| Agreements
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LEAVE
AND LICENCE AGREEMENT - RESIDENTIAL.
THIS
LEAVE AND LICENCE AGREEMENT made at Mumbai this 22nd day of
June.Two Thousand between _______________ And ______________________,
Indian citizen, residing at Flat No.____________________Mumbai
_________, hereinafter referred to as "the licensors",
which expression shall be deemed to mean and include their
legal heirs, representatives, executors, administrators and
permitted assigns of the ONE PART.
AND
______________________ ,a Company having its Branch Office
in Mumbai at Plot _______________________Mumbai ____________
,hereinafter referred to as "The Licensees", which
expression shall unless it be repugnant to the context or
meaning thereof, shall be deemed to mean and include its successors
and assigns of the OTHER PART.
WHEREAS
:
i. The Licensors are seized and possessed of and are entitled
to premises being Flat No _____ on ___ floor of the building
known as ________ (hereinafter referred to as 'the said flat
' ) situated at ________________- Mumbai -
ii.
The Licensors hereby confirm that the aforesaid premises are
free from any lien and encumbrances and that the aforesaid
premises are not mortgaged to anyone.
iii.
The Licensees have approached the Licensors and requested
the Licensors to let out it to the aforesaid premises being
Flat No. ____ on the ___ floor of the building known as ____________________Mumbai
_______ alongwith normal internal fixtures and fittings lying
and made therein (hereinafter collectively referred to as
'the Licensed Premises' ) for use and occupation of the Licensees
on leave and licence basis for a period of thirty three months
which the Licensors has agreed to do at or for the monthly
compensation and on the terms and conditions hereinafter appearing
:
NOW
THIS AGREEMENT TO LEAVE AND LICENCE WITNESSETH AND IT IS HEREBY
AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER :
1.
The Licensors hereby grants to the Licensees and the Licensees
hereby accepts from the Licensors the Licence to occupy and
use the Licensed premises admeasuring approx. _______ sq.ft.
area.
2.
The Licensors are responsible to inform the Licensees in case
of any other properties the Licensors may have leased to the
Licensees and is fully liable for all liabilities of non-communication
of the same that may arise for purposes of deduction of tax
and any other liability/dues to the Government .
3.
The period of the license shall be for a term of _ _ (______)
months commencing from ________, 2000 expiring on __________.
On the expiry of the said term of _ _ ( _______ ) months and
the Licensees shall have the option to renew the license on
mutually agreeable terms provided always that in order to
be entitled to the said renewal of the License. The Licensees
shall have in the meantime fully complied with and carried
out its obligations under this Agreement for the earlier period
and shall also have given to the licensors atleast one months'
notice in writing prior to the expiry of the current term
and such renewal shall be upon mutually agreed terms and conditions.
4.
The license fee / compensation for the occupation and use
of the said Licensed Premises shall be Rs. ________/- (Rupees
_____________ only) per month for the said Licensed period.
5.
In addition topayment of the compensation as herein above
provided, the Licensees shall pay the charges for electricity,
telephone and cable charges consumed in the licensed premises
on the basis of actuals as shown by separate meter and billed
by competant authorities.
6.
The Licensors shall pay all existing as also all future out
- goings in respect of the licensed premises including any
water charges, taxes and outgoings including municipal taxes,
cess dues, duties, impositions and levies imposed by the Municipal
Corporation of Greater Bombay as also increases and / or other
society outgoings and the same shall not be recoverable from
the Licensees and the Licensors shall keep the Licensees indemnified
in respect thereof. if the Licensees are called upon to pay
any such charges the same shall be deducted from the license
fee / compensation payable herein and the Guarantee herein
mentioned shall stand reduced to that extent.
7.
It is expressly agreed by and between the parties hereto that
in the event of the Licensors failing and / or neglecting
to make payment to the society towards maintenance and other
such charges, etc., the Licensees at their entire discretion
may pay such moines towards maintenance and society charges
etc. though not obliged to so. the Licensors shall upon demand,
refund to the Licensees the amount so paid by the licensees,
in case the Licensors fail to refund the amounts within 30
days of the demand being raised, it shall carry an interest
@ 18% from the date the demand is raised till the payment
is made to the Licensees.
