This agreement is between Mr. Sunil Kumar as the licensor and Mr. Abc as the licensee. The licensor agrees to allow the licensee to use flat no. 206 on the 2nd floor of Prachi Orchid in Patna on a leave and license basis for 11 months starting April 1, 2017. The licensee will pay a monthly rent of Rs. 13,000 in advance by the 1st of each month. The agreement specifies the terms regarding possession, subletting, maintenance, termination, security deposit refund and electricity charges. An inventory of furniture and materials provided to the licensee is also included.
This agreement is between Mr. Sunil Kumar as the licensor and Mr. Abc as the licensee. The licensor agrees to allow the licensee to use flat no. 206 on the 2nd floor of Prachi Orchid in Patna on a leave and license basis for 11 months starting April 1, 2017. The licensee will pay a monthly rent of Rs. 13,000 in advance by the 1st of each month. The agreement specifies the terms regarding possession, subletting, maintenance, termination, security deposit refund and electricity charges. An inventory of furniture and materials provided to the licensee is also included.
This agreement is between Mr. Sunil Kumar as the licensor and Mr. Abc as the licensee. The licensor agrees to allow the licensee to use flat no. 206 on the 2nd floor of Prachi Orchid in Patna on a leave and license basis for 11 months starting April 1, 2017. The licensee will pay a monthly rent of Rs. 13,000 in advance by the 1st of each month. The agreement specifies the terms regarding possession, subletting, maintenance, termination, security deposit refund and electricity charges. An inventory of furniture and materials provided to the licensee is also included.
THIS MEMORANDAM OF AGREEMENT made this 1st of April, 2017
BETWEEN Mr.Sunil Kumar, S/o Ram Kishore Prasad, Residing at C/OSri Sadasheo Prasad Sinha, S.R.P. Market, Lalkothi, Danapur Cantt.., Patna - 801503, Bihar, hereinafter called the LICENSOR (which term shall unless repugnant or contrary to the context hereof be deemed to include its successors in interest legal representatives and assignees) of the ONE PART :
AND
Mr.Abc, s/o Abc permanent address at .,Driving Licence No.
hereinafter called the LICENSEE (which term shall unless repugnant or contrary to the context hereof be deemed to include his heirs, administrators, executors and legal representatives) of the OTHER PART . AND WHEREAS the Licensee has approached licensor with the proposal to allow them to use the flat no. 206, 2nd Floor at Prachi Orchid , Near Pushpanjalli Kunj, Ashiyana Digha Road , Patna 800025, Bihar on leave and license basis. AND WHEREAS the Licensor has agreed to the aforesaid proposal of the licensee and has accepted the same. AND WHEREAS for future reference and to avoid any misunderstanding the said terms and conditions are recorded hereunder as follows :- NOW THIS MEMORANDUM OF UNDERSTANDING WITNESSETH AS FOLLOWS :- 1) The Licensor hereby inducts the Licensee into the said premises for a period of 11 calendar months commencing on and from the 1st day of April 2017 on a monthly rent of Rs. 13,000/-to be paid in advance within 1th day of each month. 2) The Licensor hereby allow the Licensee to use premises as specified in AnnexureI on leave and license basis. 3) The Licensor shall give and handover semi-furnished peaceful and lawful possession of the said premises to the licensee and the licensee shall be entitled to retain possession thereof till the expiration of its period of license upon which it shall duly handover vacant and peaceful possession of the said premises to the Licensor or his nominees. 4) The Licensee without consent of Licensor is not entitled to sublet/sublease the said premises to any another person or company. 5) The Licensee shall keep the said premises in good condition and shall deliver semi-furnished possession thereof to the Licensor on termination of the afore mentioned period of this License. However, the Licensee may also redeliver the possession of the said premises to the Licensor earlier than the date fixed for the termination of the license under these presents. 6) The Licensee shall keep all the fixtures & electric fittings (List enclosed) etc. in good running condition and shall pay all charges duties taxes that may in law be payable by it or imposed in respect of the said premises of which the Licensor is not necessarily bound to pay. 7) In the event the Licensee fails or omits to pay rent as it accrues due or omits of fails to carry out the obligations mentioned in these present, the Licensor may terminate the license and resume possession thereof. 8) The Licensee hereby covenants that it shall keep the said premises and the fittings and fixtures attached thereto in a proper state of repair at its own cost during the currency of this license. 9) The Licensee or the Licensor has the option to terminate the ongoing license before the expiration of the period of license and in the event either the license or the licensor has to give two calendar months notice to the licensor or to the licensee in writing intimating her or him intention to do so. On expiry of the notice period the licensee shall deliver the possession of the said flats to the licensor in vacant and good identical condition and the licensor shall then refund the amount paid earlier as security deposit. 10) Refund will be made only after settlement of the electric bill till the last date of occupancy. However if the electric bill is not received at time of vacating the flat, a proportionate amount shall be kept with the licensor from security deposit. In this case after adjustment or settlement of final electric bill and maintenance of furniture and materials given to the licensee , balance amount, if any, shall be refunded. 11) If the licensee wants to continue and renew the license , then rent amount will be increased by 10%. 12) Electricity bill will be charged at Rs 10/- per unit. FURNITURE & MATERIALS GIVEN TO THE LICENSEE :- 1) Bed 1 2) Coart 1 3) Side Table 2 4) Fan 4 5) T.V. 1 6) A.C. Split A.C. 7) Sofa 3 ( 1 big, 2- small) 8) Center Table 1 9) Water Purifier 1 10) Led lights ( Ceiling ) 33 11) Led Bulb lights 7 12) Fridge 1 13) Cobb Light 15 14) Curtains 12