lease agreement format is appended herewith. Please note that any
changes made to the format to suitably reflect agreement specific terms of sanction will
have to be incorporated with the prior permission of the competent authority, i.e one step
higher than the sanctioning authority.)
LEASE DEED Standard Lease Agreement for Commercial Premises Taken on Lease «
THIS DEED OF LEASE made on this ____________day of
_________20____at_______________ __________
BETWEEN
1.Shri___________________s/o____________________aged__________years,
Occupation:_________________ residing at ____________________
2.Shri___________________s/o____________________aged__________years,
Occupation:_________________ residing at ____________________
3.Shri___________________s/o____________________aged__________years,
Occupation:_________________ residing at ____________________
(Hereinafter referred to as the ‘Lessor’, which term shall mean and include wherever the context
so requires or admits his/their heirs, successors, administrators, executors, attorneys and assigns)
of the ONE PART.
AND
State Bank of Hyderabad, a body corporate constituted under the State Bank of Hyderabad Act,
1956 having its Head Office at Gunfoundry, Hyderabad and a branch interalia
at______________ (hereinafter referred to as the ‘Lessee’, which term shall mean and include
wherever the context so admits or requires its successors, administrators, and assigns) of the
OTHER PART.
WHEREAS the Lessor(s) is/are the absolute owner(s) of the building bearing No.
__________________situated at ________________ having acquired under a sale deed bearing
no._________________ dt._______________ / having inherited from his/their ancestors.
WHEREAS the Lessee being in need of accommodation for its use and occupation for the
purpose of its branch/office has requested the Lessor to grant lease of the said building
admeasuring about ____________Sq.ft. more fully described in the schedule annexed hereunder
(hereinafter referred to as the ‘Said Premises’), along with parking place for a period of
__________ years certain on a monthly rent of `____________ commencing from __________
to ___________ with an option to the Lessee to continue the lease for a further period of
____________ years with _____% increase in monthly rent over the existing rent for the
renewed period.
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