LEASE AGREEMENT This Lease Agreement is executed on this day of __________________ Between Shri.
__________________
s/o
________________________
R/o
____________________________________, is the rightful owner of ________________________________________,hereinafter
called
the
“LESSOR”
which
expression shall wherever the context so permits and requires mean to include him/his legal heirs, successors, legal representatives, executors, nominees and assignees of the one part AND ______________________________(Company Name), a Private Limited duly Registered
Company
having
its
registered
Office
at____________________________________________________________(Company Address), acting through its Director _____________________, duly authorized by Board Of Director in the board Meeting held on _________________, hereinafter a called the “LESSEE” which expression shall wherever the context so permits and requires mean to include its successors, legal representatives, executors, nominees and assignees of the other part Bearing No._________________________________(hereinafter called the said leased premises) And the Lessee after seeing the necessary and relevant documents of the Lessor, has accepted the Lessor as owner in respect of the said leased premises and it has also undertaken to pay the monthly rent as agreed regularly without any delay or any objection of any kind whatsoever.
WHEREAS THE LESSOR is the absolute owner of a free hold property no: _________________________________ vide conveyance deed as D. No………….., Additional Book No. ….., Volume No, ………. on pages ….. to ….. dated ………………, in the Sub-Registrar’s office, New Delhi. In witness presents the tenant has taken the Premises on rent on the following terms and conditions:-
1.
That the Lessee shall pay the monthly rent of Rs. (Monthly Rent) to
lessor payable in advance every month by cash/cheque/NEFT/RTGS on or before the 7th day of each English calendar month, after deducting the TDS. 2.
The Lesse has already deposited an amount of Rs. (Security Money)
throught Cheque no ………...bank ………. Dated …………. as an interest free security deposit which shall be refunded only on handling over the peaceful
physical
vacant possession and after deducting the dues, if any,of the said leased premises to the Lessor. 3.
That the Lessee shall pay the electricity and water charges as per
respective meters of BSES Rajdhani power Ltd/DJB in the respect of the said leased premises directly to the concerned authorities and give the paid bills in original to the lessor immediately. The water bill charges to be paid as per actual usage and will be shared with existing tennnat in the building.
4.
That this Lease is granted for a period of 36 months only commencing
from ____________ to______________ .That it is agreed that after every financial year, rent will be increased by ____% of the monthly rent amount. 5.
That the Lesse shall use the said premises for the office commercial
purposes only.
6.
That the lessee hereby agrees that there shall be a lock-in-period of
_____ (months) from the commencement of this lease and that the lessee shall neither determine/terminate this lease dead nor vacate the said leased premises during the lock-in-period. It is further agreed between the parties hereto that in case the lessee is desirous of vacating the said leased premises during the lock-inperiod, the Lessee shall pay to the Lessor rent for the period remaining till the expiry of the lock-in-period.
7.
That the Lessee shall not make or erect any permanent addition or
alteration in the said leased premises without obtaining the prior written permission of the lessor , during the course of this agreement.
8.
That the Lessee shall be responsible to attend all the minor day-today
repairs such as fuses of bulbs and tubes,leakages/replacement of water taps etc. at his own cost but the major repairs shall be attended to by the lessor at his own cost. 9.
That the Lessor or his authorised agent can enter the leased premises
for inspection at any reasonable time ,after giving 24 hours notice about same.. 10.
That the Lessee shall not sublet assign or otherwise part with the
possession of the said leased premises in any manner under any circumstances. That the Lessor shall not be responsible for the goods/ machinery or any other materials or articles belonging the Lessee/Second party or any person connected with the Lessee or visiting the Lessee nor shall the Lessor be liable for any loss, damages by way of theft pilferage, fire and the Lessee may get those insured at if so desired. 11.
That if any damages is caused to any part of the Leased premises and
other installed infrastructures electricity wires, meters, sanitary fitting which belongs to the Lessor, by reason of any negligence of the Lessee and its official Directors, employees/partners, visitors or any servants or agents and in such event the Lessee hereby undertake to make good the entire loss as well as get restored and in functioning condition, the damaged things at its own cost.
12.
