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HDLL Model Draft New..
HDLL Model Draft New..
AND
M/s HATSUN AGRO PRODUCT LTD, represented by its Authorized
signatory Mr. Shabeer Ahamed.M S/o Mr. Mohamed Ali, Manager aged
about 53 Years, having its registered office at No.1/20A, Rajiv Gandhi Salai
(OMR), Karapakkam, Chennai -600097 hereinafter referred to be as the
LESSEE. (which expression shall unless it be repugnant to the context or
meaning thereof be deemed and mean to include its members, shareholders,
directors, successors – in- interest and assigns) of the Other Part.
WHEREAS the LESSOR is in possession and enjoyment of the property comprising
a building measuring about ____.Sq.ft at _________________ which the LESSOR
possessed through the registered Sale deed dated _____ document No.______ and
registered at sub registrar office _________: herein after referred as “Demised
premises’’ (Fully described in the Schedule of the Property).
WHEREAS LESSEE in need of a shop portion for their retail out let store currently
named as “HATSUN DAILY LONG LIFE” to sell their Ice Cream, milk products
and Other products manufactured in hatsun and the Lessor also agreed to let the
schedule premises to the Lessee for the above mentioned purpose on monthly
rental basis;
WHEREAS all the other prior agreements are hereby stands cancelled between the
parties.
1. The LESSOR have specifically agree to let out the premises to the Lessee on
a monthly rental for a period of _____ years from _______to _______ since the
LESSEE is investing Substantial amount towards Interior decoration
Flooring, Machinery and Equipment, etc to carry on their business. the
monthly rental as follow:
(i) The rent for the demised premises measuring ____ Sq.ft. is fixed as
Rs._______/- (Rupees __________ Only) per month for the period
commencing from ______ to ________.
(ii) The rent for the demised premises measuring _____ Sq.ft. is fixed as
Rs.____/- (Rupees _______Only) per month for the period commencing
from ______ to _____.
(iii) The rent for the demised premises measuring _____ Sq.ft. is fixed as
Rs.______/- (Rupees _______ Only) per month for the period commencing
from ______ to ______.
2. The LESSOR shall handover the possession of the said premises on _____ to
the LESSEE for carry out their fit outs and interior decoration in to the
property the same shall be the 30 days called as fit out period/No Rent
Period for which the LESSOR agreed that not to collect any rent for that
period. Both the parties hereby agreed to calculate the rent from _____ which
called as monthly rental commencement period.
3. Both the parties hereby agreed that the next rental hike will be given 6%
from the current rent after completion of every 2 years once from this
agreement.
4. The above mentioned monthly rentals shall be paid to the LESSOR. Further
the monthly rental charges are subject to deduction towards TDS and other
statutory deductions if any. The Lessee hereby agreed to pay the service tax
on rental to the authorities concerned.
5. The tenancy shall be according to English calendar month, and the LESSEE
shall pay the above said rent for every month on or before the 5 th of every
preceding month by local cheque or a demand draft or Banker’s cheque or
through NEFT/RTGS directly to the bank account of LESSOR.
8. The LESSOR hereby permits the LESSEE to use the common space available
in front of the shop and further the LESSOR agreed the same is to be used
exclusively by the LESSEE only. The LESSOR will not construct any
structure or put any fixtures which will hinder or obstruct the visibility of
the retail outlet, consequently, affecting the business of the LESSEE.
9. The tenancy shall be for non-residential purpose and for running the retail
out let store only.
10. The LESSEE shall not use the demised premises other than the purpose for
which it is let out.
11.The LESSEE shall not carry out any illegal or unlawful activities in the
demised premises.
13.The LESSEE shall not store or keep any hazardous, inflammable or offensive
goods in the demised premises.
14.The LESSEE shall not cause any inconvenience to other occupiers of said
commercial complex and/or to neighbors.
15.The LESSEE shall keep the portion under their occupation in good and
tenantable condition and shall be liable for damages to the property if caused
by them.
16.The LESSEE shall peacefully and quietly hold, possess and enjoy the
demised premises and every part thereof during the term hereby created
without any lawful interruption, disturbance and claim or demand
whatsoever from or by the LESSOR or any other person whomsoever.
17.The LESSOR will pay property taxes in respect of the demised premises due
to the government and corporation or Local Panchayat.
18.The LESSOR hereby acknowledges that he paid all the taxes payable to the
Government and other authorities, up to date and the LESSEE shall not be
responsible for such dues payable by the LESSOR.
20.The LESSOR shall be entitled to inspect the demised premises let out at all
reasonable times. The LESSEE shall have the right to enjoy the said premises
without the interference of LESSOR or their agent during the currency of the
Lease.
21.The LESSEE shall not sublet or assign tenancy or part with possession of the
said portion to anybody.
23.The Lessor hereby assures that he will change the existing category of the
electricity connection to commercial connection forthwith. In case the Lessor
fails to change the connection, he would be responsible for the excess
payment if any, demanded by the EB Authority, at any point of the
subsistence of this Agreement.
25.The Lessee always have a right to terminate this lease agreement with two
months prior notice to the LESSOR without assigning any reason.
26. The LESSOR shall not terminate this lease of the premises during the said
total lease period of ____ years which will be lock in period for the Lessor
alone for the reasons set out in clause (1) above, Since such earlier
termination will cause considerable damage for the Lessee because of
substances investment made in the schedule premises, and the Lessee shall
hand over the vacant premises to the LESSOR at the time of end of the
agreement.
27.The LESSOR is bound to repay the security deposit amount to the Lessee on
the date of re possession of the premises, If the LESSOR does not repay the
security deposit amount to the LESSEE after the end of the Lease agreement
or the termination of the agreement provided by this agreement or at the time
of taking repossession of the premises, the LESSEE reserve his rights to hold
the premises occupied or locked and in such case the LESSOR agreed to
release the liability of the LESSEE from payment of rent for those period and
in such case the LESSOR hereby agreed to pay the security deposit amount
along with 18% interest P.a.
30. If any dispute arise between the parties same shall be decided through the
appropriate court of law within the jurisdiction of Chennai.
SCHEDULE
Bounded as
NORTH BY –
EAST BY –
WEST BY –
SOUTH BY –
LESSOR LESSEE
WITNESSES:
1.
2.
3.