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HOUSE LEASE DEED

THIS LEASE AGREEMENT made this 3rd ____ day of December ___ ___ ___
2014 between:
Mr.Vipin Sondhi s/o Late Mr. Montosh Sondhi and Mrs. Shaila Sondhi w/o
Mr.Vipin Sondhi /Mrs. both ___ ___ ___ ___ ___ S/o/w/o ___ ___ ___ ___ ___ ___
residing at N43 Panchshila Park,New Delhi 110017: with permanent
address of 3B/6 Ganga Ram Hospital Marg, New Delhi 110060 ___ ___ ___
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___, (hereinafter referred to
as the the LESSOR, which expression shall unless repugnant to the
context mean and include his, successors, administrators, executors, legal
representatives assigns) of the ONE PART, and
GE India Industrial Pvt. Ltd. Regd. Office: 401, 402, 4th Floor, Aggarwal
Millennium Tower, E-1,2,3, Netaji Subhash Place, Pitam Pura, New Delhi
110 034, Corresponding Address at Building no., 7A, 4th Floor, DLF Cyber
City, DLF Phase III, Sector 25A, Gurgaon 122 002, Haryana through its
authorized signatory Mr. Anil Kanojia vide resolution dated
. (hereinafter referred to as the LESSEE, which
expression unless repugnant to the context mean and include its
associated group of companies or subsidiaries, legal representatives,
offices, assigns and successors in title) of the OTHER PART.
WHEREAS the LESSOR is the lawful owner in possession of residential
premises situated and known as 801A, 1st floor, The Laburnum
Condominium Comlpex, Sushant Lok 1 ,Gurgaon.___ ___ ___ ___ ___ ___ ___
___ ___ ___ ___ ___ ___ ___ ___ ___ ;
WHEREAS the LESSOR has agreed to let out to the LESSEE and the
LESSEE has agreed to take on rent the portion comprising comprising 4
bedrooms ,4 toilets , semi furnished apartment with living and dining area,
kitchen and servant room, two dedicated car parking ___ ___ ___ ___ ___ ___
___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___, (hereinafter

referred to as the Demised Premises) subject to and on the terms and


conditions contained in this Agreement; and
Contd. 2.

-: 2:WHEREAS the LESSOR has represented that the Demised Premises are
free from all encumbrances and the LESSOR is the absolute owner and has
clear title and unrestricted right to the Demised Premises and is legally
competent to enter into this House Lease Agreement ( Agreement) on
the terms and conditions contained herein.
NOW THIS LEASE AGREEMENT WITNESSETH AS FOLLOWS:
1.

That the LESSOR being absolute owner and legally authorized to let
out the Demised Premises does hereby grant, convey, demise and
lease unto the LESSEE, the Demised Premises together with all the
rights, liberties, privileges, easements and appurtenances belonging
to the Demised Premises, subject to the covenants, conditions and
agreements contained in this Agreement.
That the lease shall be for a period of Eleven (11) Month commencing
from 15th Janaury___ ___ ___ ___ ___, 2014. Subject to the other
provisions in this Agreement, the lease shall stand automatically
terminated and expire on the expiry of the period mentioned above.
That it is agreed that the present lease cannot be terminated by the
LESSEE for any reason whatsoever before expiry of period of 9 (nine)
months from the date of commencement of lease (lock-in period). In
case LESSEE chooses to vacate the premises at any point of time prior
to expiry of lock-in period, in that event the LESSEE shall be liable to
pay the agreed rent for the balance and un-expired stipulated lock in
period. In the event the LESSEE vacates the premises during the lockin period, the LESSOR shall be entitled to deduct from the interest
free security the outstanding rental payable by the LESSEE for the
balance / unexpired lock in period. LESSOR shall also be entitled to
deduct from the interest free security amount any other amount
payable by the LESSEE in terms of this Lease.

2.

The lease may be extended for a further period with ten percent
increase on the last paid rent and at mutually agreeable terms and
conditions.

3.

