AGREEMENT INCREASING THE PERIOD OF LEASE DEED





THIS SUPPLEMENTARY LEASE DEED is made at New Delhi, on this ________ day of ________, 200

BETWEEN

M/s ______, a Company incorporated in India under the Companies Act, 1956 and with its registered office at _____, and after it called the "Lessor" (which expression shall, unless the context otherwise requires, including its heirs and allowed assignees) of the ONE PART

AND

M/s____, a Company incorporated in India under the Companies Act, 1956 and with its registered office at _______, and after it called the "Lessee" (which expression shall, unless the context otherwise needs, including its heirs and allowed assignees) of the OTHER PART

WHEREAS he Lessor and Lessee had entered a lease for Industrial Plot having number ____, measuring eleven thousand six hundred thirty two and a half (11632.5) Square Yards, having a building built thereon, having electricity load sanctioned of 95 KVA and with electrical/sanitary fittings with details fully stated per Annex ‘A’ annexed which referred after it as "the Property".

WHEREAS this agreement is additional to the Lease Deed made on the ___ between the same parties with same order and registered at No. Book No. and Volume No. ____, pages ___, in the Sub-Registrar's office at ____,

The Lessee has asked the Lessor to enlarge the Lease on same terms /conditions having increased the rent, per clause ___ of Lease Deed.

NOW, HENCE, THIS ADDITIONAL LEASE DEED WITNESSETH and the parties hereby agree a follows

1. That the lease is being enlarged for future time of three years. The other terms/conditions of the Lease Deed shall remain fully effective.

2. That the rent of enlarged period of lease, as increased by 30% to previous rent shall be Rs.____.

3. That the Lessor and Lessee shall opt to extend the lease by three years more at an increased rent of present rent plus 30% of the present rent value.

4. That this Additional Lease Deed shall be registered in the same way as the principal Lease Deed.

IN WITNESS WHERE OF, the parties hereto have signed the agreement on the date first herein before mentioned.

LESSOR

LESSEE

Witnesses:



1.



2.