ਆਪਣੀ ਜਾਣਕਾਰੀ ਭਰੋ

DEED OF TRANSFER OF LEASE RIGHTS
(Chandigarh leasehold property)

This deed is made at __________ on __________.

BETWEEN

__________, __________, of __________ (the "Transferor")

AND

__________, __________, of __________ (the "Transferee")

Where more than one person is named as Transferor or as Transferee, each of them is bound by this deed jointly and separately.

RECITALS

1. 1. TRANSFER AND PRICE

Only the lessee's rights pass. The lessor's reversion stays with the lessor, and the Transferee holds the Property subject to the lease and the Chandigarh Estate Rules as they apply from time to time.

1. 2. THE TRANSFEREE STEPS INTO THE LEASE

From the date of this deed the Transferee takes the Transferor's place under the lease. The Transferee will pay the ground rent and other charges that fall due from that date, will use the Property only for the purpose for which it was allotted, and will keep to the conditions of the lease and the Estate Rules.

The Transferee will apply to the Estate Office to have the Transferee's name recorded as lessee, and the Transferor will sign any paper the Estate Office needs for that.

1. 3. THE TRANSFEROR'S PROMISES

The Transferor promises that the Transferor is the recorded lessee with the right to transfer the Property; that the Property has not been sold, gifted, sub-let or charged to anyone else except as written in this deed; that no condition of the lease has been broken and no notice of breach is pending; and that all property tax, electricity, water, sewerage and maintenance dues up to the day of this deed have been paid.

If any earlier dues or a better claim to the Property turn up, the Transferor will put it right and make good the Transferee's loss.

1. 4. POSSESSION AND PAPERS

1. 5. STAMP DUTY AND REGISTRATION

The stamp duty and registration charges on this deed are paid by the Transferee. The deed is presented for registration to the Sub-Registrar, UT Chandigarh.

SIGNED BY THE PARTIES

Transferor: __________

Transferee: __________