Agreement for Agriculture Land |
AGRICULTURE LAND LEASE AGREEMENT
This Agreement executed in duplicate, made and entered into as of this on 15th of April 2021 between “Muhammad Javed”, hereinafter called the Lessor and “Sohail Naveed”, hereinafter called the Lessees.
WITNESSTH:
Lessor and Lessees, for and in consideration of the covenant and agreement hereinafter contained, do hereby enter into the following lease agreement.
1. Lessor shall lease to Lessees commencing on 1st June 2021, a 10 Acres Agriculture Land owned by Lessor, located in “Describe complete address with Sketch of Land”
2. This lease shall be for a term of 10 years commencing on 1st June 2021, and terminating on 30th of May 2031.
3. Lessees shall pay to the Lessor the sum of Rs. 30,000 (Rupees Thirty Thousands Only) per acres per annum and 10% amount will increase after completion of 1st Year. The first payment is due on 15th of June 2021 and each subsequent payment is to be paid on or before the 15th of June of each successive year.