LEASE AGREEMENT

This Agreement is made and entered in this 1st day of April, 2018,

BETWEEN

MD. FAZLU MIA, S/O. Md. Kobir Mia and Late Monoar Begum, date of birth-
15.09.1972 of Merulkhola, Post office: Satarkul-2941, Badda, Dhaka being the NID No.
2610482092449 is the legal owner of the premises and hereinafter referred to as the
“LESSOR”

AND

SADDAM HOSSAIN, Son of Raj Mia and Monjura Akter, date of birth- 15.11.1991 of
Village- Nijam Uddin’s House, Jolarpar Noagaon, Lostimanika, Post office: Meghna-
3515, District: Comilla being the NID No. 199119117571000075, proprietor of Paltan
Auto Mobiles hereinafter referred to as the “LESSEE”

SCHEDULE OF PROPERTY

WHEREAS the LESSOR has represented that he is the absolute owner of the land in
possession measuring 3 (three) Katha at 71/1/F, Progoti Soroni, Moddho Badda, Dhaka-
1212.

AND WHEREAS leased to LESSEE under a LEASE dated 1st of April, 2018, the term of
which is to expire 31th March, 2028, upon terms and conditions upon hereinafter
appearing

TERMS AND CONDITIONS

1. That the lease shall be for a period of 10 (ten) year ie from 1 st of April, 2018, the term of which is
to expire 31th March, 2028 the date on which the lease will expire automatically or otherwise
earlier by default due to non payment of rent in time or on termination for reason not abiding/full
filling obligations as appeared/stipulated in the agreement of this lease document. On expiry, the
lease may be renewed at the opinion of the LESSOR only and on fresh terms and condition; if the
extension of lease is agreed upon, the rent will be revised by a signed letter of Agreement between
the LESSOR and the LESSEE. The monthly rent would be paid regularly by 5 th of the each current
month. For any unauthorize occupation beyond the expiry date as stipulated in this agreement or
for any unauthorized occupation due to default for non payment of rent on due date as stipulated in
this agreement the rent control ordinance 1991 will be applicable.
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 a. The monthly rent for the space will be TAKA 25,000/- (Twenty five thousand) per
month and Additional TAKA 5000/-(Five thousand) per month will be charged as
common service for security, water bill and electricity bill.
b. An amount of TAKA 2,00,000/- (Two Lacs) will be paid by the LESSEE as a
security deposit.
2. That all payment will be made to the LESSOR by cash.
3. That the agreement will be effective from 1st of April 2018.
4. That the lease agreement may be terminated by either part by giving 90 days written notice by
regular registered post. In case if the LESSEE intends to renew the agreement, the LESSEE shall
inform LESSOR for such intension by registered post at least 3 months ahead of the lease expiry
date. The fresh lease deed as agreed by LESSOR shall be executed at least 60 days before expiry
of the existing lease expiry date as in this agreement. The extension is entirely at LESSOR’s
opinion and on fresh terms and conditions.
5. The LESSOR will not be responsible legally, financially, or socially etc. for any loss/damage due
to use of the space for unauthorized purpose.
6. The LESSEE shall not use the premises for any objectionable or subversive, or offensive trade or
business or any unauthorized purpose.
7. The LESSEE will not insist on any more amenities in his/her premises other than existing one.
8. The LESSEE with consent of the LESSOR may do any improvement required and shall not
temper/remove at the time of agreement expiry. The LESSEE will refax those at his cost in
original position. The LESSEE shall permit the LESSOR or any of his agents or representative to
enter upon the said premises for inspection as and when necessary, as requested by the LESSOR.
9. Any problem of the premises the LESSEE shall inform the Care Taker/ equipment maintenance
manager/ LESSOR regarding the problem so that the problem can be solved.
10. That the LESSEE shall abide by request and instruction by the LESSOR. The LESSEE will
promptly and regularly pay utility and other bills by 5 th of the current month. Failure to do so, the
utility services will be reluctantly stopped/disconnected by the LESSOR on 10 th day of the current
month.
11. The LESSEE will keep water tap close after use and at close of office check the tap close to
economies water use and also change immediately any faulty water tap.
12. The LESSEE hereby convents with the LESSOR as follow:
a. To use demised premises for facilities as intended.
b. To maintain and upkeep all sanitary and electric fittings and fixtures.
c. Not to effect any structural alternation and addition to the demised premises without the prior
written permission of the LESSOR, except that the LESSEE shall from time to time be
entitled to fix and fit such additional fixture and fittings with permission of LESSOR and to
be removed by the LESSEE after the expiry of the terms of the lease and the LESSEE duly
restoring of making good any damage caused thereby.
d. To maintain the premises at the standard existing at the time taking over and to return the
premises to the LESSOR at the end of the lease period in a similar standard.
e. To yield up the demised premises on the expiry of them term of the lease in good condition
and put the LESSOR in vacant possession thereof.
f. The restoration work shall be performed ahead of the lease expire date, otherwise actual cost
(calculate at market price) will be deducted from security money. Also twice of rent rate for
extra period required for restoration etc will be deducted from security money.
g. The LESSEE will pay VAT on rented space or any other taxes imposed by government time
to time on LESSEE.

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 13. The LESSOR hereby convent with the LESSEE as follows:
I. To pay municipal holding tax, ground rent (Khazna) in respect of the demised premises.
II. To maintain in good workable conditions of water, gas and electrical external supply lines to
the demised premises up to the standard level. The LESSEE will have to accept the supply
situation and the reality without any complain.
III. That the LESSEE paying the rent and utilities bill and observing the terms and condition of
the lease may peacefully and quietly hold and enjoy the demised premises during the terms
without any interruption or disturbance from the LESSOR any other person claiming or
providing title tantamount to the LESSOR..
IV. The LESSOR shall ensure the security of the premises.
14. In the event of any dispute of difference between the parties hereto in respect or the
interpretation of any of the clauses herein contained of the meaning of any the terms hereon
of as regards the rights and liabilities accruing to the parties by virtue of these presents the
matter shall be referred to the arbitration in Dhaka of two arbitrators one to be appointed
by each party and in the event of their disagreement to the decision, and umpire will be
appointed by such arbitrators before entering upon the reference and the arbitrators and
umpire as the case may be shall proceed to arbitrate in accordance with provisions of the
arbitration act 1994 or as modified case and the rules there under and/or any statutory
modification thereof for the time being in force and any award make by the arbitrations of
the umpire as the case may be shall be final and binding on both the parties.

IN WITNESS WHEREOF, this document contains 3 (three) pages and the parties
hereto have executed this Agreement on the date first above written.

WITNESS: LESSOR

1. MD. FAZLU MIA,

of Merulkhola, Post office: Satarkul-
2941, Badda, Dhaka

2. LESSEE

SADDAM HOSSAIN,
of Village- Nijam Uddin’s House,
Jolarpar Noagaon, Lostimanika, Post
office: Meghna-3515, District:
Comilla

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