8.
The Licensors shall obtain and provide to the Licensees one
car parking open to sky in the compound of the building where
the licensed premise is situated. If second open to sky parking
is required will be provided, subject to availability and
consent of the Society. Any charge for the same by the Society
is to be borne by the Licensee.
9.
The Licensors shall obtain a "No Objection Certificate"
from the said Society and furnish the same to the Licensee.
the Licensors shall commit no acts or deeds which will result
in the society withdrawing the NOC and shall ensure that the
NOC granted from the society is always in force for the license
period.
10.
The Licensees shall issue a Bank Guarantee of Rs. _ _ _ _
_ _/- (Rupees ____ only ) in favour of the Licensors. The
Licensors shall be entitled to encash the Guarantee if the
Licensees fail and/or neglect to hand over peaceful possession
of the said flat after the expiry of 30 ( thirty ) days of
expiry of the leave and license agreement subject to the provisions
contained in the agreement.
11.
The said Flat shall be used by the Licensees for residential
purposes only for its officers and their family. Any cahnge
in the occupant will be notified to the Licensors and to the
society from time to time.
12.
The Licensors hereby covenent with the Licensees as under
:
(a)
On the Licensees paying the licenses fee / compensation hereby
reserved and observing and performing the covenants and stipulations
herein contained and on its part to be observed and performed,
the licensees shall be entitled to peacefully use the Licensed
Premises during the term of license.
(b)
To cause the society / competent authorities to recognise
the rights of the Licensees hereunder.
(c)
To be responsible for and at its cost to carry out all the
external repairs and repairs and repairs of structural nature
in the Licensed Premises.
(d)
Grant to the Licensees such permission at the Licensee's cost
to carry out such additions and/or alterations as the Licensees
may require in the Licensed Premises including installing
necessary amenities and appliance therein and at the time
of vacating the Licensed Premises, the Licensees shall be
entitled to take away, without effecting the Licensed Premises,
all such additions, installations as are of a permanent nature
shall revert to the Licensors for no additional cost, PROVIDED
THAT in no event the Licensees shall carry out any additions
or alterations or works of permanent nature in the Licensed
Premises PROVIDED FURTHER THAT in so far as any permission
is required from the Society, the Licensors shall make best
endeavour to obtain the same for the Licensees.
(e)
During the terms of this licence, the Licensors shall not
sell, encumber, transfer or otherwise dispose off its right,title
and interest in the Lincensed Premises, they will ensure that
the rights of the Licensees under this Agreement are preserved
and are not prejudicially affected.
f)
The Licensors or the Society, as the case may be, at their
own costs and expenses, during the continuance of this licence
may insure and keep insured with duly approved Insurance company,
the licensed premises against loss and damage by fire, lightning,
and such other perils as are customary in the areas, for the
fair market value of the licensed premises as determined by
the Insurance Company.
13.
The Licensors have represented to the Licensees that they
are the absolute owner of the Licensed Premises as member
of the society and the same is free from any charge or encumbrances
and that no other person has any right, title interest thereto
and that the same are not subject matter of any order of attachment
or other prohibitory order preventing the Licensors from giving
the same on licence to the Licensees.
14.
The Licensees shall not during the period of the licence make
any structural alterations in the Licensed Premises but shall
be at liberty to install air-conditioners and domestic electric
appliances and other conveniences reasonably required by the
occupants of the Licensed Premises, and which remain the property
of the licensees and shall be removed by the Licensees on
vacating the Premises, provided however that the Licensees
Premises are not damaged in any manner whatsoever.
15.
The Licensees shall use the Licensed Premises for the purpose
of its senior officer and the members of his family only and
for no other purpose whatsoever. The licensees shall not do
or suffer to be done anything therein which is or likely to
be a nuisance or annoyance to other occupants or to prejudice
the rights of the Licensors as the owners of the Licensed
Premises or any part or portion thereof.
16.
