Download as docx, pdf, or txt
Download as docx, pdf, or txt
You are on page 1of 6

LEASE AGREEMENT

This agreement of lease executed at Tirupati on Wednesday 1 st April 2015


between Mr.B.Nandagopal,S/O.B.V.Krishnaiah,residing at Door.No : 18-7-45,First
Floor,1st portion prashanthi Nagar,Khadi Colony,Tirupathi,Chittoor District,Andhra
Pradesh,hereinafter called the LESSOR which term shall mean and include
himself his heirs,executors,administrators,legal representatives and assigns of one
party.
M/S.EAST WEST PHARMA a Proprietorship Company represented by its
Proprietor Sri.B.B.Mohan Kumar,S/o.Late Balaraman Chettiar,residing at No:10,2 nd
Cross Street, Maravanery,Salem-636007,Tamil Nadu,hereinafter called the
LESSEE which term wherever the context so admits mean and include his
heir,legal representatives,administrator,executors and assigns witness as follows.

WHEREAS the LESSOR is the absolute owner of the premises bearing


Door.No:18-7-45,Prashanthi Nagar,Khadi Colony,Tirupati,Chittoor District,Andhra
Pradesh.
Whereas the LESSOR has agreed to grant to the LESSEE and the LESSEE
had agreed to accept from the LESSOR approx 700 Sq.ft.building as office and for
Pharma Distribution purpose by the LESSEE and whereas the LESSOR agreed to let
out said premises to the lease on a monthly rent Rs.2000/-(Rupees Two Thousand
only) and advance of Rs.7,500/-(Rupees Seven Thousand and Five Hundred only)
subject to the terms and conditions hereinafter contained.
NOW THIS DEED OF RENTAL AGEEMENT WITNESSETH AS FOLLOWS
1. The Lease is Pertaining to the Door.No:18-7-45,First Floor, Prashanthi
Nagar,Khadi
Colony,Tirupati,Chittoor District,Andhra Pradesh,for a
period of 5 year from this day and the same is renewable at the option of the
LESSOR and LESSEE on every completion of 5 years.

2. The lease is according to the English calendar month and the rent per month
for the said premises is Rs.2000/-(Rupees Two Thousand only)
3. A Sum of Rs.7500/-(Rupees Seven Thousand Five Hundred Only) is paid today
by the LESSEE to the LESSOR,being the advance amount by Cash.
4. The LESSEE shall pay the above said rent to the LESSOR or to the
authorized agent on or before 5 th of every succedding month according to the
English Calendar.
5. The LESSOR shall provide separate EB meter for LESSEE and the LESSEE
will pay the monthly Electricity consumption charges as per the EB bill to the
authorities concerned.
6. The said premises is leased out for office and for Pharma Distribution Purpose
in the name of M/S.EAST WEST PHARMA the LESSEE and the said
premises shall not to be used for any other purpose that are prohibited by
central and State Government.
7. The LESSEE shall not sublet,underlet,assign or transfer his right of tenancy
to any other person.

8. The LESSEE shall not carryout any alteration but with written permission
from the LESSEE can carryout any simple repair at his own cost.Any painting
or white washing if nedded the same shall be met by the LESSOR.
9. If LESSEE fails to pay rent for three consecutive months,the LESSOR shall be
entitled to terminate the lease forthwith which event the LESSEE shall quit
and deliver vacant possession of the said premises immediately and similarly
three months clear notice shall be given by both the parties for termination of
the lease agreement.
10.The lease shall commence from 1 st April 2015 and shall be in force a period
of 5 year from that day.The same shall be renewed every five years.
11.The LESSOR shall pay all taxes,revenue and such other Government dues
etc.,in respect of the said premises.
12.The LESSEE shall not allow store of allow any items contra banded by Central
and/or State Governments.
13.The LESSEE shall permit and give access to the LESSOR or his authorized
agents and allow to enter the said premises to check and to inspect the
condition of the said premises at all reasonable times.

14.The LESSEE shall quietly and peacefully possess and enjoy the said premises
on paying rent hereby reserved periodically without any delay or default and
observing and performing the conditions herein contained during this lease
term without any disturbance or interruption to the LESSOR or to the
neighbors.
15.The LESSEE shall not cause any acts of waste in the demised premise which
may materially affect the utility of the building and shall not be nuisance to
the LESSOR or the neighbors.
16.The LESSEE should handover the leased premises in the same condition to
the LESSOR on completion of the lease period i.e.,five years from the date of
lease or renewed lease period/s.
SCHEDULE
Door.No:18-7-45,First
Floor,Prashanthi
District,Andhra Pradesh

Nagar,Khadi

Colony,Tirupati,Chittoor

LESSOR

Witness
1.
2.

LESSEE

You might also like