RENTAL AGREEMENT

THIS RENTAL AGREEMENT made at Bangalore on this 12th October 2023 BY AND BETWEEN:

Mr.Purushothama . S/o
Hari
Aged about 47 years,
Residing at No. 311, 1st main, 2nd cross
Venkateshwara layout, Bangalore 560040
Aadhar No. XXXXXX

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Henceforth referred to as the “LESSOR” (which expression shall mean and include his successors, executors,
administrator, legal representative and assigns) of the FIRST PART;

AND
Mrs. Bhavana W/o Sri
Prabhu. K.
Aged about 40 years,
Residing at # xx, , 1st floor, 16th Main
road, Nehru Nagar , okalipuram
Bangalore-560050 Aadhar No.
xxxxxxxxxxxx
Henceforth referred to as the “LESSEE” (which expression shall mean and include her successors, executors,
administrator, legal representative and assigns) of the OTHER PART.

WHEREAS:

1. The LESSOR is in lawful possession and has a clear, absolute, unrestricted title and ownership rights with respect
th th
to the premises situated at #20, 12 A cross, 19 main, Vijayanagar , Mysore 570020, consisting of
following:
• 1 BHK house in ground floor with hall, 1 bedroom, 1 bathroom and kitchen
• 2 BHK house in 1st floor with hall, 2 bedrooms, 2 bathroom with 1 attached bathroom, 1 common bathroom,
kitchen and balconies
• 3 BHK house in 1st floor with hall, 3 bedrooms with 1 attached bathroom, 2 common bathrooms, kitchen and
balconies
• Covered car parking and lift along with right to use the open and common areas

(henceforth referred to as the "DEMISED PREMISES”)

2. The LESSOR has represented to the LESSEE that the title of the DEMISED PREMISES is free from all charges,
lien, mortgages, encumbrances and imputation of any kind and the LESSOR is lawfully entitled to lease the
DEMISED PREMISES to the LESSEE.

3. The LESSOR has offered to lease out the DEMISED PREMISES for use by the LESSEE.

4. On the foregoing representations of the LESSOR, the LESSEE has accepted the offer of the LESSOR to take on
lease the DEMISED PREMISES on the following terms and conditions:

NOW THIS DEED WITNESSETH AS UNDER:

1. TERMS OF THE RENT AGREEMENT:

1.1. That in consideration of the monthly rent hereinafter reserved, the LESSOR hereby demises unto the LESSEE the
DEMISED PREMISES, by way of rent, along with the right to use the entrance, passages, staircases, lift, landings,
lobbies and other common and open area belonging and pertaining to the DEMISED PREMISES, for the period of
36 months (3 Years) commencing from 1 st November 2020 to 30th November 2023 together with easements,
privileges, rights and advantages appurtenant thereof subject to the covenants and conditions in this RENTAL
AGREEMENT. The rental increment will be 5% every 11 months from 1st September 2022.

2. RENT AND SECURITY DEPOSIT

2.1 The monthly consideration payable by the LESSEE to the LESSOR for the DEMISED PREMISES shall be Rs.
50,000/- (Rupees Fifty thousand only) from 1st January 2021 to 31st March 2021 and then Rs. 1,00,000/- (Rupees
One Lakh only) per month there afterwards. The LESSEE shall pay the monthly rent on 5 th of every succeeding
English calendar month, such payment representing rent payable for the previous month.

2.2 Lift should maintained by the LESSOR FOR THE FIRST ONE YEAR and by LESSEE thereafter.

2.3 LESSOR shall further indemnify and shall at all times keep indemnified the LESSEE from any and all liabilities
and consequences arising from any and all such non-payment, delayed payment, attachment, disturbance of
possession, notice, order litigation, etc.

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2.4 LESSOR shall further indemnify and shall at all times keep indemnified the LESSEE from any and all liabilities
and consequences arising from any and all such non-payment, delayed payment, attachment, disturbance of
possession, notice, order litigation, etc.

