Deed Altering Conditions In A Lease Deed Format

Deed Altering Conditions In A Lease

Deed Altering Conditions In A Lease Deed Format

This deed of modification of lease is made this ……………… day of …………… 2001 between AB son of ……………… residing at ……………… (hereinafter called the lessor) of the one part and CD son of ………………… residing at …………… (hereinafter called the LESSEE) of the other part.

Whereas by a lease (hereinafter called the principal deed) dated the ………… day of ………… and made between the parties hereto and registered at …………… Registration office in Book No. …………… Volume

No. …………… pages ………… to ………… Being No. ………… for the year ………… the said AB granted and demised to CD the house (or, etc.) situate at, etc. AND WHEREAS the parties hereto have agreed to alter and modify the terms and conditions of the principal deed in the following manner:                    

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Now this deed witnesses as follows:

1. Sub-clause (e) of clause 2 (or, etc.) of the principal deed shall be omitted and shall cease to have any effect.

2. Sub-clause (e) of clause 3 of the principal deed shall be substituted by the following clause:

That if the lessee shall pay the rent punctually and regularly and duly complied with and performed the conditions and covenants herein contained for renewal of the lease agreeing to pay 20% enhanced rent, the lessor shall then and in such an event grant to the lessee a new LEASE of the said premises for a further period of 5 years on the same terms and conditions as are contained in the Principal Agreement except the covenant for renewal and subject to variation as may be mutually agreed.

3. That as altered and modified as aforesaid the PRINCIPAL DEED shall remain in full force and effect.

In witness whereof the parties hereto have executed these presents on the day, month and year first above-written.

Signed, sealed and delivered by

AB the lessor in the presence of:

Signed, sealed and delivered by

CD the lessee in the presence of:

Deed Altering Conditions In A Lease Deed Format

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