That the LESSEE shall pay to the LESSOR for the Demised Premises a
monthly rent of Rs. 80,000___ ___ ___/- (Rupees eighty thousand___ ___
___ ___ ___ ___ ___ ___ ___ only) exclusive of maintenance charges,

which shall be payable by the Tenth day of the month in advance of


every month of the lease. The LESSEE shall make payment of
advance rent as aforesaid by means of a cheque in the name of
Mr.Vipin Sondhi and Mrs. Shaila Sondhi ___ ___ ___ ___ ___ and such
payments shall be deemed to be full and valid discharge of the
LESSEEs rental after deducting tax at source, if any, obligations
under this Agreement. The service tax,if applicable on rent , would be
borne by the lessee.
4.

Upon commencement of the lease, the LESSEE shall pay to the


LESSOR an interest free Security Deposit in the sum of Rs.
2,40,000___ ___ ___/- (Rupees two lacs forty thousand___ ___ ___ ___
___ ___ ___ ___ ___ only), equal to threeone monthmonths rRent
which shall be refunded by the LESSOR to the LESSEE forthwith on the
expiry or earlier termination of the Lease for any reason whatsoever
simultaneously upon handing over the Demised Premises to the
LESSOR. In case of unpaid bills: maintenance, electricity, telephone
etc, and any damage to the demised premises or fittings and fixtures
intentionally or due the negligence of the lessees employee or his
guests residing in the premises, the lessor shall have the right to
recover the same from the security deposit and claim the balance, if
any from the lessee..

5.

That the Demised Premises, shall be used by the LESSEE for the
exclusive purpose of residence of Mr. Ravinder Kumar___ ___ ___ ___
___ and members of his family and his visiting guests. The Demised
Premises may be used by the successors of Mr. Ravinder Kumar___ ___
___ ___ ___ and his family with prior consent of the LESSOR.

6.

The LESSEE shall not sub-let, assign or otherwise part with the
possession of the Demised Premises to any one else or use the
Demised Premises for any other person or purpose.
Contd. 3.

-: 3 :7.

That the LESSEE shall pay all the charges for the maintenance,
electricity (power and light) and water consumed in the Demised
Premises during the period of this Agreement levied by the municipal
or local authorities from time to time as per the readings and meters
separately installed for the Demised Premises. The LESSEE shall
however, not be liable for out going of any kind whatsoever for the
period prior to the commencement date of this Agreement or after the
expiry or termination thereof.

8.

That the LESSEE shall be entitled to install and use one or more
telephones in the Demised Premises as may be convenient to the

LESSEE, but the LESSEE, alone shall be responsible for all charges
thereof.
9.

That the LESSEE will carry out minor repairs such as fuses, leakage of
taps, replacement of bulbs, tube lights, etc., at his/her own cost.
However, major repairs such structural repairs, leakage in electricity,
bursting of sanitary pipes, cracks, repair of heaters/geysers, air
conditioner, rreplacement of electrical wiring, defective sewerage
system, corroding of water pipes, water etc. provided they have not
been damaged intentionally or due to negligence on the part of the
resident or his guest, will shall be carried repaired forthwith by the
condominium maintenance agency . If the condominium maintenance
agency does not attend such major issues as pointed out by the
lessee in writing with in 3 (three) working days of being notified in
writing by the lessee, then the lessee may approach the lessor for a
suitable alternative. LESSOR as and when required. If the LESSOR
does not attend to such major repairs as pointed out by the LESSEE
in writing within a period of three (3) weeks after notice from the
LESSEE, then the LESSEE may get the repairs done at its own cost
and deduct the costs from the amount payable under this Lease
Agreement.However , the lessee shall be entitled to carry out repairs
of emergency nature without such notice to the Lessor.
It is further agreed that the LESSEE would be entitled in case of any
emergency repairs to carry out the same and give notice thereof to
the LESSOR and to deduct the costs from the amount payable under
this lease Agreement.

11. That the LESSEE has satisfied itself that all the water, sanitary and
electrical installations are in good working order and also no mirrors
and glass panes are broken or missing. From the date of occupancy
of the Demised Premises by the LESSEE, the LESSEE shall be
responsible to maintain them in the same condition, normal wear and
tear excepted. The LESSOR shall get the Demised Premises painted
prior to handing over the vacant possession thereof to the LESSEE.
12. That the LESSEE shall not carry out any structural additions or
alterations to the Demised Premises without the written consent of
the LESSOR. The LESSEE, however, shall have the right to install air
conditioner units, coolers, exhaust fans and other electrical
appliances, and shall on the expiry or termination of the Agreement
be entitled to remove all such units, appliances etc.
Contd. 4.

