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Office area on Lease – 2000 super area (approx) Floor- No 3 (main road facing Office) Rent is 200 Rs per sq ft. (NOT-negotiable) Maintenance Charges will be extra (negotiable) Car Parking – As per availability / Car parking lot is on the back side of the building available in plenty. FREE OF COST .
MEMORANDUM OF UNDERSTANDING
1. Lease Period-Nine Years (108 Months) (3+3+3 ) 2. Lock in Period-Three years (36 Months) 3. Rent Increase -25 % on Last paid Rent after every Three years (36Months) 4. Security Deposit -6 Months (Refundable without any interest)
5. Advance Rent-Three months 6. Electricity Load/Water S upply- As per requirement 7. Power Backup - Power Backup is Available but Optional @ General charges 8. Service Tax -Borne by Lessee -Borne by Lessee/Lesser (50-50)
9. Lease Registration
10. Vacating Notice - Three months (90 Days) advance notice from Lessee Side after Three years lock- in period is end. 11. 12. Possession By Lesser -Immediate At the time O f L.O.I. -One Month Advance Rent
13. At the time of Agreement Signing - S ix Months Security Deposit 14. Brokerage Payable to Broker(Sarthak Estaes) One Month Rent.