Lease Agreement for Uttarakhand
13-Aug-2023 (In Property Law)
I'm in talks with a landowner (agricultural land) in U.K. to lease his 9 acre land parcel on which I plan to construct and operate 4-5 cottages for tourism purposes
1. He along with his joint family resides on the land and plan to stay there in the future too. They will also carry on their agricultural and cultivation activities.
2. The land owners are 3 people - the landowner, his brother, their mother.
3. I plan to enter into a 20 year lease agreement - there will be an annual rental payment
on a per cottage (or room) basis.
4. He has already leased part of his land to the Government Tea-Board.
My QUESTIONS are -
1. What's the exact procedure for drafting a lease agreement? What points need
to be AND can be included in the agreement.
2. How much will a lawyer charge for drafting the agreement ? Also, how do i know if the
lawyer has done a good job & not simply copy-pasted
3. In case of agreement breach by either party - what powers does the court have?
There is no set cookie cutter mechanism for drafting lease agreement. It must be noted that a lease agreement is essentially a contract and needs to be tailor made as per the needs of the parties. Charges vary depending upon the subject matter of the lease agreement, quality of the lawyer etc. A copy paste job is very evident as it simply won't be tailor made. In case of breach, the aggrieved party has the option to sue the other and claim damages and compensation.
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I have perused your query. There is no hard and fast rule or a template for drafting lease agreement and has to be customized as per the agreed terms between the lessor and the lessee. It will be drafted in accordance with the term sheet provided by the client. Charges vary as per the experience and expertise of the lawyer and the scope of work. In case of breach of the contract the non defaulting party can avail legal remedy and claim damages and compensation. For further consultancy and legal services you may contact us.
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Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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