This Lease Agreement is made on this _____ day of
January, 2001 between Mr. _______________s/o Mr. _____________, R/o
_________________________, (hereinafter referred to as "the LESSOR"
which expression shall include him,his heirs, successors,executors, administrators,legal representatives
and assignees) of the one part and M/s ______________ with their head
office at __________________ through their representative _________________________________,
hereinafter called "the LESSEE" which expression shall unless
the context or the subject otherwise include him, his heirs, his successors executors, representatives and assigns)
of the other part.
AND WHEREAS the LESSOR is the absolute and legal Owner and Landlord
of all that piece and parcel of property bearing Flat No. __________
(Full Address)_______________________________________..
AND WHEREAS the LESSOR has agreed to give on rent the above mentioned
Duplex flat consisting of 2 bed rooms, living/dinning, 2-bathrooms,
kitchen and 2 court yards for which possession will be retained
by the LESSOR.
AND WHEREAS the LESSEE has requested the LESSOR to allow the LESSEE
use and the occupation of the said premises for the purpose of residential
accommodation of their employee/associate/consultant, Mr. ____________,
his family members and his bonafide guests.
NOW THEREFORE THIS DEED WITNESSETH AND THE PARTIES MUTUALLY COVENANT
WITH EACH OTHER AS FOLLOWS:
1. The LESSOR hereby agrees to grant lease and permission to the
LESSEE to use the subject property therein for his residence and
that of his family and bonafide guests on and from __________(date),
and LESSEE herein has agreed to take the subject property on lease
basis with effect from the said date. The period of lease is for
18 months from (date)__________, to (date)______.
2. In consideration of the LESSOR granting lease to the LESSEE,
the LESSEE shall pay the LESSOR a monthly rent of Rs. ________ (Rupees
in words) excluding water and electricity charges. The rent as above said, shall be payable by the lessee payable in advance by ___ day of respective month of the
English Calendar for which the rent is due.
3. The LESSOR may at his sole discretion extend the period of lease
agreement for another six months with no increase in rent after______
4. The LESSEE shall furnish to the LESSOR interest free security
deposit of Rs._________ (Rupees in words) which will be paid by
the LESSEE to the LESSOR at the time of physically taking the possession
of the property, to be held by the LESSOR and which shall be refunded
at the time of vacating the premise, by the LESSEE or on termination
of this lease and vacant and peaceful possession handed over by
the LESSEE to the LESSOR.
5. The LESSEE shall pay all charges for electricity and water consumed
and telephone usage by him in the said premises direct to the authorities
concerned.
6. That the LESSOR is fully empowered, authorised and able to make
this Deed of the Lease and will hold LESSEE free and harmless of
any demands, encumbrances, claims, actions or proceedings by others
in respect of the quiet possession of the premises and the LESSOR
further states that it will ensure to LESSEE peaceful and uninterrupted
use and enjoyment of the premises during the term of the lease.
7. The LESSEE shall be liable to undertake all the day to day repairs
of the electricity, sanitary and water supply.
8. That the LESSOR shall be responsible for the payments of any
taxes or levies imposed by the Government of India or Governmental
authorities and that all laws and rules, regulations of such authorities
will fully be complied by the LESSOR.
9. The LESSEE shall not during the period of the Lease Agreement
make any structural alterations in the said premises without the
prior written consent of the LESSOR, but shall be at liberty to
install air-conditioners and domestic electric appliances and other
conveniences reasonably required by him and which remain the property
of the LESSEE and shall be removed by him on vacating of the premises.
10. The LESSEE shall use the said premises as a residential accommodation
for the exclusive use of Mr. ___________ his family, their servants
and bonafide guests and shall not do or suffer to be done anything
therein which is likely to be a nuisance or annoyance to other occupants
or to prejudice the rights of the LESSOR as the Owner of the said
premises. If Mr. ___________ vacates the premises before the expiry
of the Lease Deed, it shall be handed over back to the Lessor.
11. That the "LESSEE" shall not have the right to sublet
or underlet the premises either partly or wholly to any of its subsidiary/associate
concerns or to any other person, body, association or entity.
12. The LESSEE will keep and maintain the LESSOR'S fixtures and
fittings and effects in the said premises in good order and condition
and upon the termination of the lease the LESSEE will leave the
same as provided by the LESSOR to the LESSEE at the time of handing
over the possession of the said premises (reasonable wear and tear
and loss accepted).
13. The LESSEE shall have an option of terminating this Lease Agreement
by giving _____months notice. However, this option can be exercised
only after expiry of the first _____ months, alternatively after
payment of ___ months minimum rent. On doing so the LESSOR shall
return to the LESSEE all unadjusted monies paid to him in the form
of advance rent or security deposit.
14. On the termination of the Lease, LESSEE shall forthwith remove
themselves and their respective belongings, articles and other things
from the said premises.
15. All keys belonging to the said premises shall be handed over
to the LESSEE at the time of signing of the Lease Agreement which
the LESSEE shall return to the LESSOR on the expiry or the termination
of the Lease Agreement.
16. The LESSOR shall not be responsible for any theft, loss, damage
or destruction of any property of the LESSEE or the occupant living
in the said premises not for any bodily injury to any person living
in the said premises during the occupancy of the leased premises
from any cause whatsoever.
17. It is agreed that if the LESSEE commits a breach of the terms
by doing any structural changes in the premises or non payment of
rent etc., the LESSOR shall be entitled to revoke the lease granted
after giving the LESSEE ______one months written notice to remedy the
breach complained of. On expiry of the said period of one month,
the LESSOR shall have the right to determine the Lease Agreement
if the LESSEE has not remedied the breach complained of.
18. The LESSOR and the LESSOR'S authorised representatives shall
have full liberty to inspect the leased premises at a reasonable
hour by giving 24 hr. notice. That LESSOR shall be to enter the
said premises to view the condition thereof to effect any such repairs
as the LESSOR is required to do pursuant to its covenants in that
behalf herein contained and LESSEE shall allow the same to be done
without any objection.
19. In case the LESSEE does not vacate the premises on the expiry
of the lease period, the LESSEE shall pay a daily charge of Rs.
________ extra as penalty to the LESSOR till the date of vacation
of the said premises. This penalty shall be without prejudice to
the right of the Lessor to take steps to take the possession of
the said premises.
20. At the time of handing over the vacant and peaceful possession
of the premises by the LESSEE to the LESSOR the LESSOR has to refund
all the monies paid to him as security deposit after the justified
deductions (including any pending electrical, water and telephone
bills).
21. That all payments described in this Deed of the Lease shall
become due as from the date here above stated. Under no circumstances
shall LESSEE occupy the premises until such payments have been made.
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