The Licensees will keep and maintain the Licensors furniture,
fixtures, fittings and effects in the Licensed Premises in
good order and condition and upon the termination of the license
will leave the same in as good condition as they were on the
date of initial occupation (reasonable wear and tear and loss
or damage by fire accident irresistible force or act of God
expected) and shall indemnify the Licensors against any loss
or damage that may be suffered by the Licensors as a result
of breach of any of the provisions herein contained, or otherwise
due to any act or conduct of the licensees, its Officers,
members of their respective families, their servants, staff,
employees, visitors, invitees and agents leading to the breach
of the provisions herein.
17.
In the event of the Licensee committing any breach of the
terms and conditions of these presents and failing within
45 days to remedy or make good such breach on receipt of such
notice in writing from the Licensors, then and in that event,
without prejudice to the other rights and remedies, the licensors
shall have right to terminate this agreement by giving 45
days notice.
18.
It is agreed and declared between the parties hereto that
the license for the use of the Licensed Premises hereby granted
to the Licensees is not transferable. the Licensed Premise
shall be used for the purpose of residence of the Licensees
Officers and the members of their family only.
19.
The Licensors shall indemnify and shall keep indemnified the
License from and against all actions, suits, proceedings,
costs, charges, and other liabilities brought, suffered or
incurred by the Licensee by reason of any breach, non-performance
or non-observance by the Licensors under this Agreement or
imposed by the bye-laws of the society.
20.
On the termination of this license subject to what is stated
herein in these presents, the Licensees alongwith the Officer
who has been permitted to occupy the Licensed premises shall
forthwith remove themselves and their respective belongings,
articles and things from the Licensed Premises.
21.
If at any time during the subsistence of this license, the
said building or the Licensed Premises are destroyed or damaged
by fire ( not attributable to default of the licensees), flood,
tempest, accident , earthquake or any act of God, war or due
to any other cause beyond the control of the Licensees and
not on account of act, deed or omission attributable to the
Licensees so that the Licensed Premises become unfit for occupation
and use then in such event the license fee / compensation
hereby reserved may be suspended until the Licensed premises
shall have been again rendered for occupation and use PROVIDED
THAT in case of any of the forgoing events happening or if
for any reason which is not attributable to the Licensees,
the Licensed Premises cannot be occupied by the Licensees,
then in such case the Licensees shall have the option to put
an end to this Agreement forthwith notwithstanding anything
hereinabove contained and receive the repayment of all amounts
due including the license fee / compensation paid in advance
or the unadjusted portion thereof as the case may be along
with other outstanding dues if any to the licensees from the
Licensors. In the event of failure of the compensation, the
licensees shall be entitled to continue to use and occupy
the Licensed Premises without payment of any license fee or
compensation or damages or rates taxes non-occupancy charges
or outgoings to the Licensors until such time the Licensors
refund the aforesaid amounts due including unadjusted advance
license fees / compensation with interest willing to vacate
and give charges of the Licensed Premises to the Licensor
until payment. in the event of failure of the licensors to
refund the amounts due to the Licensee including the unadjusted
advance amounts, if any, against the delivery of the licensed
premises, the licensees are given the authority to deal with
the licensed premises which includes the right to sell, sub-license
or lease the licensed premises to any other third party and
the sale proceeds of the licensed premises or the compensation
/ license fee / lease rent etc., would be used towards discharge
of financial obligations of the licensors towards the licensees.
22.
The Licensors shall not be responsible or liable for any theft,
loss, damage or destruction of any property of the Licensees
or the said nominate employee lying in the said flat nor any
bodily injury to any of the occupants of the said residential
flat from any cause whatsoever.
23.
It is expressly agreed by and between the parties hereto that
not with standing anything contained herein the Licensees
will have an option to terminate this Agreement by giving
3 (three) months previous notice in writing to the Licensors
and this agreement will accordingly stand terminated on the
expiry of the said period of notice and the Guarantee in respect
of this also shall stand automatically revoke. The Licenses
shall then hand over vacant possession to the Licensors and
the amounts referred to above shall simultaneously be refunded
to the Licensees.
24.
Nothing herein contained shall construe as creating any right,
easement, tenancy or sub-tenancy in favour of the Licensees
in or over or upon the Licensed Premises other than the permissive
right of use hereby granted or as entitling the Licensees
the possession of the Licensed Premises juridical thereof
at all times remaining with the Licensors.
