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 ..
What increase do nationalized banks give after 5 years?
Can one put its terms in the lease deed to been executed. Bank officials say they have a standardized lease and nothing can be changed to it.
What remedy/ reply to can i give to bank on the above;
What increase do nationalized banks give after 5 years?
Can one put its terms in the lease deed to been executed. Bank officials say they have a standardized lease and nothing can be changed to it.
What remedy/ reply to can i give to bank on the above;
kavksatyanarayana
(Expert) 18 February 2016
A Lease deed be executed between the lessee (Bank) and the Lessor (owner) for a term of 15 years with terms and conditions. if mutually agreed by both parties, the lease period can be renewed otherwise the lessee shall vacate the building as it is and it should be registered.
Rajendra K Goyal
(Expert) 19 February 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Bank-lease-agreement-585286.asp#.VsawwPl97IU
http://www.lawyersclubindia.com/experts/Bank-lease-agreement-585271.asp#.Vsawz_l97IU
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
