Rental Agreement

INDIANONJUDICIAL

GovernmentofKarnataka

e-Stamp

CertificateNo. IN-KA428 58T

IN-KA4283747373808T
CertificateIssuedDate 08-Feb-202106:15PM
AccountReference NONACC(FI)/kaksfcI08/ANJANANAGAR/KA-BA
UniqueDoc.Reference SUBIN-KAKAKSFCL0866082703083175T

Purchasedby LESSOR
DescriptionofDocument Article5(J)Agreement(Inanyothercases)
PropertyDescription AGREEMENT
ConsiderationPrice(Rs.)
(Zero)
FirstParty LESSOR
SecondParty LESSEE
StampDutyPaidBy LESSOR
StampDutyAmount(Rs.) 100

LEASE DEED

1. Property Address: Premaadri 24th Main Road, Parangi Palaya Bengaluru, Karnataka 560102 India

Near NIFT College.(Landmark)

2. Rent: Rs 36000 per month from 1/1/2022

3. Period of Lease: Eleven (11) months ( 1/1/2022 to 30/11/2022 )

4. a. Security Amount: Rs 72000

b. Electricity/Water Charges: As per Meters payable as per the billing cycle paid by Lessee

before the due dates.

c. Escalation after expiry: 10 %

This Lease Deed/Rent Agreement is executed at Bengaluru on day 24 of March

2022 .
 Between

Mr./Mrs. Prema Devraj So/Do Mr. Jayaramappa venkataswamy R/o Premaadri

24th Main Road, Parangi (Hereinafter called the Lessor No. 1 and/ or the First Party)

And

1.)Mr./Mrs. Kumar Utsav So/Do Mr. B B Chaurasia R/o Opp Durga Talkies, Hirak

Road (Hereinafter called the Second Party)

Whereas the Lessor(s) are jointly the lawful owners in possession of the premises located

at Flat no: 201, 24th Main Road, Parangi Palaya, 560102. Bengaluru,
Karnataka (House type - 3 BHK, Floor no: 3) (hereinafter called the 'demised premises'). The

expression Lessor(s) and Lessee shall mean and include their respective heirs, successors,

representatives, and assignees.

Whereas on the request of the Lessee, the Lessor(s) have agreed to let out the said demised

premises to the LESSEE, and the LESSEE has agreed to take it on rent w.e.f. 1/1/2022 for

its bonafide residential use. Whereas the LESSOR(S) has represented that the said demised

premises is free from all encumbrances and the LESSOR(S) has a clean and unrestricted

right to the said demised premises. Whereas the Lessor(s) and Lessee both represented that

they are legally competent to enter into this Lease Agreement on the terms conditions

contained herein.

a. That the second party shall pay the monthly rent of Rs 36000 in respect of the demised

premises located at Flat no: 201, Premaadri 24th Main Road, Parangi Palaya, Bengaluru.
560102. Bengaluru, Karnataka (House type - 3 BHK, Floor no: 3) The rent shall be paid
per month in advance through advance rental on or before the 1 day of each English

calendar month to each of Lessor(s) / First Party in the proportion as agreed by the First

Party amongst themselves. In case of TDS deduction, the Lessee shall furnish the TDS

certificate to the Lessor(s) at the end of each calendar quarter well within time so as to

enable the Lessor(s) to file his income tax return within the stipulated timeframe. Each of

the parties will bear the consequences for any non-compliance on account of the tax

liability of its part.

b. That the second party has deposited a sum of Rs 72000 as interest free refundable
 security deposit, which will be refunded (Interest Free) by the First Party at the time of

vacating the demised premises after deducting any outstanding rent, electricity, water

(unless electricity and water charges if to be borne by lessor(s)), sewerage and

maintenance charges, bills, etc., if any, which are payable by the Lessee at the time of

vacating the demised premises. Lessor(s) shall have the right to adjust all the dues

including but not limited to rent, maintenance, electricity, water, sewerage, etc. of the

notice period from the Refundable Security deposit except the electricity and water

charges if to be borne by Lessor(s).

c. That the electricity and water charges will be paid timely regularly every month by the

Lessee as per actual bills provided by the service provider. A copy of the payment receipts

will be provided by the Lessee to the Lessor(s) on demand.

d. That the Lessor(s) shall hand over the premises to the Lessee in a habitable condition.

