Deed Modifying Terms Of Lease Deed Format

Deed Modifying Terms Of Lease

Deed Modifying Terms Of Lease Deed Format

This deed is made this …………… day of …………… between AB of, etc. (hereinafter called “the LESSOR”)  of the one part and CD of, etc., (hereafter called “the LESSEE”) of the other part being supplemental to the deed of lease (hereinafter called “the PRINCIPAL DEED”) dated the ……… day of ……… and made between the same parties being a lease of a house (or, etc.) situate at etc. WITNESSES  as follows:

1. The LESSOR shall forthwith erect and construct and will complete on or before the …………… day of …… to the reasonable satisfaction of the LESSEE, a room (or, etc.) and other additions to the premises leased under the PRINCIPAL DEED, in accordance with the plans and specifications, copies whereof have for the purpose of identification been signed by the LESSOR and the LESSEE.

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2. In consideration of the premises, the LESSEE hereby agrees with the LESSOR that as from the …………… day of ………… he, the LESSEE will pay to the LESSOR during the residue of the term granted by the lease under the PRINCIPAL DEED, the additional yearly rent of Rs. …………… such additional rent to be paid by equal monthly payments on the same days and in the same manner as are provided by the PRINCIPAL DEED for the payment of rent thereby reserved, the first of such payment to be made on the …………… day of …………… and that all the rights and remedies of the LESSOR shall be applicable to the said additional rent.

3. From and after the completion of the said additions and works to be erected and constructed by the LESSOR as aforesaid the agreements and conditions contained in the PRINCIPAL DEED shall apply thereto in the same manner as if the said additions and works had been completed prior to the grant of the lease by the Pincipal Deed.

In witness etc.

Signed, sealed and delivered                                         CD

AB

The Plans, etc., above referred to

Deed Modifying Terms Of Lease Deed Format

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