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;
SURESH BV, Advocate
(Expert) 18 February 2016
Dear TS,
Getting Affidavit is not the solution. Get the Lease Agreement registered.
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
Get the lease terms finalized through your lawyer and get the duly executed lease deed registered.
Rajendra K Goyal
(Expert) 18 February 2016
Repeated query:
http://www.lawyersclubindia.com/experts/Bank-lease-agreement-585271.asp#.VsWnP_l97IU
