A lease deed is a legal document outlining the terms and conditions under which one party (lessor) rents out property to another party (lessee) for a specified period. It includes details like rent amount, duration, responsibilities, and rights of both parties.
Governor is pleased to amend the clause 22.i) of lease deed format for normal lease of 30 years/ 99 years to minimize the future financial liabilities upon the State Government in the event of failure to repay the loan.