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Affidavit 7

This affidavit details the transfer of a property/building from a lessor to a lessee. It states that the lessor will abide by relevant property transfer laws and that there are no legal or financial issues with the property. It also specifies that the lease has 25 years remaining, the lessee cannot sublease the property, and the lessee will be responsible for taxes going forward. Both parties agree to the terms of the transfer and verify the facts in the affidavit.

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Saxena Mumbai
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174 views1 page

Affidavit 7

This affidavit details the transfer of a property/building from a lessor to a lessee. It states that the lessor will abide by relevant property transfer laws and that there are no legal or financial issues with the property. It also specifies that the lease has 25 years remaining, the lessee cannot sublease the property, and the lessee will be responsible for taxes going forward. Both parties agree to the terms of the transfer and verify the facts in the affidavit.

Uploaded by

Saxena Mumbai
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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AFFIDAVIT-7

For transfer of private Property / Building


(under the Transfer of Property Act, 1882)

Institute shall download portal generated common affidavit as per application. The same should be printed
on Non-Judicial Stamp Paper/ E-Stamp Paper of ₹100/- and upload over portal after duly Sworn before a
First Class Judicial Magistrate or Notary or an Oath Commissioner.
I/ We, <name>, Chairperson/ Secretary, <name of the Society/ Trust/Company>, son / daughter
of ……… aged ……………., resident of …….., (Lessor) do hereby solemnly affirm, state and undertake to
hand over the possession of my/ our Property/ Building No… (detailed address of the Property/ Building ) to
(Lessee), <name>, Chairperson/ Secretary,<name of the Trust/Society/Company>, to run a Technical Institution
(name and address ) as under:-
1. I/We will abide by all the provisions contained in the Transfer of Property Act, 1882 or any other Law for the
time being in force relating to transfer of Property/ Building to or by Companies, Associations or bodies of
individuals while transferring the aforesaid Property/ Building to the Lessee;
2. That there are no legal issues pending with regard to this property before any court of Law hampering the
transfer of this Property/ Building to the Lessee;
3. That the lease of Property/ Building is irrevocable for 30 years of which 25 years is still live;
4. That there are no financial liabilities against this Property/ Building before transfer of the same to the
Lessee;
5. That both the Lessor and Lessee shall abide by the Local Municipal Laws and other Laws of the Land
relating to this Property/ Building;
6. That the Lessee shall not have any right to sub-lease this Property/ Building to any other entity/person;
7. That henceforth, the Lessee shall be liable to pay all the taxes of this Property/ Building under the different
Local Municipal Laws and other Laws of the Land; and
8. That the facts stated in this Affidavit are true to our knowledge. No part of the same is false and no material
has been concealed there from.
Names of both the parties (Lessor and Lessee) or their authorized persons executing the undertaking.
LESSOR
LESSEE
DEPONENT(S)

VERIFICATION
I/ We, the above named deponent(s) do hereby verify that the facts stated in the above affidavit are true to my/
our knowledge. No part of the same is false and no material has been concealed there from.
Verified at < name of the place> on this the <date>.
LESSOR
LESSEE
DEPONENTS
Solemnly affirmed and signed before me by the deponents on this – day of – month, year ... at my office.
(Judicial First Class Magistrate/ Notary Public/ Oath Commissioner)

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