That the Lessor shall not be liable/responsible to pay or to help to
recover the debts, liability, loans or undertaking of the Lessee to any person / Authority/ institutions/ bank or corporate bodies or any Government Tax
authorities, any sort penalties imposed on Lessee whatsoever it shall be the sole and exclusive responsibility of the Lessee and no suit/ claim or action by any third party shall be competent maintained against the Lessor. 13.
That Lessee agrees to confine itself to the agreed area as aforesaid of
the said premises – complete first floor and shall not encroach in the other area of the premises for the conduct of its business and for storing its stock and goods. The Lessee shall be given unhindered access to the demised premises. The PLAN of the Leased Area (Which is an Integral Part of this Agreement ) is attached with this Agreement 14.
That the Lessee shall pay the taxes and impositions concerned with its
business carried on the Leased premises and Lessor shall not liable for the same.
15.
That the Lessee shall not store any inflammable material or explosive
in the said leased premises or do or omit to do any act which causes nuisance of annoyance and or violence of any applicable rules and law of civil authority including laws framed for protection of fire. Since the lease if for tenancy of first floor ,no warehousing of goods and materials will be allowed as same might weaken foundation of building. 16.
That the Lessee shall not do or cause to be done by act or activities of
illegal immoral unsocial nature in the said leased premises and also will not create any nuisance to the neighbors in any manner whatsoever.
17.
That the Lessee shall abide by all the bye-laws, rules and regulations
of the local authorities in respect of the said leased premises. 18.
That the Lessee shall be responsible to restore the said leased
premises in the same good running condition with the fitting and fixtures therein
to the lessor, on termination/expiry of this lease agreement. The Lessee agrees to deliver vacant and peaceful possession of the Leased premises on the expiry of this agreement in as good condition as it was when the Lessee obtained possession (reasonable wear and tear damages by tempest, earthquake, the military, mob violence or any other accident due to irresistible force beyond the control of the Lessee being exempted). 19.
That the lessor being owner of the said property shall be responsible
to pay MCD Property Tax . 20.
That if lessee fails to pay monthly rent as hereby agreed upon
consecutively for two months, the lessor shall forthwith terminate the lease or the lease would stand automatically terminated without any notice and the lessor shall have full authority to take over the possession. 21.
That nothing herein contained shall be construct as creating in
person, any tenancy rights in respect of the Leased premises or any portion thereof or as creating any right other than bare right to use the same as a Lessee under these presents, the intention of the parties hereto being to create a bare lease only. 22.
That on the Lessee delivering to the Lessor vacate quiet and peaceful
possession of the licenses premises on the termination of this agreement and Lessor shall refund the Lessee the interest free security deposit after adjusting the dues if any. In case Lessee fails to hand over the possession of the said premises on termination of this agreement thereof the Lessee hereby undertake to pay an additional penalty a sum of Rs. _______/- (Rupees ) per day in addition to the rent till vacant peaceful possession if the said premises is handed over to the Lessor. 23.
That any notice to be served hereunder shall sufficiently served on the
Lessee if served by registered post at its address mentioned above and shall be sufficiently served on the Lessor at his above mentioned address .
24.
That in the event of the Lessee being adjudged insolvent or in the case
of company / firm being liquidated, the lease shall stand automatically terminated and the Lesser shall enter into the demised premises to assume the possession which shall be without prejudice with the rights of the Lesser to claim/ recover its dues along with interest / damages till the date of termination. 25.
That before handing over the possession of the demised premises, the
Lessee shall have the right to take away its movable assets including any equipments, fixtures, fittings belonging to the Lessee from the demised premises without causing any damage to the demises premises or any part thereof, and the cost of such damages (if any) shall be adjusted from the security deposit.
26.
That the Lessee shall use the said Leased premises as per the master
plan and zonal plan of the Delhi and there shall be no deviation from its use. And the Lessee hereby undertake to take all necessary permission and trade Licenses from the concerned department/ authorities as applicable. 27.
In case of any dispute between the parties in connection with the
aforesaid lease agreement, if any, will be subject to Delhi jurisdiction of courts of law at New Delhi only.
IN WITNESSES whereof both the parties have signed this deed on the date, month and year, aforementioned agreement. WITNESSES –
LESSOR
1. 2.
LESSEE
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