RESIDENTIAL RENTAL AGREEMENT

This Residential Rental Agreement is entered into as of 05-01-2022.

BETWEEN: Mr. Srikanth Shukla son of Mr. Ravikanth Shukla resident of 1, Nirma Plaza,
Makwana Road, Marol, Andheri, Mumbai Maharashtra, 400059 hereinafter called the
“LESSOR” of the one part

AND: Mr. Durgesh Kashyap son of Mr. Mohan Kashyap resident of 28/38, Sunder Bhavan,
Perin Nariman Street, Fort, Mumbai, Maharashtra, 400001, hereinafter called the “LESSEE”
of the other part.

PREAMBLE:

WHEREAS Srikanth Shukla of the Landlord is the absolute owner of the property situated at
1, Nirma Plaza, Makwana Road, Marol, Andheri, Mumbai Maharashtra, 400059, consisting
of 4 bedrooms, one living room, one dining area, 4 balconies one of the balconies connected
to the living area, 5 toilets, 1 kitchen, 1 storeroom, 1 staffroom, fully furnished, and inbuilt
fittings & fixtures and inventory of the equipment as detailed in annexure-1 attached as also
two car parking space hereinafter referred to as "Demised Premises".

WHEREAS the Tenant has requested the Landlord to provide him with this flat concerning 1,
Nirma Plaza, Makwana Road, Marol, Andheri, Mumbai Maharashtra, 400059 of the
property and the Landlord is agreed to rent the flat to Tenant for the property for residential
purpose only. As the Tenant wants to arrange for residential accommodation for a self-family
in the said premises.

WHEREAS the Landlord and the Tenant are getting into this agreement willingly and they
are competent to make the Rent Agreement.