That the LESSEE has deposited a sum of Rs. 7,50,000/- (Rupees Seven Lakh Fifty Thousand Rupees only) via 3
cheques bearing numbers XXXX

towards interest free refundable Security Deposit with the LESSOR at the time of signing of RENT AGREEMENT
(the “Security Deposit"). The said amount of Security Deposit shall be refunded via Bank Transfer/ Cheque/
Demand Draft/Pay Order by the LESSOR to the LESSEE on expiry of the RENTAL AGREEMENT.

2.5 The LESSEE shall remit the Rs. 1,00,000 of rental payments directly into the LESSOR’S bank account details of
which are given below:

Bank Name: HDFC Bank

3. USE OF THE DEMISED PREMISES

3.1 The LESSEE agrees and covenants as follows:
i. To use the DEMISED PREMISES only for the purpose of PAYING GUEST.
ii. Not to use the Demised Premises or any part thereof for any improper, illegal, or immoral purpose(s).
iii. To maintain the peaceful environment and not disturb the neighbors.

4. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE LESSOR

4.1 Peaceful and Vacant Possession/Enjoyment

4.1.1 That the LESSOR has represented to the LESSEE that it enjoys the uninterrupted, quiet, peaceful, physical, vacant
and legal possession of the DEMISED PREMISES without any interference whatsoever. That, on the date hereof,
the LESSOR has handed-over the peaceful, vacant, physical and legal possession of the DEMISED PREMISES
along with all fixtures and fittings (more specifically described in Annexure I) to the LESSEE

4.1.2 The LESSOR hereby confirms that the LESSEE, on paying the agreed rent and observing the terms and conditions
shall be entitled to peaceful possession and quiet enjoyment of the DEMISED PREMISES during the period of the
RENTAL AGREEMENT free from any interference, objections, eviction, claim, interruption and demand
whatsoever by the LESSOR, or any Government Authority or any person lawfully or equitable claiming by of,
from, under or in trust for the LESSOR and/or any Government Authority. The LESSOR shall duly observe and
perform the obligations on its part herein contained and shall extend all its cooperation to enable the LESSEE to
fulfil the terms and conditions and obligation on its part contained herein.

4.2 Installing electrical appliances in the DEMISED PREMISES

That the LESSOR hereby agrees and confirm that the LESSEE shall have the right to install air-conditioning
unit(s) and all other electrical appliance(s) including a generator and any equipment for its use including
electrical fittings as may be required by the LESSEE at the DEMISED PREMISES at his own costs and expenses. If,
during such modification, any damage done to the DEMISED PREMISES, it shall be the responsibility of the
LESSEE to fix and restore it to original condition. The LESSEE shall, on the expiry or earlier termination of this
RENT AGREEMENT, be entitled to remove all such equipment, units, appliances etc. from the DEMISED
PREMISES, provided that the LESSEE restores the DEMISED PREMISES to its original condition.

4.3 Electricity & Water connection

The LESSEE has satisfied itself that the quantum of electricity supply to the Demised Premises is adequate for the
use of the Premises by the LESSEE. The LESSEE has also agreed to convert the electricity (BESCOM) and
water(BWSSB) connections to commercial connections using their PG license at their own expense.

4.4 Taxes

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 The LESSOR shall bear and pay the property taxes, present and future, payable to BBMP in respect of the
DEMISED PREMISES, and LESSOR shall further indemnify and shall at all times keep indemnified the LESSEE
from any and all liabilities and consequences arising from any and all such non-payment, delayed payment, etc.

4.5 Indemnities
4.5.1 That the LESSOR represents and warrants that he is the lawful and rightful owner of the DEMISED PREMISES
and is fully entitled to execute this RENTAL AGREEMENT. The LESSOR shall hold the LESSEE fully
indemnified and harmless against any and all costs, liabilities, claim(s), prosecution(s), expenses and the like
suffered and/or incurred by the LESSEE with respect to the use and occupation of the DEMISED PREMISES
and/or any dispute regarding the DEMISED PREMISES.

