SALE OF LEASEHOLD RIGHTS





THIS TRANSFER is made the _______ day of _______, 20 _______, BETWEEN AA., aged _______, etc., (hereinafter referred to as ‘‘the Seller’’) of the one part and BB, aged _______, etc., (hereinafter referred to as ‘‘the Purchaser’’) of the other part.

WHEREAS the said AA. under a deed of lease duly executed and registered on _______, in the Sub-Registry at _______. as No_______ in Book I, Volume _______, on pages _______. to _______acquired the lands herein described and intended to be conveyed on a lease for a period of 99 years;

AND WHEREAS the said BB. is desirous of purchasing the leasehold rights of a portion of the said lands on a premium of Rupees_______ (Rs_______) only, and a yearly rent of Rs _______ subject to the covenants and conditions in the said original lease, copy whereof is attached hereto;

NOW THIS TRANSFER WITNESSES that in consideration of the sum of Rupees _______ (Rs_______) only, paid before the Sub-Registrar today at the time of the registration of these presents and the payment of Rs_______every year on or before the 1st day of April, the said AA. as beneficial owner hereby transfers and assigns UNTO the said BB., his heirs, executors and assigns ALL THAT plot of land measuring from East and West _______.feet, and from the North to the South _______ feet and containing by admeasurements_______ square feet approximately, bearing Nos_______ in the local ---------- for the year _______, delineated and coloured pink in the map hereto attached and being approximately half the entire land described and conveyed under the lease aforesaid. TO HOLD the same UNTO AND TO THE USE of the said BB, his heirs, executors and assigns for all the residue of the said term of _______ years, subject to the rent reserved therein and the covenants and conditions contained in the original lease and henceforth to be observed and performed by the said BB. AND the said BB, his heirs, executors and assigns will henceforth pay the said rent hereby reserved in the manner and to the extent herein mentioned and will keep the said AA. Indemnified against all claims and demands in respect thereof.

IN WITNESS whereof the said AA. has hereto at _______signed the day and the year first abovementioned.

Witness:

Sd. AA,

Seller.