LEASE DEED

THIS DEED OF LEASE is made and executed on this the ___ Day of _______ 2019.

BETWEEN:

Shri Dinesh Jhuria, aged about ___ years, son of _______________________ residing at “No. 7, RIDHI SIDHI,
2nd Floor, Nanjappa Road, Shanti Nagar, Bangalore - 560027, hereinafter referred to as the LESSOR which
expression unless excluded by or repugnant to the context mean and include her heirs, legal representatives,
executors, administrators, successors-in-interest and assigns of the FIRST PART.

Hereinafter referred to as the LESSOR on the FIRST PART;

AND:

1) Shri Nitesh Dangi, aged about 42, son of Shri Gouthamchand Dangi and
2) Smt Indra Kanwar Dangi aged about 41, wife of Shri Nitesh Dangi, both residing at 3A Ormes Villa Apts, No
49 Ormes Road, Kilpauk, Chennai - 600010, hereinafter referred to as the LESSEES, which term shall mean and
include his successors and assigns of the SECOND PART.

WITNESSETH AS FOLLOWS:

1. WHEREAS the terms LESSOR & LESSEES wherever the context so admits shall mean and include their
respective legal heirs, legal representatives, administrators, successors and assigns.

2. AND WHEREAS the LESSOR is the owner of the immovable property, No. 7, RIDHI SIDHI, 1st Floor,
Najappa Road, Shanti Nagar, Bangalore-560027, which is more fully and particularly described in the schedule
hereto and for convenience hereinafter to as the DEEMED PREMISES.

3. AND WHEREAS the LESSOR has offered to lease aforesaid property in favor of the LESSEES, which is
more fully described in the schedule hereunder and hereinafter referred to as the SCHEDULE PROPERTY.

4. AND WHEREAS both parties have deemed it fit that the terms and conditions so agreed to upon between
them be reduced into writing to avoid any future ambiguity.

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NOW THIS DEED OF LEASE WITNESSETH:
That in pursuance to the offer and acceptance and the rents hereinafter reserved, it is mutually agreed that

1. RATE OF RENT:
(a) The LESSEES jointly shall pay a rent of Rs. 45,000/- (Rupees Forty Five Thousand Only) (22500
each) per month to the LESSOR. The LESSEES shall remit the rents on or before the Fifth (5th) Day of every
following calendar month by way of cheque or by NEFT/RTGS.

(b) The LESSEES has remitted a sum of Rs. 5,00,000/- (Rupees Five Lakhs Only) by cheques as per
the details below:
1) On a/c of Shri Nitesh Dangi (PAN No: AACPN7699E): Cq no: 715813 dt 30/03/2019 drawn on Vijaya
Bank, Mount Road, Chennai Br for amount: Rs. 2,50,000/-
2) Smt Indra Kanwar Dangi (PAN No: AAFPI4156G): Cq no: 763873 dt 30/03/2019 drawn on Vijaya
Bank, Mount Road, Chennai Br for amount: Rs. 2,50,000/- both the above cheques in favor of Shri Dinesh
Jhuria, as interest free security deposit, the receipt of which the LESSOR does hereby acknowledge. The
Security Deposit is to be refunded free of interest at the time of the LESSEES vacating and handing over the
vacant possession of the Schedule Property.

2. DATE OF COMMENCEMENT OF TENANCY:

The tenancy shall commence from 1st May 2019.

3. PERIOD OF TENANCY:
The period of tenancy is initially for a period of Eleven Months. Extension of the period of tenancy is by
mutual consent by extending the exiting agreement or by entering into a fresh lease deed/renewal deed.

4. ENHANCEMENT OF RENT:
The lease shall be renewed on the mutual agreement of the parties under the same terms and conditions
with an enhancement of rent by 5% every 11 months on the prevailing rent.

5. PAYMENT OF UTILITY CHARGES:

The LESSEES jointly shall during their occupation as a LESSEES pay the electricity charges as per the
meter installed in the DEEMED PREMISES regularly and as and when the same shall fall due and become
payable directly to the ELECTRIC UTILITY company (BESCOM). And later, may produce on demand the
receipt to the LESSOR as evidence to prove the payment.

The LESSEES jointly shall pay the monthly maintenance charges of fixed Rs. 5000/- (2500 each) along with
the monthly rent as applicable.

6. PAYMENT OF PROPERTY TAX

The LESSOR shall bear and pay the Property Tax, rates and cesses payable to the Bangalore Mahanagara
Palike in respect of the leased premises.

