Bank lease agreement
E
(Querist) 18 February 2016
This query is : Resolved
HI
I am going to lease my building to a bank for 15 years after after due tendering. But there is concern in the market that even banks donot vacate the property on expiry of lease or before, if reqd and the matter goes in to litigation. Some people are also of the view that there is a affidavit which is to be signed by the LESSEE bank at the time of execution of LEASE DEED which binds BANKS TO vacate premises on expiration of deemed lease deed.
Can any one advise me the text or matter of such affidavit
Guest
(Expert) 18 February 2016
Your observation is correct. Even affidavit may not work. Authorities come and go, but the bank exists, as a company. Only personal rapport and influence with authorities at the helm of affairs or the effectively worded lease agreement work for the purpose of vacation at the time of need. Any predesigned bank lease works only in favour of the bank in all the circumstances.
Adv. Yogen Kakade
(Expert) 18 February 2016
Just go for proper Leave and license agreement, get the stamp duty and registration charges duly paid and get it registered with the office of the sub-registrar. Keep the clauses of term of the period of lease, charges, defaults, no tenancy rights and notice period thoroughly in the agreement.
Adv. Yogen Kakade
Jurycon Incorporation
Advocates & Consultants
Email: juryconincorporation@gmail.com
Web: www.juryconn.in Call: 020-65248888
Rajendra K Goyal
(Expert) 18 February 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Bank-lease-agreement-585286.asp
E
(Querist) 26 February 2016
Kindly advise , if , there is any citation by Hon'ble SC saying that banks are liable to pay taxes ie municipal taxes , any increase in muniicpzpal tax, new taxes imposed either by state or central govt from time to time