-: 4 :13. That the LESSEE shall permit the LESSOR or his/her duly authorized
agents, etc. Upon reasonable prior notice to enter upon the Demised
Premises for the purpose of inspection and/or carry out any structural
or major repairs as and when necessary at a mutually agreed time. It
is understood that such repairs shall be carried out in a manner so as
to cause least inconvenience and disturbance to the LESSEE.
14. That the LESSEE shall comply with all the rules, conditions and
regulations, laws and bye laws of the local authorities, municipal
authorities or any statutory development authority or a Government
department or agency with relation to the lease of the Demised
Premises.
15. That the LESSOR shall pay all present and future corporation
municipal rates, taxes, fees, levies and all other taxes, cesses, duties
and charges levied by the government and the local authorities as
owner of the Demised Premises. The LESSOR shall comply with all the
laws, rules and regulations of the government and the local
authorities as an owner would do.
16. That the LESSOR confirms that the Demised Premises has been
connected to or provided with electricity and water supply in the
Demised Premises for the consumption of the LESSEE in a satisfactory
manner, subject to force major circumstances. The LESSOR hereby
agrees that the benefit of such use of available electricity and water
supply shall not be disturbed, withdrawn or interrupted by any action
of the LESSOR. The right of the LESSEE to enjoy electricity and water
supply and to use and utilise the common areas and facilities in the
project/ Leased Premises shall be subject to timely payment of
maintenance charges / revised maintenance charges to the
maintenance agency.
17. The LESSOR covenants with the LESSEE :
(a)

That the LESSEE paying the rent herein reserved and observing
and performing the terms and conditions on the part of the
LESSEE as herein contained, shall be entitled to peacefully and
quietly hold and enjoy the Demised premises during the period of
this Lease free of any interference, interruption or objection
whatsoever from the LESSOR or any person or persons
whatsoever claiming through, under or in trust for the LESSOR.
That the LESSOR shall indemnify and keep the LESSEE fully
indemnified and saved harmless from and against all damages,
costs and expenses caused to or incurred by the LESSEE, as a result
of any defect in title of the LESSOR which disturbs or interferes with
the possession and enjoyment of the Demised premises by the
LESSEE under the covenant set out in Clause 18 (a).
The Lessee undertakes and agrees to keep the Lessor harmless and
indemnified, at all times, against any claims, loss, damages cost,

including litigation cost etc., of all kinds whatsoever arising out of


any claim by representatives, assignees or legal heirs, etc, or
claiming to represent the lessee in any manner whatsoever or on
account of any consequence arising out of any acts of omission or
commission on the part of the Lessee and / or his heirs, employee,
servants, guests agents, representatives, etc.

18. The LESSOR covenants with the LESSEE and declares as under:
(a)

That the Demised Premises are free from all encumbrances


whatsoever and that he has not entered into any agreements or
arrangements in any way disposing of or dealing with the
Demised Premises or any part thereof/or the LESSORS right, title
and interest in the Demised Premises, in any manner whatsoever.
Contd. 5.

-: 5 :(b)

That the LESSOR has the full right, absolute power and authority
to deal with the Demised Premises upon such terms as he deems
fit including by way of lease upon the terms herein contained.

(c)

That the LESSOR will not, until possession of the Demised


Premises is handed over by the LESSEE according to the terms
hereof transfer, alienate or encumber or otherwise howsoever
dispose of or deal with the Demised Premises or any part thereof
or his/her rights, title and interests therein without the previous
written consent of the LESSEE.

(d)

Notwithstanding anything to the contrary herein contained or


implied, if at any time during the continuance of the lease the
Demised Premises or any part thereof shall be destroyed or
damaged by fire, earthquake or the Demised Premises becomes
unfit for use by the LESSEE as a result of any occurrence or
circumstance beyond the LESSEES control and which is not in the
ordinary course, then and in that event the LESSEE shall have the
option to terminate this lease by giving to the lessor two
months30 days prior notice in writing in that behalf. Upon the
expiration of the period of such notice this lease shall stand
terminated.

(e)

That the LESSOR shall during the continuance of the lease, keep
in safe custody and protect and preserve all the original
documents of title in LESSORs possession, custody and control
relating to the Demised Premises.