The detailed list of items provided as part of this lease is enumerated as ANNEXURE 1 to

this Deed.

e. That in case any damage is caused by the LESSEE to the aforesaid premises, fixtures,

fittings, etc.(except normal wear and tear), the LESSEE shall be liable to make good the

same to ensure that those is restored in the same condition as they were at the time of

signing of this lease other than the changes made by the LESSEE with the consent of the

LESSOR(S). In case of LESSEE fails to do so, LESSOR(S) shall be entitled to deduct the

costs of doing the same from the interest free security deposit.

f. That after the expiry of the monthly rent shall be increased at the escalation of 10 % or

at mutually agreed by all the parties at the time of renewal in the discussion as per

prevailing market conditions.

g. That the Second Party shall have no right, to make any addition, alteration in the said

demised premises except furnishings. The Lessor(s) shall not be liable to pay any

charges against the expenses incurred by the Lessee for any additional furnishing at the

demised premises.

h. That the Second Party shall have no right to sub-let the whole or part of demised

premises to any other person or entity at any time. Further, The Lessor(s) or his

authorized representative has the right to visit the demised premises on any working day

during business hours after taking the Lessee’s permission.

i. That the demised premises shall be used by the Lessee in a cordial and civilized manner
 without causing any nuisance or disturbance to the other occupants of the building

complex. The Lessee shall use the demised premises for its bonafide legal purposes and

shall not do or cause any actions or activities of illegal, immoral, unsocial nature in the

said demised premises and will not create any nuisance to the neighborhood in any

manner whatsoever.

j. That day-to-day repair such as fuses, leakage of water taps, replacement of defective

MCBs, Bulbs, Tube lights, Tube light Fittings, connecting sanitary pipes, doors, door

locks, etc. shall be done by the Lessee at its own costs. However, major repairs such as

leakage from the wall/ceiling, etc. would be rectified by the Lessor(s) on the request of

Lessee.

k. That in case the Lessee defaults in payment of rent for any month or commits any breach

of any of the terms and conditions of this deed, the LESSOR(S) shall be entitled to get

back the possession of the demised premises after providing reasonable notice to the

Lessee. In such case, notice to the lessee shall be given by each of Lessor(s) / First

Party.

l. That the Lessee shall make sure that all the payments have been made on regular basis

by them to the Service Providers or Government Authorities on account of any services

utilized by them or taxes/levies demanded by or payable to Government Authorities on

account of their transactions. The Lessee shall be liable at all times even after vacation of

the said residential space for dues if any arising of the tenure of occupation of the Lessee

which is liable to be paid by the Lessee.

m. That any outstanding amount towards rental or maintenance, if not settled by the Lessee,

will be adjusted from the security deposit of Rs 72000 provided to the LESSOR(S). The

notice period to be served by either party would be of 2 Month . Either the LESSOR(S)

or the LESSEE may terminate this agreement without assigning any reasons whatsoever

by giving two month’s advance notice to the other party. The respective notices shall be

send and provided to each of the parties at their aforesaid addresses mentioned above.

n. The Lessor(s) will ensure that all outstanding bills/ charges on the above said demised

premises on account of electricity, water, and any other incidentals prior to the start of

lease from 1/1/2022 are settled and paid. Any payment on account of the above

pertaining to the period before the start of lease w.e.f. 1/1/2022 will be settled by the

Lessor(s). In the unlikely instance that the connection/s for electricity or water is
 disconnected due to non-payment or negligence of the LESSEE, the charges to restoring

such connections shall be borne fully by the LESSEE and if not paid the same can be

deducted from the security deposit provided to the Lessor(s).

o. That after the expiry of this Lease Deed, if the LESSOR(S) does not wish to renew it or to

continue further, the Lessee is bound to vacate the demised premises immediately upon

expiry of the lease to the Lessor(s) in all good faith and handover the peaceful possession

to the Lessor(s) failing which the Lessee will pay damages at the rate of double the

monthly rent as stipulated in this Deed.