25.
It is the express intention of the parties hereto that this
Agreement shall be a mere license and the Licensors shall
at all timers have free and unobstructed access to the Licensed
Premises, the use and occupation thereof by the Licensees
being restricted for the purpose of using the Licensed premises
on the terms and conditions in this licence.
26.
The Licensors and the Licensor's authorised representatives
shall have full liberty to inspect the Licensed Premises at
a reasonable hour after giving due notice of atleast 48 hours
and then the Licensors shall be entitled to enter upon the
Licensed premises and to view the condition thereof and/or
effect any repairs as the Licensors are required to do pursuant
to this Agreement.
27.
It is agreed by and between the parties hereto that this leave
and License has been given pursuance of Section 24(2) of Maharashtra
Rent Control Act 1999.
28.
In the event of any change, modification or amendment in Law
relating to Leave and License by any Act of Legislation, Notification,
Ordinance, Judgement or otherwise howsoever, by virtue whereof
the License is granted, conferred under these presents as
contemplated under Section 13A2 of the said Act, then, in
such a event, this agreement shall come to an end mutatis
mutandis on the day prior to such legislation notwithstanding
the tenure of the Licence granted thereunder.
29.
One set of keys of the main entrance door of the said residential
flat shall be given by the Licensors to the Licensees. Licensees
if desires for his own safety and security can change the
main door lock and consent thereof is given now.
30.
Each party shall bear and pay their respective Advocates,
Solicitors and real estate Agents cost.
31.
Stamp Duty and Registration charges if any levied by the Government
will be borne equally by the Licensors and Licensees.
32.
This Agreement is subject to exclusive jurisdiction of Mumbai
Courts only.
IN WITNESS WHEREOF the parties hereto have hereinto set and
subscribed their respective hands and seals to this writing
on the day, month and year first hereinabove written.
SIGNED, SEALED AND DELIVERED )
by the within named "Licensors"- )
___________________________ )
___________________________ )
in the presence of )
1. )
2. )
SIGNED, SEALED AND DELIVERED )
by the within named "Licensee" )
___________________________ )
through its duly )
Constituted Attorney )
___________________________ )
in the presence of )
1. )
2. )
DEPOSIT
AGREEMENT
THIS
DEPOSIT AGREEMENT made at Mumbai this ___ day of ____, Two
Thousand between ____________________________, Indian Inhabitant,
residing at __________ Mumbai (hereinafter referred to as
" the Licensors " (which expression shall unless
repugnant to the meaning or context thereof shall be deemed
mean and include their legal heirs, representatives, executors,
administrators and permitted assigns) of the ONE PART ;
AND
________________, a Banking Corporation having its Branch
Office in Mumbai at ___________________, (hereinafter referred
to as "the Licensees" which expression shall unless
it be repugnant to the context or meaning thereof, shall be
deemed mean and include its successors and assigns) of the
OTHER PART.
WHEREAS
:-
[i] It is expressly agreed by and between the parties that
this Agreement shall be co - extensive and co - terminus with
the Leave and License Agreement of even date.
[ii] The Licensors, pursuant to a Leave and License Agreement
of even date made between the Licensors of the ONE PART and
the Licensees of the OTHER PART, the Licensors have given
to the Licensees permission to use and occupy the premises
being Flat No.____, of the building known as __________ situated
at _______, Mumbai, along with normal internal fixtures and
fittings lying and made herein, at the monthly compensation
and upon the terms and conditions contained therein for a
period of ___ (________) months with effect from ___________
2000 upto _______ 2000, subject to the terms and conditions
stipulated in the Leave and License Agreement of even date.
[iii] It has been mutually agreed between the parties hereto
that the Licensees shall give an Interest free Security Deposit
of a sum of Rs.25,00,000/- only (Rupees Twenty Five Lakhs
only) to the Licensors as a security deposit for the due performance
of the Leave and License Agreement of even date on the execution
of these presents for the due performance and observance of
the terms and conditions of the said Leave and License Agreement,
which the parties hereto have agreed to do so on the terms
and conditions hereinafter appearing: NOW THIS AGREEMENT TO
LEAVE AND LICENCE WITNESSETH AND IT IS HEREBY AGREED BY AND
BETWEEN THE PARTIES HERETO as follows :
1. This Agreement shall be for a duration of ___ ( _______
) months and shall run concurrently and co - terminus with
the Leave and License Agreement of even date.
