Surrender Of Leased Flat
This deed of surrender of lease is made on this ……………… day of ………………... Between
AA & Co. Ltd. having its registered office at..........................................
Chennai, who has taken on rent flat No…… situated at sector at Salem
(hereinafter called tenant) of the one part and Mr. BB , the owner of that flat
( hereinafter called the owner) of the other part.
And whereas the owner asked the tenant for vacating the said flat on several
reasons and a case under Rent Act for vacating said flat on reasonable needs is
pending.
And whereas the tenant having fully considered the request of owner and
has consented the request of owner to evade further litigations and
complications.
Now hence this deed witnesseth and the parties hereby consent as
below:
1. The said owner hereby declares that he still fully owns the said flat and
bear right to receive on surrender of said flat by the tenant possession
thereof and give absolute discharge to the tenant from all liabilities
whatsoever relating the said flat.
2. The owner declares that there is no arrears of rent, electricity bills
or any other claims relating the said flat and all dues payable by the tenant
up to and including the ........................ were received and the security
deposit has been adjusted and refunded.
3. The owner hereby records and confirms that he has received quiet,
peaceful and vacant possession of the said flat free from all encumbrances with
all fixtures and furniture having same good condition and order in which the
same tenanted flat was let out to said tenant.
4. The owner hereby records confirms and declares that neither party has paid
to the other any amount per indemnification or otherwise and this is being
executed in consideration of avoiding any further litigations and
expenses.
5. The parties declare and consent that in consideration of aforesaid the
tenant has delivered vacant and peaceful possession of the said flat with all
furniture’s and fittings and the owner has received delivery thereof including
the keys of the said flat and taken vacant possession of the said flat along
with all furniture and fittings in same good condition in which the said flat
was leased to the tenant after removing all the articles and things relating to
the tenant.
6. It is declared that neither party has any claim against the other in
relation of said flat and the owner undertakes to withdraw the case under Rent
Act.
7. The owner hereby releases favouring the tenant the whole security
deposit of Rs. 25,000 per Demand Draft bearing No.......... etc. the receipt of
which the tenant hereby acknowledges.
8. Each party hereby releases the other from all liabilities emerging
under the said tenancy Agreement and any extension and/or alteration thereof
and/or in respect of said flat.
9. The owner hereby undertakes and declares to keep the tenant fully
compensated against and without harm from any action, proceedings, expenses,
charges, costs and claims of whatsoever type in respect of said flat first
above stated for delivering vacant and peaceful possession of the said flat to
the owner for whatsoever reason or cause of action.
In witness whereof the parties hereto have executed this Deed on the day,
month and year first above-written.
Signed, sealed and delivered by Mr................................... duly
authorised by AA & Co. Ltd. on this ….. October, 2003
Signed and delivered by Mr. BB on this …..day of November, 2003.
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