NOW THEREFORE in consideration of the mutual promises and covenants contained in this
Agreement and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties agree as follows:
1. DURATION OF RENTAL AGREEMENT
The LESSOR has agreed to lease out Flat no. 202 to the lessee for 11 months as it
commences from 05-01-2022 of the agreement and shall be valid till 05-11-2022.
Thereafter, the same may be extended further on mutual consent of both parties.
2. AMOUNT OF RENT
2.1 The Tenant has to pay the monthly rent of 60,000. The rent should be paid in
advance monthly on 7th English Calendar Month.
2.2 After every 5 years the rent will increase by 5% on the last rent paid.
3. PAYMENT OF DEPOSIT
3.1 The tenant will pay to the Landlord an interest-free refundable security deposit of
Rs. 1,20,000 equals two months agreed in negotiations vide cheque no “413081”
dated 05-01-2022 at the time of signing the Rent Agreement.
3.2 The said amount of the Security deposit shall be refunded by the Landlord to the
Tenant at the time of handing over possession of the demised premises by the
Tenant upon expiry or sooner termination of this Rent after adjusting any dues (if
any) or cost towards damages caused by the negligence of the Tenant or the
person he is responsible for, normal wear & tear and damages due to Act of God
exempted.
3.3 In case the Landlord fails to refund the security deposit to the Tenant on early
termination or expiry of the Rent agreement, the Tenant is entitled to hold
possession of the Rented Premises, without payment of rent and/or any other
charges whatsoever, till such time the Landlord refunds the security deposit to the
Tenant. This is without prejudice and in addition to the other remedies available
to the Tenant to recover the amount from the Landlord.
4. MAINTENANCE CHARGES
That the Tenant shall pay to the Landlord a monthly maintenance charge of Rs.
20,000 towards the maintenance of Generator & Elevator, Salaries towards guards,
Charges for Electricity Maintenance for Common Areas, Charges towards cleaning of
Common Areas and towards maintaining the lawn, whichever applicable.
5. ELECTRICITY AND WATER CHARGES
5.1 That during the Rent period, in addition to the rental amount payable to the
Landlord, the Tenant shall pay for the use of electricity and water as per bills
received from the authorities concerned directly.
 5.2 For all the dues of electricity bills and water bills till the date the possession of the
premises is handed over by the Landlord to the Tenant, it is the responsibility of
the Landlord to pay and clear them according to the readings on the respective
meters. At the time of handing over possession of the premises back to the
Landlord by the Tenant, it is the responsibility of the Tenant to pay electricity &
water bills, as presented by the departments concerned according to the readings
on the respective meters up to the date of vacation of the property.
6. NO TENANCY
It has not been allowed to the tenant that he cannot sublet any or full property to
anyone in any circumstances whatsoever and the same shall be used for the
“bonafide” residential purposes only.
7. DUTIES AND OBLIGATIONS OF THE LANDLORD
7.1 That the Lessor will ensure to the Lessee a peaceful and uninterrupted use and
enjoyment of the flat during the terms of this lease and extension thereof without
any interruption from the Lessor or any of his/her agents.
7.2 The Landlord should ensure that all the furniture should be in proper condition, it
should be checked before leasing the flat.
7.3 The Landlord should give the receipt of all the payment that has been made by the
Tenant, as it is the conclusive proof of the payment.
7.4 The Landlord has to refund the security deposit in case there is an earthquake,
natural calamity or the landlord has given the part of the flat given to any other
person. Then the Tenant can terminate the rental agreement and can leave the
place and the security deposit should be returned to the Tenant.
7.5 The Demised Premises is free of all construction defects that are moisture,
leakage, cracks, tiles.
7.6 The Landlord will pay all the tax that will be levied on the premises to the
government authorities and any other fees also should be paid by the Landlord.
8. DUTIES AND OBLIGATIONS OF THE TENANT
8.1 The Tenant will only use the property for residential and not for any business on
that premise. If the Tenant will use it for business purposes, then he should have
to vacant the Demised Premise.
8.2 The Tenant should be maintaining the Demised Premise in good condition, and it
should be neat and clean, and the Tenant is not allowed to put his garbage in the
corridor.
 8.3 The Tenant shall pay charges for electricity and water consumed as per bills
received from the concerned authorities before the due date.
8.4 The Tenant shall not make any change in the structure of the flat, cannot add or
alter but the Tenant can install any other small things like paintings, and wall
hangings.
8.5 All the minors’ repairs should be carried out by the Tenant at its own cost, but all
the major repairs should be done by the Landlord.
9. ALTERATION
9.1 The Tenant is not allowed to alter or do any changes to the Demised Premise or
install anything that is already on the premise cannot be allowed. Although the
Tenant can install things that are not on the premise.
9.2 The Tenant must remove all the additional items that he installs in the premise
and restore them as default.
10. FURNITURE AND APPLIANCES
10.1 At the time of returning of the Demised Premise the Tenant is required to
maintain all the furniture and fixtures should be in the proper condition at the time
of giving back the flat to the Landlord. There will be 3 weeks maintenance period
after the possession of the tenant.
10.2 And if there is any repair that comes in 3 weeks then the Landlord is liable to
pay for the repairs like plumbing.
10.3 On the time returning of all the electrical board and electrical appliances
should be in proper condition and if there is any fault in the electrical board then
the Tenant has to pay for the repairs.
11. LOCK-IN PERIOD
11.1 That this Rent Agreement has a lock-in period of 4 months and cannot be
terminated by either party. After the completion of the lock-in period, the Tenant
can terminate the Rent Agreement by giving a 1 months’ notice to the Landlord or
the rent instead. Likewise, after the completion of the lock-in period, the Landlord
can also terminate the Rent Agreement by giving 1 months’ notice to the Tenant.
11.2 If the Tenant is not paying the rent for 2 consecutive months, then the
Landlord has the right to terminate the agreement and can force the Tenant to
vacant the Demised Premise.
12. INSPECTION
 The Landlord has the right to visit the Demised Premise for inspection with
authorized agent, servant, workmen. For repair, construction, the Landlord is required
to give 24-hour notice to the Tenant.
13. DISPUTES AND APPLICABLE LAW
In case of any dispute to this agreement and the clauses herein, the same will be
settled in the jurisdiction of the local civil courts.
14. REGISTRATION
That the Rent Agreement will be registered in front of the registrar and the charges
towards stamp duty, court fee & lawyer/coordinator will be equally borne by the
Landlord & Tenant.

IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at

[[Place of Execution]] on the date indicated above.

[Mr. Srikanth Shukla |] [Mr. Durgesh Kashyap

|]

[srikanthshukla@gamil.com: Identity | Signature]] [durgeshkashyap@gmail.com: Identity |

Signature]

____________________________________
_____________________________________

By: [Srikanth] By: [Durgesh]

Title: [Shukla] Title: [Kashyap]

WITNESS

1. Rahul Sharma
1st Floor, Chemitex House, Main Street, Hiranandani Garden,
i.i.t, Powai, Mumbai, Maharashtra, 400076
[rahulsharma@gmail.com: Identity | Signature] __________________
[Passport Size Photo: Image]
2. Shreya Gandhi
Dj Road, Near Khasiyat Restaurant,
Vile Parle(w), Mumbai, Maharashtra, 400056
[shreyagandhi@gmail.com: Identity | Signature] __________________
[Passport Size Photo: Image]