7. PURPOSE OF LEASE:
The LESSEES shall use the Schedule Premises for residential purpose only.

8. OBLIGATIONS OF LESSEES:

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 a) The LESSEES shall not use the Schedule Premises so as to cause damage to the building and indemnify
the LESSOR against the loss, direct or indirect on this account. The LESSEES shall at all times keep the
LESSOR informed about the general condition and upkeep of the Schedule Premises.
b) The LESSEES shall ensure that if any damage is caused to the Schedule Premises by any third party, the
same shall be brought to the notice of the LESSOR within three days from the date of such damage.
Failure to do so the same shall make the LESSEES absolutely liable to indemnify the LESSOR the cost of
the said damage irrespective of the reasons for such damage. However, this clause shall not in any way
exclude the liability of the LESSEES if the LESSEES has also contributed to the said damage.
c) The LESSEES shall maintain the fixtures and fittings whatever is existing in good and working condition.
All repairs during the period of tenancy shall be borne by the LESSEES.
d) The LESSEES shall keep the Schedule Premises always in good condition subject to normal wear and
tear and shall not cause or suffer any damage thereto.
e) If the LESSEES fails to maintain the Schedule Premises in a good and tenantable condition as mentioned
in clause (c) and (d) above, the LESSOR has entitled to restore the Schedule Premises to its original
condition from the funds remitted as security deposit by the LESSEES. The said expenditure shall not be
reimbursed to the LESSEES.
f) The LESSEES should not assign, sub-let or underlet or otherwise part in any way with the possession or
any part thereof of the Schedule Premises to any third party during the subsistence of the lease. Such any
act would amount to breach of the terms of the lease and the lease becomes entitled for eviction from the
Schedule Premises.
g) To carry out at its own costs the day-to-day minor repairs and maintenance of the electrical fittings
provided in the SCHEDULE PROPERTY and shall not make any structural alterations or additions to the
SCHEDULE PROPERTY.
h) The LESSEES shall not use the SCHEDULE PROPERTY or permit the same to be used for any
purpose which may or is likely to cause nuisance or annoyance to the neighbors/ public nor for any illegal
or immoral purposes and shall observe all statutory laws, regulations, etc.,
i) The LESSEES shall not store in the SCHEDULE PROPERTY any goods of hazardous, explosive or
combustible nature that may cause risk by fire, explosion or goods/material, which on account of their
weight or nature may cause damage to or endanger the safety of the building.
j) The LESSEES shall not carry out any structural alterations, repairs, etc., without prior consent of the
LESSOR. The LESSEES shall not at any time demolish or cause to be demolish and/or modify or alter in
any manner whatsoever, the SCHEDULE PROPERTY or any part thereof without prior consent of the
LESSOR.
k) The furniture, fixtures, and fittings available in the DEEMED PREMISES are to be maintained or if
damaged, replaced with the identical replacements of the same quality at the time of vacating delivering
possession of the DEEMED PREMISES.

9. LESSOR’S RIGHT OF INSPECTION:

The LESSOR or their legal heirs shall be entitled to enter upon the Schedule Premises with prior
permission from the LESSEES to inspect the same to satisfy that the Schedule Premises is being used in
accordance with the terms of the Lease.

10. DEFAULT IN PAYMENT OF RENT:

In the event of the LESSEES failing to pay the rent herein reserved for a period of three months
consecutively or committing breach or any of the terms or conditions mentioned herein, the LESSOR shall be
entitled to terminate the Lease and renter upon the Schedule Premises.

11. PAINTING CHARGES:

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 At the time of vacating the premises, the tenant shall or pay one month of rent as painting charges.

13. LESSEES DOCUMENTS:

The LESSEES will provide all documents necessary to the LESSOR to complete the registration of
LESSEES as tenants as requested by the authorities.

14. TERMINATION:
Both the LESSOR and LESSEES are entitled to terminate this agreement within the agreement period by
giving two months advance notice in writing.

SCHEDULE PROPERTY

All that piece and parcel of the Flat at No. 7, RIDHI SIDHI, 1st Floor, Nanjappa Road, Shanti Nagar,
Bangalore-560027, together with fixtures and fittings, consisting of three bedrooms, four balconies, three
bathrooms, living room, kitchen with dining area, pooja room, and car/two wheeler parking.

Fittings and Fixtures:

FITTINGS & FIXTURES:

1. Fan : Nos.
2. Tube light : Nos.
3. Geyser : Nos
4. Exhaust Fan : Nos.
5. Chimney : Nos.
6. : Nos.

IN WITNESS WHEREOF, the parties to this Deed have affixed their respective signatures to this agreement at
Bangalore, on the day, month and year first above mentioned in presence of the following witnesses:

WITNESSES:
1.
LESSOR

2.
LESSEES