Lease Agreement printable pdf download

LEASE AGREEMENT

This AGREEMENT OF LEASE is made and executed on this day of _ between M/s._,

having registered office at _, and having plant at _________________, represented by its

Director, Mr. _____, herein after called “LESSOR” (which expression shall mean and

include their successors, heirs and assigns)

AND

M/s._____, having registered office at _____, represented by its Director, _______,

herein after called “LESSEE’ (which expression shall mean and include their successors,

heirs and assigns)

WHEREAS the LESSOR owns a state of the art Plant at ___ .

WHEREAS the LESSOR intended to lease the processing and cold storage plant more

fully described in the Schedule annexed hereto and the LESSEE agreed to take on lease

the said plant for processing and storing shrimp and other seafood on the terms and

conditions reduced into writing as follows :

1. The LESSEE has to take on lease plant for a monthly consideration of Rs.__/-

(Rupees ____ only). The lease rentals shall be paid with in 10 days from the

completion of the month for which lease rental due.

2. The LESSEE is entitled to use the plant and other assets for the purpose of

production nonly.

3. The LESSEE is at liberty to employ and depute the requisite staff, employees and

other persons for the smooth operations of the plant.

4. The LESSEE shall not lease or sublease, part with any section or division of the

processing plant or any assets of the company to any other person or entity

without the express permission from the LESSOR.

5. The lease agreement shall be effective from __________, shall be for a period of

1 year and valid up to ___. The lease agreement is further renewable on similar

or revised terms agreeable between the LESSOR and LESSEE from time to time.

6. The LESSEE shall not, will fully or other wise demolish, alter, extend, cause

damage to the property and other assets, without express permission from the

LESSOR.

7. The LESSEE shall during the said term make minor repairs, maintain, clean,

upkeep, the said leased premises with the appurtenance in good condition together

Lease Agreement