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Lease Deed

Lease Deed

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Published by Travis Murphy

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Published by: Travis Murphy on Dec 03, 2009
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07/08/2010

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LEASE DEED
Agreement of Tenancy executed on 04
th
day of December 2009 between Mr.P.Sundar of Messers. Sundar Garments, aged 23, S/O Mr. S. Pichimuthu,residing at 102/36, Kangayam Main Road, Near Amarjothi Garden, Tirupur - 641 604 ( here in after called Party No. 1 ) and Messers. Gokaldas Images(P ) Ltd., No. 7 & 12, Industrial Suburb, 2 nd stage, Yeshwanthpur, Tumkur Road, Bangalore -560 022. Tirupur ( here in after called Party No. 2 )Whereas the landlord is the owner of the Building situated in No. 102/36,Kangayam Main Road, Near Amarjothi Garden, Tirupur - 641 604 ( Tirupur District ) and more specifically described in the schedule here under and hasagreed to let part of ground floor building property to Party No.2 with effectfrom 04.12.2009. This agreement of lease is drafted and signedincorporating the terms and conditions of the tenancy.The Party No. 1 has agreed to let part of ground floor building property toParty No. 2 and Party No. 2 has agreed to take the above mentioned propertyon lease.…….1
 
The date of commencement of the tenancy is from 04.12.2009 and theduration of this agreement is for 12 months from the said date.The Party No. 2 shall pay a sum of Rs. 75,000/- ( Seventy five thousandsonly) as advance which is repayable by Party No. 1 at the expiry of thetenancy and no interest is payable on the same.The Party No. 2 hereby agreed with and covenants with Party No. 2 asfollows:1.To pay the rent regularly as stipulated during the terms of tenancy.2.To keep the premises in good and tenantable repair and maintain thehouse with all fittings and fixture clean tidy and periodical withwashing etc.
3.
To use the said building only for the purpose of business of thetenant and shall not use the same for any unlawful purpose.
4.
 Not to sublet the property to any other person and shall not alter,change or reconstruct the building without the prior consent of Party No. 1.
5.
To pay the electricity charges as per their separate metre provided.
6.
To engage, pay wages, salary, bonus and other benefits for theworkers employed and obtain necessary licenses from the concernedauthorities in connection on worth the business of the Party No. 1.
7.
The Party No. 2 shall pay a sum of Rs. 7,500/- ( Seven thousand fivehundred only ) as monthly rent for the first year and their after anamount of Rs. 500/- ( Five hundred only ) on the existing rent if theParty No. 2 wish to continue after one year, towards the amenitiesdescribed hereunder on or before 10
th
of the every calendar month.8.To vacate and handover possession without any delay or damage, tothe said building immediately on the expiry of this agreement or onthe termination of this agreement.
9.
The Party No. 1 has agreed to provide the following: To pay the property Tax and other municipal rates and taxes to the said building.To provide common water connection, electricity connections to the building with usual wiring and fittings, pipes etc.,……. 2
 
The Party No. 1 shall have the right to enter, inspect the buildingwhenever he desires with the permission of Party No. 2. The Party No. 1 has the right to recover all the arrears of rent any other damages for breach of agreement and to adjust the same in the advanceamount.This tenancy agreement can be terminated by Party No. 1 on the failureof Party No. 2. to adhere to any of the conditions stipulated in thisagreement or mutually by both the parties on mutual consent andagreement.This agreement can be extended or renewed at the mutual consent of boththe parties for a period on the fresh terms and conditions as agreed to atthe time.In agreement of the above, we have affixed our signature below;SCHEDULE TO LEASE DEEDBuilding property in ground floor 900 sq.ft at No. 102/36, KangayamMain Road, Near Amarjothi Garden, Tirupur - 641 604(Tirupur District )Party No. 1Party No. 2.Witnesess :1.2.

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