Amendment status not verified — confirm the current text below against the official source.
Subject and Duration of Lease Agreement 3.1 The Land owner - Lessor -transfers and the Lessee-Cultivator accepts the following land parcel for lease for agriculture and allied activities: Survey No. ________________________________________________________________ Extent/Area: ________________________________________________________________ Situated in: (Village/Mandal/District) ___________________________________________ __________________________________________________________________________ Bounded by North : South : East: West : 3.2 The land parcel is leased for the duration of __________ years with a starting date of ___________ and an expiration date of_______________________, after which the Lessee-Cultivator will give up possession unless the parties extend the lease by mutual agreement. 3.3 If the Land owner - Lessor and Lessee-Cultivator mutually agree to extend the lease period, they can do so by making entries in the table in Section 3.4 of this Lease Agreement. 3.4 Agreement to extend the Agricultural Land Lease Agreement Upon expiration of the lease period described in Section 3.2, hereby the Land owner - Lessor and the Lessee-Cultivator certify that the period of the Lease Agreement is prolonged as indicated in the table below: - 8 - Ex-498/2021 I II III Lease period extended Signatures Date of Signing Number of Years and Expiry Date Lease period is extended for another ____________________ _________ day ______________ year(s), expiring on (Land owner- Lessor) of _____________ (month) _______ day of ________ (month), in in year _____________ year _________ ____________________ (Lessee - Cultivator) Lease period is extended for another ____________________ _________ day ______________ year(s), expiring on (Land owner- Lessor) of _____________ (month) _______ day of ________ (month), in in year _____________ year _________ ____________________ (Lessee - Cultivator) Lease period is extended for another ____________________ _________ day ______________ year(s), expiring on (Land owner- Lessor) of _____________ (month) _______ day of ________ (month), in in year _____________ year _________ ____________________ (Lessee - Cultivator) Lease period is extended for another ____________________ _________ day ______________ year(s), expiring on (Land owner- Lessor) of _____________ (month) _______ day of ________ (month), in in year _____________ year _________ ____________________ (Lessee - Cultivator) Lease period is extended for another ____________________ _________ day ______________ year(s), expiring on (Land owner- Lessor) of _____________ (month) _______ day of ________ (month), in in year _____________ year _________ ____________________ (Lessee - Cultivator) 3.5 The Land owner - Lessor(s) guarantees that she/he/they are the absolute owner of the land allotted under (No. of LSC) at (location) with an area ___________ 3.6 The Land owner - Lessor guarantees that the parcel is free of any encumbrances or restrictions with regard to its use for agricultural production. 3.7 The Lessee cultivator shall bear the cost of Stamp Duty and Registration.