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This deed of Lease made on
this…………. Day of …………month of the Year 2001 Two Thousand One
Between:
Kathalal Milk Producing
Co-Operative Society Limited, a Registered Co-operative Society, inhabitants
(hereinafter called “ the Leaser” in which expression are included,
unless such inclusion is inconsistent with the context, his or each of their
respective legal heirs, administrators, estates, and successors in office and
effects) of the One Part-
And
Bank of Baroda, a body
corporate established and incorporated under the Banking Companies (Acquisition
and transfer of Undertakings) Act, 1970 and having its Head Office at Mandvi,
Baroda and the Central Office at Bank of Baroda Building, 3, Walchand Hirachand
Marg, Bombay –4000038 (hereinafter called “the Lessee“ in which
expression, unless such inclusion is repugnant to the context or meaning
thereof, include its successors in office or assignees) of the Other Part-
WITNESSETH AS FOLLOWS:
(1)
In consideration of the rent hereby reserved and the performance of the
covenants on the part of the Lessee hereinafter contained, the leaser doth
hereby demise unto the Lessee all that the portion on the First Floor / and the
mezzanine floor / basement admeasuring in all 1024.13 sq. ft. of the Leaser’s
Building known as Kathalal Dudh Utpadak Sahakari Mandali and the
construction on the land situated at Kathalal (hereinafter referred to as the
demised premises) more particularly mentioned in the Schedule
A hereunder. Together with the use of the fittings and
fixtures, the water closets, lavatories and other conveniences in the demised
premises and Together also with the right for the Lessee, its
servants, employees, visitors, customers, and all other persons authorized by
the Lessee to use in common with the Leaser and the tenants and the occupiers of
other potion of the same building and all other persons authorized by the Leaser
and entrance, door ways, entrance halls, stair cases, landings, lobbies, and
passages in the said building, leading to and from the side portion hereby let
for the purpose of ingress thereto and ingress therefore To Hold the
demised premises unto the Lessee from the …….. Day of …………month of
the Year 2001 Two Thousand One for the Term of Five Years (renewable as
hereinafter mentioned) Paying therefore unto the Leaser during the said term
monthly and proportionately for any part of the month the rent of Rupees
Rs.2048/- rupees two thousand forty eight on the 1st day of each
month succeeding calendar month. The first such payment after execution hereof
to be made on the 1st Day of April month of the Year Two Thousand One –2001,
upon the conditions of the performance by the Lessee of the agreements on the
part of the Lessee hereinafter contained.
(2)
The Lessee hereby covenants with the Leaser as follows:
(A)
To pay the reserved rent on the days and in the manner aforesaid.
(B)
To pay all the existing and future rates, taxes, cess, assessments, and
all other impositions whatsoever now and hereafter charged or levied or imposed
upon the owner or occupier of the demised premises including water taxes (other
than charges if any for water consumed by meter) and to pay any and every
increases in such rates, taxes, cess, assessments, and all other impositions
whatsoever.
(C)
To pay to the authorities concerned all charges for and in connection
with gas/or electricity consumed in or upon the demised premises as shown by the
separate meter or meters thereof and to pay the rent of such meter or meters.
(D)
Subject to Clause (b) hereunder, to keep the interior of the demised
premises in good and tenantable repairs and condition (reasonable wear and tear
and damage by earthquake, tempest or other act of God or inevitable accident or
by irresistible force always excepted)
(E)
To use the demised premises for the purpose of a branch or office of the
Lessee to carry on business of banking in all its forms including a Safe Deposit
Vault / as godown etc.
(F)
To deliver up the demised premises at the end of or other sooner
determination of the tenancy together with all the leaser’s fittings and
fixture in such tenantable repair order and condition as is consistent with the
agreements on the part of the Lessee and conditions herein contained (reasonable
wear and tear and damage by earthquake, tempest or other act of God or
inevitable accident or by irresistible force always excepted).
(3)
The Leaser hereby covenants with the Lessee as follows:
(A) | 