4.5.2 That the LESSOR further represents and warrants that the DEMISED PREMISES shall not be mortgaged or
charged or encumbered to any person(s), company(ies) and/or entity(ies) whatsoever affecting the rights and
entitlements of the LESSEE under this RENTAL AGREEMENT and shall always keep and hold the LESSEE
indemnified and harmless in this regard.

5. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE LESSEE

5.1 Payment for Electricity and Water Charges

That the LESSEE shall pay, directly and in time to the concerned authorities regularly, all charges for electricity
(power and light)consumed during the period of this RENTAL AGREEMENT as per the meter reading provided
thereof. However, it is expressly agreed that the LESSOR shall be liable for payments of all outgoings of any kind
whatsoever, including electricity and water charges, up to the date of handing over of the vacant physical
possession of the DEMISED PREMISES and after the expiry/termination of the Lease.

5.2 Repairs
That minor day-to-day repairs of facilities of the demised premises, light fittings, Fans etc. will be the
responsibility of the LESSEE. Other works constituting ‘major’ works shall be discussed and mutually agreed
upon.

5.3 Sub-letting of the DEMISED PREMISES

That the LESSEE shall not sublet or otherwise part with the possession of the whole or/and part of the DEMISED
PREMISES.

5.4 Structure Changes/Alteration of the DEMISED PREMISES

That Subject to clause 4.2 the LESSEE shall not carry out any major additions or structural changes to the
DEMISED PREMISES without prior consent of the LESSOR. The LESSEE shall be allowed to carry on minor
repairs, maintenance jobs in the DEMISED PREMISES at its cost.

5.5 The LICENSEE on the expiry of the Leave and License Agreement shall leave the said Licensed Premises subject
to refund of the Security Deposit in as good a condition as it was on the date hereof (reasonable wear and tear
excepted). The LICENSEE at its own costs and expenses shall carry out all minor repairs and maintenance to the
said Licensed Premises, other than structural alterations.

5.6 Inspection of the DEMISED PREMISES

That the LESSEE shall permit the LESSOR or his agents with or without workmen to enter into and upon the
DEMISED PREMISES only at reasonable times after due notice for the purpose of examining the state and
condition.

6. FORCE MAJEURE

6.1 That it is expressly agreed between the Parties that if due to flood, earth quake, lockdown or tempest the
DEMISED PREMISES or any part thereof cannot be used and/or occupied by the LESSEE or if the DEMISED
PREMISES or any part thereof is sealed or is rendered unfit for use and occupation by any statutory authority
and/or municipality, the LESSEE shall not be liable to pay any rent or any other amount, whatsoever, to the
LESSOR for such period.

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6.2 The LESSEE shall not be responsible for any loss or damages to the DEMISED PREMISES resulting from
earthquake, storm, war, civil disturbances or other such happening, as stated above, beyond the control of the
LESSEE.

7. TERMINATION
7.1 Notwithstanding anything contained in this RENTAL AGREEMENT, it is hereby agreed by and between the
Parties that both Parties shall be entitled to terminate this RENTAL AGREEMENT without assigning any reason
and by giving a 120 days written notice to either Party to this effect or rent in lieu of the notice. The entire
amount of Security Deposit (subject to any unpaid adjustments towards any electricity bills) shall then be
refunded by the LESSOR simultaneously with the LESSEE's handing over the vacant peaceful possession of the
DEMISED PREMISES.

7.2 In the event the LESSEE fails to handover the vacant possession of the DEMISED PREMISES at the expiry or
earlier termination of this RENTAL AGREEMENT, the LESSOR shall be entitled to charge penalty at the rate of
Rs. 10,000/- (Rupees Ten Thousand Only) per day for each day of default from the date of expiry of this RENTAL
AGREEMENT. However, this clause shall not be applicable in the event the LESSOR fails to refund the entire
amount of the Security Deposit to the LESSEE.

