Common use of COMMENCEMENT, DURATION AND TERMINATION OF LEASE Clause in Contracts

COMMENCEMENT, DURATION AND TERMINATION OF LEASE. 3.1 The Lease has been granted for a period of months/ years, effective from (commencement date) to (termination date). However, the said period can be further extended as mutually agreed between the parties subject to an increase of % in monthly rent on each subsequent renewal at the last rent paid otherwise the premises shall be vacated by the Lessee after the expiry of the said lease period. 3.2 The Lessor has agreed to put the Lessee in actual physical possession of the entire schedule property on the 3.3 In case, if the period of lease is extended for a further period as mutually agreed between the parties on the terms and conditions as per this Agreement, then a fresh Lease Agreement shall be executed. 3.4 In the event of the Lessee committing consecutive default in payment of rent hereby reserved or committing breach of any terms and conditions of this Agreement of lease, the Lessor shall terminate the tenancy of the Lessor, irrespective of the remaining period of lease stipulated in this lease Agreement.

COMMENCEMENT, DURATION AND TERMINATION OF LEASE. 3.1 The Lease has been granted for a period of months/ years, effective from (commencement date) to (termination date). However, the said period can be further extended as mutually agreed between the parties subject to an increase of % in monthly rent on each subsequent renewal at the last rent paid otherwise the premises shall be vacated by the Lessee after the expiry of the said lease period. 3.2 The Lessor has agreed to put the Lessee in actual physical possession of the entire schedule property on the 3.3 In case, if the period of lease is extended for a further period as mutually agreed between the parties on the terms and conditions as per this Agreement, then a fresh Lease Agreement shall be executed. 3.4 In the event of the Lessee committing consecutive default in payment of rent hereby reserved or committing breach of any terms and conditions of this Agreement of lease, the Lessor shall terminate the tenancy of the Lessor, irrespective of the remaining period of lease stipulated in this lease Rent Agreement.