This agreement of lease made on this 18th day of April 2016, between
A.Narayanaswamy Indian Inhabitant residing at No 80, Sarojini Street, Ramnagar,
Coimbatore – 641009. Herein after called LESSOR and Mr. N.Hari Prabhu S/o
A.Narayanaswamy Indian Inhabitant residing at No 80, Sarojini Street,
Ramnagar, Coimbatore – 641009. Herein after called LESSEE of the other part,
witnesses as follows:
1
The LESSEE agrees to pay a monthly rent of Rs. 5,000/- (Rupees Five
thousand Only) for the described premises, before 10th of every succeeding
English Calendar month. The LESSEE has paid an advance of Rs. 50,000/-
(Rupees Fifty Thousand Only) to the LESSOR by Cash dated 18/04/2016 the
receipt of which the LESSOR hereby acknowledges. The LESSOR and LESSEE
mutually agree to the following terms and conditions of lease:-
1. The Address of the Property Is ’FUTURE EVENTS AND PROMOTIONS’
3. The Lessee will be paying the rent of Rs 5,000/- (Rupees Five thousand
only) per month. The rent for the building shall be paid to the Lessor till
the period of Lease on or before the 10th day of every English month.
6. The lease is for a period of 3 Years. If both the parties agree, the Lease
can be extended for a further period of 11 months as per terms and
conditions as may be agreed between the parties. That the LESSEE has to
pay and discharge all the maintenance charges levied in relation to the
leased premises, electrical charges consumed by him, pay the water
charges to the Corporation.
7. That the LESSEE will not assign to or sub-let whole or any portion of the
demised premises to any person or persons during the period of lease.
8. That the LESSEE will not erect any permanent structure on the demised
premises or alter any of the fixtures in the demised premises, without the
consent in writing of the LESSOR.
9. That the LESSEE during the period of lease keeps the demised premises in
good condition.
2
the LESSEE shall surrender vacant possession of the premises to the
LESSOR regardless of the lease period fixed above.
11.The lessor undertakes not to revise the rent during the period of the lease
except as mentioned under clause 4 supra and if the LESSEE is desirous of
extending the lease the rent and other terms shall be mutually agreed
between them for the continuing of the lease. If the lease is not extended
the LESSEE shall surrender vacant possession of the demised premises
immediately on the expiry of the lease period.
13.That the LESSOR shall pay all the existing and future taxes levied by the
corporation and government on the building and land leased and also
14.If the lessee so desires the lessor hereby agrees to concur in the execution
of a registered lease deed on the above terms. The stamp duty and
registration charges thereof to be borne by Lessee only.
LESSOR LESSEE