19. The LESSOR and the LESSEE agree that in the event the LESSEE
desires to vacate the Demised Premises before the expiry of the

period referred to in Clause 2, the LESSEE shall have the right to do so


by giving to the LESSOR twoone (021) months advance notice in
writing subject to lock in period mentioned above or making payment
of rent in lieu thereof.
In the event of expiration or any earlier termination of this lease, the
LESSEE shall hand over the vacant and peaceful possession of the
Demised Premises to the LESSOR upon settlement all accounts
between the LESSEE and LESSOR.
That it is expressly agreed between the LESSOR and the LESSEE that in
the event the LESSOR fails to refund the deposit on expiry or sooner
termination of the Lease Agreement, the LESSEE would have the right to
retain the possession of the Demised Premises without payment of rent till
such time the deposit amount is not refunded in full to the LESSEE along
with the interest accrued, if any, under this Agreement
20. That the LESSOR agrees to pay interest at a monthly rate of 2% on
the security deposit paid under this Agreement for the period for
which the LESSOR continues to fail to refund the deposit amount in
full after it has fallen due for payment under the provisions of this
Agreement.
Contd. 6.

-: 6 :21. That the LESSEE shall on expiry of the lease period or earlier
termination of the lease, hand over the vacant possession of the
Demised Premises to the LESSOR in good condition subject to normal
wear and tear arising from day to day use or from such causes as are
beyond the control of the LESSEE viz., fire, earthquake, floods etc..
Incase of expiry of lease either by notice or completion of 11
(eleven ) months for any other reason the Lessee will have to pay the
Lessor Rs.6000/- day for overstay.,
22. That any notice required to be served upon the other party in
connection with the demised premises shall be considered as
sufficient if sent through the registered acknowledgement due prepaid post/speed post addressed to the other party at the address
mentioned below:
Lessor N43,Panchshila Park, New Delhi 110017
Lessee- 801A,The Laburnum, Sushant Lok, Gurgaon 122002 LESSEE
shall be sufficiently served and given if delivered to it at the address
first given above and duly acknowledged by the LESSEE.
That any notice which may be required to be served upon the LESSOR
shall be sufficiently served and given if sent by Registered a.d. post.

23. The LESSEE and the LESSOR agree that they shall take reasonable
measures to protect the secrecy of and avoid disclosure and
unauthorized use of the Confidential Information of each other.
Without limiting the foregoing, the LESSEE and the LESSOR shall take
at least those measures that they take to protect their own
confidential information and warrant and represent on their own
behalf that all of their own officers, employees, and agents who have
access to Confidential Information of the other party are aware of (or
will, prior to their being given access to any Confidential Information
under this Agreement, be made aware of) the terms of this
Agreement so that they may sufficiently protect the considerable
interest of the other partys Confidential Information. The LESSEE and
the LESSOR shall immediately notify each other in the event of any
unauthorized use or disclosure of the Confidential Information.
For the purposes of this clause, Confidential Information shall mean
and include but not be limited to documents, papers, data base,
correspondence and any other information relating to the disclosing
party and/or its affiliates, their business, operation, clientele, etc.
which may be disclosed or which the receiving party shall become
privy to or get to know under this arrangement. Confidential
Information does not include any information that: is in the public domain at the time of the disclosure or later
becomes part of the public domain without breach of the
confidentiality obligations herein contained; or
was known to the receiving party prior to the disclosure by
disclosing party;
is disclosed to the receiving party by a third party without
breach of any obligation of confidentiality owed to
the
disclosing party;
is expressly authorized in writing by disclosing party;
is required by law, court order or a government agency to be
disclosed (in which case the receiving party will give as much
notice thereof as reasonably practicable to disclosing party and
such disclosure will be done subject to confidentiality
protection to the extent reasonably available).
This clause shall survive termination of this Agreement for whatsoever
reason.
Contd. 7.

-: 7 :-

24. That in the event of dispute, if any, the lease Agreement is subject to
the
jurisdiction of the Courts in GurgaonNew Delhi.

IN WITNESS whereof the LESSOR and the LESSEE have hereunto


subscribed their hands on the date stated above.
WITNESSES:
1.

LESSOR

2.

LESSEE