2. Witnesseth as follows :-
1) That in consideration of the Lessee paying rent, rates and taxes as may be assessed by the Government from time to time and the Municipality the governor/lessor doth hereby grant and demise unto the Lessee the plots of land mentioned and described in the schedule hereunder written and delineated in the annexed plan with red border for a period of 7 (seven) years from the date of execution of these presents on the terms and conditions herein mentioned.
2) That the Lessee shall pay the lease-rent @ 4% per annum of the land value i.e. Rs. _ /- per annum for the entire lease period and on payment of first years’ lease rent, the lessee will be given leasehold right for 7 (seven) years with the right of renewal. The annual rent shall be payable on the first date of the next year of the lease and if arrear any, shall be subject to payment of interest @ 5% per annum. The annual lease rent will increase by 10% at the time of renewal.
3) That the Lessee shall not change or alter permanently the character of the said land of utilise the plots of land for any purpose except for purpose of the shop (Name of the Lessee) without the consent of the Government first had and obtained in writing.
4) That the Lessee shall have no right whatsoever to grant, transfer, convey or sublet the lease-hold interest in the land to any one without consent of the Government first had and obtained in writing.
5) That the Lessee shall pay all rent, rates and taxes and other impositions that may from time to time be imposed or levied upon the said land by the Government or any other statutory body payable either by the Lessee.
6) That all money that may become due and payable by the Lessee under this Lessee shall be paid by the Lessee according to the directions of the Government and upon
1) That in consideration of the Lessee paying rent, rates and taxes as may be assessed by the Government from time to time and the Municipality the governor/lessor doth hereby grant and demise unto the Lessee the plots of land mentioned and described in the schedule hereunder written and delineated in the annexed plan with red border for a period of 7 (seven) years from the date of execution of these presents on the terms and conditions herein mentioned.
2) That the Lessee shall pay the lease-rent @ 4% per annum of the land value i.e. Rs. _ /- per annum for the entire lease period and on payment of first years’ lease rent, the lessee will be given leasehold right for 7 (seven) years with the right of renewal. The annual rent shall be payable on the first date of the next year of the lease and if arrear any, shall be subject to payment of interest @ 5% per annum. The annual lease rent will increase by 10% at the time of renewal.
3) That the Lessee shall not change or alter permanently the character of the said land of utilise the plots of land for any purpose except for purpose of the shop (Name of the Lessee) without the consent of the Government first had and obtained in writing.
4) That the Lessee shall have no right whatsoever to grant, transfer, convey or sublet the lease-hold interest in the land to any one without consent of the Government first had and obtained in writing.
5) That the Lessee shall pay all rent, rates and taxes and other impositions that may from time to time be imposed or levied upon the said land by the Government or any other statutory body payable either by the Lessee.
6) That all money that may become due and payable by the Lessee under this Lessee shall be paid by the Lessee according to the directions of the Government and upon
