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    Agreement For Cancellation of Lease Deed

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    Sunil beniwal

    Copyright:

    © All Rights Reserved
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    Agreement For Cancellation of Lease Deed

    Uploaded by

    Sunil beniwal
    139 views6 pages

    Original Title

    AGREEMENT FOR CANCELLATION OF LEASE DEED

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    Download as docx, pdf, or txt
    139 views6 pages

    Agreement For Cancellation of Lease Deed

    Uploaded by

    Sunil beniwal

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    AGREEMENT FOR CANCELLATION OF LEASE DEED

    This agreement for cancellation of existing Lease Deeds (hereinafter referred as


    “Cancellation Agreement”) is made at Gurugram on this_____day of April, 2022
    between, Mr. Amit Bhatia s/o Sh. Sharwan Kumar Bhatia R/o House No. 228.
    Rajouri Apartment, Rajouri Garden, New Delhi through his Power of Attorney Sh.
    Sharwan Kumar Bhatia s/o of Late Sh. Shiv Lal Bhatia R/o House No. 228.
    Rajouri Apartment, Rajouri Garden, New Delhi hereinafter called the ‘FIRST
    PARTY’ (which expression shall always mean and include unless it be repugnant
    to the context or meaning hereof, its administrators, executors, successors and
    assigns).

    AND

    M/s Corporate Suites, having its Head Office at 5th Floor, Augusta Point, Sector-
    53, Golf Courseroad, Gurugram – 122002, Haryana through its proprietor Mr.
    Ranjan Sharma s/o Late Sh. C.P. Sharma hereinafter called the ‘SECOND
    PARTY’ which expression shall wherever the context or meaning so requires or
    permits be deemed to include their heirs, successors, legal representatives and
    assigns).

    AND

    M/s Nihon India Service Private Limited, having its Registered Office at Unit -L-
    11/02, DLF Phase- II, Gurugram – 122001, Haryana, through its authorized
    signatory Mr. Karan Singh who has been authorized vide Board Resolution
    dated__ which has been annexed herewith as Annexure A hereinafter called as
    ‘Third Party’ which expression shall wherever the context or meaning so requires
    or permits be deemed to include their heirs, successors, legal representatives and
    assigns).
    WHEREAS the First Party is absolute and exclusive owner of Flat bearing No. D-
    291, 29th floor, Tower- D, Park Place, DLF City, Phase- V, Gurugram, Haryana-
    122002, consisting of Three (3) bedrooms with attached bathrooms, Servant room
    with total area of approximately 2283 sq. ft. along with Two (02) car parking space
    PS/D004 & PS/D005, (hereinafter called the ‘Demised Premises”);

    Whereas previously the First Party and Second Party had executed a lease deed
    dated 01st June 2020 for a period of 11 months starting from 01 st June 2020 to 30th
    April 2021 and subsequently from 01st May 2021 to 31st March 2022 hereinafter
    referred as (“First Lease Deed”)

    WHEREAS under the First Lease Deed dated 1 st June 2020 has expressly
    conferred the right on the Second Party to sub-let the Demised Premises only for
    purpose of residential accommodation.

    WHEREAS the Second Party had sub-let the Demised Premises in favour of the
    Third Party through a separate lease deed dated 01 st April 2021 for period of 11
    months till 31st March 2022 (hereinafter referred as “Sublease Deed”)

    WHEREAS accordingly the lease tenure of the First Lease Deed dated 1 st June
    2020 and Sublease Deed dated 1st April 2021 were to expire on 31st March 2022.
    WHEREAS Second Party had approached the First Party and stated that due to the
    prevailing Covid- 19 situation, Third Party occupying the Demised Premises for
    the residence of Japanese expatriate is unable to immediately vacate the same and
    consequently the Second Party is not in position to hand over the vacate possession
    of Demised Premises and need further extension of lease upto __2022.

    WHEREAS the Second Party and Third Party gave assurance and undertaking to
    First Party that no further extension would be sought by them and the possession of
    Demised Premises would be handover to First Party on ___.

    WHEREAS relying on such assurances and undertakings, the First Party had
    entered into a fresh Tripartite lease deed dated ____with Second Party and Third
    Party (herein referred as “Tripartite Lease Deed”) and agreed to further extend
    the lease till ___2022 on such terms & conditions as mentioned in Tripartite Lease
    Deed.

    WHEREAS it was agreed between the parties that upon the expiry of the term of
    the lease or on its earlier termination/forfeiture, the Second Party shall hand over
    the vacant and peaceful possession of the Demised Premises to First Party.

    WHEREAS it was agreed between the First Party and Second Party that in case of
    any breach of terms & conditions of Tripartite Lease Deed the First Party shall be
    entitled to terminate/forfeit the lease even prior lease period after serving 15 days
    notice in writing upon the Second Party and in such event the First Party shall have
    the right to re-enter the premises.

    WHEREAS it was agreed between the all the parties under Tripartite Lease Deed
    that the First Party shall not be bound by any other terms and conditions,
    arrangement made between the Second Party and Third Party.

    WHEREAS under this Cancellation Agreement, it is agreed between all the parties
    that all the existing lease deeds and/or sublease deed as the case maybe among the
    parties regarding the Demised Premises stand revoked, cancelled, terminated on
    the date on execution of this agreement and fresh agreement has been created vide
    this Cancellation Agreement on terms & conditions contained herein. All the
    previous Lease Deeds, Agreements earlier made between the parties prior to
    execution of this Cancellation Agreement stand cancelled for all the intents and
    purposes.

    WHEREAS all the parties agrees that in case of any dispute between the parties of
    any nature, the courts at Gurugram alone shall have the exclusive jurisdiction to try
    and decide the matter.

    IN WITNESS WHEREOF this cancellation agreement has been executed on the


    date and place first mentioned above in the presence of the following witness:-
    WITNESSES:-

    1. FIRST PARTY

    Sh. Amit Bhatia through

    his Power of Attorney

    Sh. Sharwan Kumar Bhatia

    2. SECOND PARTY

    M/s Corporate Suites through

    its proprietor Mr. Ranjan Sharma

    s/o Late Sh. C.P. Sharma

    3. THIRD PARTY
    M/s Nihon India Service Private Limited
    through its authorized signatory Mr. Karan Singh

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