2. The Licensees has agreed to give an interest - free security
deposit of a sum of Rs. _________/- (Rupees __________ only
) to the Licensors receipt whereof the Licensors hereby admits
and acknowledges that in accordance with terms contained in
the Leave and License Agreement of even date.
3. In the event of expiry of the leave and license agreement
or if the Leave and License Agreement is terminated at any
earlier point of time for any reason whatsoever , then the
security deposit amount of Rs._______/- only (Rupees ________
only) shall be refunded by the Licensors to the Licensees
simultaneously with and against the Licensees handing over
vacant possession of the Licensed Premises to the licensors
subject to the deduction of unpaid license fees and / or unpaid
electricity bill, telephone charges, water charges, if any.
However, in the event of any failure by the Licensors to refund
the interest free security deposit of Rs. ______/- (Rupees
_______ only) and any other dues, the Licensees shall be entitled
to continue to use and occupy the Licensed Premises without
payment of any license fee or compensation or damages or rates
taxes / or non - occupancy charges or outgoings or any amount
whatsoever to the Licensors until such time the Licensors
refunds the aforesaid interest free security deposit of Rs._______/-
(Rupees ____________ only) with interest thereon calculated
at the rate of 18% per annum from the date on which the Licensees
was willing to vacate and give charge of the Licensed Premises
to the Licensors until payment. Such over stay by the Licensees
in the Licensed Premises shall not constitute a default by
the licensees under the leave and license agreement and the
Licensors shall not be entitled to invoke a guarantee herein
contained against the Licensees. In case the Licensors does
not refund the said security deposit with interest as aforesaid
within a period of three months then, in that event the Licensees
shall have the first charge over the Licensed Premises and
shall be at liberty to deal with the Licensed premises so
as to recover the amount paid by it as security deposit.
4. During the term of this license, the Licensor shall not
dispose off their right, title and interest in the Licensed
Premises, which in any way would prejudice the rights of the
Licensees under the Leave and License and this Agreement are
preserved and are not prejudicially affected or in any way
disturbed for the entire duration of __ ( ) months and the
renewal thereof. If any charge is registered in respect of
the licensed premises it shall first take into account the
interest free deposit of Rs. ___/- (Rupees _______ only) due
but not paid by the licensors to the Licensees.
5. The Licensors hereby represents that they are the absolute
owners of the Licensed Premises and that it is free from any
charge or encumbrance and that no other person has any right,
title, interest thereto and that the same are not subject
matter of any order of attachment of other prohibitory order
preventing the Licensors from giving the same on license to
the Licensees.
6. The Licensors further agree and undertake with the Licensees
that during the subsistence of the leave and license agreement,
they shall not mortgage, create any charge or encumber or
transfer deal with or dispose off in any manner whatsoever
the licensed premises or his / her right title and interest
therein nor shall they do, permit or suffer to be done anything
whereby the right of the licensees under this agreement or
the leave and license agreement of even date is adversely
or prejudicially affected, avoided or extinguished.
7. This Agreement shall be subject to the exclusive Jurisdiction
of Courts in Mumbai only. IN WITNESS WHEREOF the parties hereto
have hereinto set and subscribed their respective hands and
seals to this writing on the day, month and year first hereinabove
written.
SIGNED, SEALED AND DELIVERED )
by the within named "Licensors"- )
___________________________ )
___________________________ )
in the presence of )
1. )
2. )
SIGNED, SEALED AND DELIVERED )
by the within named "Licensee" )
___________________________ )
through its Authorised Signatory )
___________________________ )
in the presence of )
1. )
2. )
RECEIVED from the within named )
"the Licensees" _______________ )
a sum of Rs. _ _ _ _ _ _ _/- )
(Rupees only) being )
the amount of interest free refundable security ) Rs. _ _
_ _ _ _ _/-
deposit payable by the Licensees to us ) We say Received
________________ _______________
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