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Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
Stamp paper is not included with this agreement and is for illustration purposes only. If e -stamp is applicable in your city you can order it during checkout.
SUPPLEMENTARY DEED ALTERING TERMS OF THE LEASE DEED
THIS SUPPLEMENTARY DEED made at??????.on the??????.day of??????.20??????.BETWEEN A, son of??????.resident of.............(hereinafter called "the Lessor") of the ONE PART and B, son of??????. resident of??????.(hereinafter called "the Lessee") of the OTHER PART.
WHEREAS
(1) By a Lease Deed made at??????.on the??????.day of??????.20 ??????. BETWEEN the Lessor of the ONE PART and the Lessee of the OTHER PART (which said Lease Deed has been registered with the Sub-Registrar of Assurances at ??????. on the.................day of??????.20 ?..as Document No ?????. in Book No??????. Volume No . ??????.at pages No................. to???and is hereinafter referred to as "the said Principal Lease Deed"), the Lessor demised unto the Lessee the premises on the terms and conditions mentioned in the said principal lease deed.
(2) The parties hereto have agreed that the said principal lease deed be modified in manner hereinafter appearing.
NOW THIS DEED WITNESSETH AS FOLLOWS:
(1) Sub-clause ( ????..) of clause??????.of the said principal lease deed shall cease to have effect.
(2) The following sub- e deed.
(3) The annual rent reserved by the said principal lease deed shall be increased from Rs . ?? to Rs??????. .
(4) The, term of the lease granted by the said principal lease deed shall be further extended for a further period of ??????.years commencing from
(5)Save as hereinbefore modified, the said principal lease deed shall continue in full force and effect
(6) This deed shall be executed in duplicate. The original shall be retained by the Lessor and the duplicate by the Lessee.
(7) The stamp duty and all other expenses in respect of this deed and duplicate thereof shall be borne and paid by the Lessee.
IN WITNESS WHEREOF, the Lessor and the Lessee, have put their respective. hands on the original and duplicate thereof the day and year first hereinabove written.
WITNESSES
Signed and delivered by the within named Lessor A
Signed and delivered by the within named Lessee B
Guidelines for Drafting a Supplementary Deed Altering Terms of the Lease Deed
A Supplementary Deed is a legal document used to modify or add terms to an existing lease deed, providing flexibility to adapt to changing circumstances without the need for a completely new agreement. It is commonly used in both residential and commercial real estate leases. Here are key considerations when drafting such a deed:
Title and Reference: Clearly label the document as a "Supplementary Deed" and reference the original lease deed by date and parties.
Modification Details: Clearly state the modifications or additions being made to the original lease, including changes in rent, lease term, or any other terms.
Execution: Ensure the supplementary deed is signed and dated by all parties involved, including the lessor and lessee, to make it legally binding.
Consent: Confirm that all parties involved consent to the modifications and understand the implications of the changes.
Effective Date: Specify the effective date of the supplementary deed, which may be different from the original lease deed's commencement date.
Common Mistakes to Avoid:
Inconsistent Language: Ensure the language used in the supplementary deed is consistent with the original lease deed to avoid confusion.
Omission of Terms: Include all modified or additional terms in the supplementary deed to prevent disputes over omitted provisions.
Lack of Legal Review: Consult with an attorney experienced in real estate law to ensure the supplementary deed complies with local laws and regulations.
Late Execution: Promptly execute the supplementary deed after reaching an agreement to avoid potential disputes.
Failure to Notify: Inform all relevant parties about the changes and provide them with copies of the supplementary deed.
Notarization: Depending on local regulations, consider notarizing the supplementary deed to enhance its legal validity.
A well-drafted Supplementary Deed is a useful tool for parties to adapt to changing circumstances during the lease term. By following these guidelines and avoiding common mistakes, parties can modify their lease agreements efficiently while ensuring clarity and compliance with legal requirements.