p. That the Lessor(s)/ his authorized agents shall acknowledge and give valid & duly

stamped receipts as and when requested by the LESSEE as conclusive proof of rent

payments on demand from the Lessee. The registration charges and stamp duty

expenses will be shared by all parties in an equal ratio.

q. It is further agreed between the parties that in case of any dispute the Bengaluru court

shall have the exclusive jurisdiction over the disputes.

r. This Deed shall be governed by and interpreted in accordance with the laws of India. All

disputes, differences, disagreements, controversies or claims arising out of or in

connection with this Deed, including the validity, effect, and interpretation thereof, shall, at

the request of either party, be referred to the sole arbitrator mutually appointed by all the

parties, who shall conduct the arbitration proceedings in English and in accordance with

the provisions of the Arbitration and Conciliation Act, 1996, or any amendment or statutory

modification or replacement/substitution thereof. Any award made by the arbitrator shall

be final and binding on the Parties. The cost and expenses of the arbitration proceedings,

including fees of the arbitrators, shall be borne equally by the Parties. The venue of

arbitration shall be as mutually decided by the parties.

s. Without any prejudice to a Party’s other rights and claims under this Lease or otherwise, if

one party breaches any of its representations, obligations, warranties, covenants or

undertakings or violates any provision hereunder, it shall indemnify and keep the other

Party and/or service providers harmless against all direct damages and costs suffered or

borne by it/them thereby including but not limited to costs incurred in defending all

claims/actions, or proceedings that may arise or may be otherwise necessary to ensure

exclusive, quiet and peaceful access, occupation and use of the Leased Premises in

accordance with this Deed. Without prejudice to other rights enjoyed by either Party (non-
 defaulting Party) under the Deed and Applicable Laws, the other Party (Defaulting Party)

shall be responsible for and will indemnify against all claims, demands, suits,

proceedings, judgments, direct damage, and relevant costs that the non-defaulting Party

may suffer or incur in connection with loss of life and/or personal injury to the occupants of

the Leased Premises and/or damage to the Building if the same arise from any

wrongful/negligent act or omission of the defaulting Party.

t. Force Majeure: If the whole or any part of the said Premises shall at any time during the

term of the lease be destroyed or damaged due to any force majeure circumstances

including storm, tempest, flood, Act of God, an act of terrorism, war or any other

irresistible force or the Lessee is deprived of the use of the said Premises for reasons not

attributable to the Lessee, the Lessor(s) hereby undertakes to restore the said Premises

as expeditiously as possible or, as the case may be, to remove the impediment in its use

and occupation as expeditiously as possible. Notwithstanding the foregoing, upon the

happening of any such event as aforesaid, the Lessee shall not be liable to pay Lease

Rent during the period the Lessee is deprived of the use of the said Premises or any part

thereof. The Lessee shall also have the option to terminate the Lease after the event by

giving one month’s notice and without payment of any rent in lieu thereof and without

incurring any liability to pay any other amount whatsoever to the Lessor(s).

u. Notice: Any notice or communication to be addressed by one party to the other shall be in
writing and shall be served at the addresses as given hereinabove by registered post with

A/D or at such other addresses as may be notified in writing by one party to another. Any
change in such address shall be promptly notified to the other party in writing.

v. Miscellaneous:
i. This Lease Agreement constitutes the entire agreement concerning the subject matter

hereof between the Lessor(s) and the Lessee and supersedes any prior
representations or agreements, whether written or oral between the Lessor(s) and

Lessee. No modification or amendment of this Agreement or waiver of any of its

provisions shall be binding upon the parties hereto unless made in writing and duly

signed by all the Parties.

ii. If any provision of this Agreement is held to be unenforceable, the remaining

provisions of this Agreement shall continue to remain in full force and effect.

iii. Leegality.com is the e-witness to this rental agreement.

Signature of the Lessor(s) / First Party

Signature of the Lessee / Second Party

Annexure 1

Items provided by the LESSOR(S) at the time of execution of Lease Deed between the
LESSOR(S) and the LESSEE are as follows:

Sr No. Item Number of Units

1 Fans 3

2 Light bulb / tube 3

3 Bed 2

4 Table 2

5 Chair 2