7.3 Upon termination or earlier termination of this RENTAL AGREEMENT, the LESSEE shall hand over the
DEMISED PREMISES including all fixtures and fittings in its original condition. Any flooring/tiles damages will
be fixed.
The LESSEE will provide one month rent payable during the termination for painting the entire DEMISED
PREMISES and for professional cleaning charges
OR
The LESSEE will paint the entire DEMISED PREMISES, at their own costs, in the same colour, quality (Asian
Paint – Tractor Emulsion for interior and Asian Paint – Apex for exterior), professional cleaning and conditions
originally received.

8. MISCELLANEOUS

8.1 If any provision of this RENTAL AGREEMENT or part thereof is rendered void, illegal or un-enforceable in any
respect under any law, the validity, legality and enforceability of the remaining provisions shall not in any way
be affected or impaired thereby.

8.2 Any agreement made between the parties for the DEMISED PREMISES before this date of agreement will be
considered void.

8.3 This RENTAL AGREEMENT constitutes the entire agreement between the Parties and saves as otherwise
expressly provided no modification, amendment or waiver of any of the provisions of this RENTAL
AGREEMENT shall be effective unless made in writing specifically referring to this RENTAL AGREEMENT and
duly signed by the Parties hereto.

8.4 The LESSEE shall be at liberty to place its name board/plate (including that of the actual occupant of the
DEMISED PREMISES) of a size not exceeding a normal size in or upon any part of the DEMISED PREMISES of
such size and in such position as may be thought it fit from time to time provided no damage is caused to any
part of the DEMISED PREMISES. The LESSEE shall place the name board only after getting the necessary licenses
to run the PG from the related government authority.

8.5 The LESSOR and the LESSEE shall each assign a designated contact to receive notices under this RENTAL
AGREEMENT. All notices, authorisations, and requests in connection with this RENTAL AGREEMENT shall be
deemed given (i) on the day they are deposited in the mails, postage prepaid, certified or registered, return
receipt requested, (ii) 24 hours after facsimile transmission with confirmation of receipt to; or (iii) on the day they
are sent by air express, charges prepaid, return receipt requested; and addressed at their respective addresses
stated above.

9. GOVERNING LAW
This agreement shall be governed by the laws of India and will be subject to the jurisdiction of the courts in
Bangalore. The parties shall attempt to resolve amicably all disputes arising out of or in connection with this
Agreement, including its existence and interpretation. The Parties agree that any suit, action or proceeding
brought by either Party against the other Party to this Agreement in connection with or arising out of this
Agreement shall be settled by Arbitration as set forth below.

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10. DISPUTES RESOLUTION AND ARBITRATION
Any dispute between the Parties that cannot be settled amicably in the manner described hereinabove within a
reasonable period of time may be submitted by either Party to arbitration. Arbitration shall be held in Bangalore.
The arbitration shall be conducted as per the provisions of the Indian Arbitration and Conciliation Act 1996 and
any statutory modification or re-enactment thereof. Each Party to the dispute shall appoint one Arbitrator each
and the two Arbitrators shall appoint the third or the presiding Arbitrator. The arbitration proceedings shall be
conducted in the English Language. The arbitration award shall be final and binding upon the parties and
judgment may be entered thereon, upon the application of either party to a court having jurisdiction. Each party
shall bear the cost of preparing and presenting its case, and the cost of arbitration, including fees and expenses of
the arbitrators, shall be shared equally by the parties unless the award otherwise provides.

IN WITNESS WHEREOF the parties have set their hands to this RENTAL AGREEMENT on the date, month and year
mentioned hereinabove.

LESSOR LESSEE

Mr. Jeevan Mrs. Bhavana

WITNESSES:

1.

2.

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Schedule:

Fixtures and Fittings

SL. No. Description Quantity

1 Ceiling Fans

2 Electrical geyser

3 Calling Bell

4 Single Curtain Rods

5 Lift

6 Submersible Borewell pump 4 HP 1

(Texmo)

7 2 HP sump submersible motor 1

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