Deed
of Surrender of Lease
THIS
DEED OF SURRENDER OF LEASE made the……………day of
BETWEEN
AB
of,
etc.(the lessee),of the one part and CD
of, etc. (the lessor) of the other part.
WHEREAS by an Indenture dated…………… made
between the parties hereto and registered in
… it was witnessed that the said
CD, did in consideration of the rent thereby and thereunder
reserved
and of the covenants and conditions to be observed and performed on the part of
the said AB as therein contained granted and demised by way of lease the
property fully mentioned and described in the schedule hereto for a term of........................ years.
AND
WHEREAS such lease is in full force and virtue and all rents and conditions
reserved by and contained there under on the part of the lessee to be paid, observed
and performed by the said AB upto the date of these presents.
AND
WHEREAS the lessee was at all material times and is presently in possession of
the property since the execution of the lease.
AND
WHEREAS for personal reasons and consideration, the said AB having desired to
be relieved from any further payment of such rent and performance of the
covenants and conditions approached the said CD for a surrender of the said
lease and delivery of the possession of the property.
ANDWHEREAS
the said CD has agreed to accept from the said AB a surrender of the aforesaid
lease of the said premises.
NOW THE DEED WITNESSES that in pursuance
of the said agreement and inconsideration of a sum of Rs being the token consideration paid by the said CD to AB, the said
AB as beneficial
user
of the said property do hereby give up and relinquish all his leasehold estate
and interest in and surrender and deliver possession to the said CD of the
premises (or, etc.) comprised in and by the said deed of lease TO HOLD the same
as before execution of the lease by the said CD TO HOLD THE INTENT and object that the same shall stand determined
to all intents and purposes and that the residue of the said term of… years created by the said deed of lease,
and all other rights and interests of the said AB in the said premises (or,
etc.) under or by virtue of the said deed shall stand extinguished and merged in
the reversion free hold and inheritance of the premises with immediate effect as
if the said lease was never granted nor intended.
AND
THIS INDENTURE further witnesses that in consideration of the surrender of the
lease which is accepted by the lessor the said CD do hereby release and
discharge the lessee AB, his successor and estate from all claims, demands and liabilities
on account of future rent and or arising out of performance or non-performance
or hereinbefore recited Indenture of lease.
IN WITNESS WHEREOF
the parties above named have put their signatures the day and year above.
Signed,sealedanddelivered
AB CD
TheScheduleabovereferredto
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