LAHORE STOCK EXCHANGE (GUARANTEE) LTD. versus HAJI IJAZ AHMAD MIRZA
Sections 12 and 42 of the Contract Act (IX of 1872), the lease agreement declaration and the section 10 suit for specific performance, a lease agreement clause that renews the lease on the expiration of the 11-month period on 31 March 2008. There are two more terms of the same period. If both parties mutually agree, a written notice was sent to the defendant on 5 6 2009 requesting that the premises be vacated by 25 7 2009 as the plaintiff leases for a further period of 11 months. Disapproved for renewal The claimant's request was to include such clause in the agreement. The two terms for renewal of the lease by the parties themselves were raised on 31 7 2008 after the expiration of the initial period. The plaintiff plaintiff has not claimed that any other renewal agreement has been implemented to extend the lease term between the parties. Each party may not be compelled to enter into a contract agreement or agreement within 11 months, if made independently by the parties, will have the status of an enforceable agreement. It was sufficient to prove that the plaintiff did not intend to continue the lease after the expiry of 11 months, w renewable after 31 ing 2009 as used in the lease agreement as not renewed. Will be Due to this clause, the lease will not automatically renew for two more terms after its initial expiration.
Related judgments — Lahore High Court Lahore, 2012
