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AND IN FAVOUR OF
WHEREAS the party of the SECOND PART has applied to the first part to let
out the said premises more fully described in the schedule here under
monthly rent of Rs.7000/- (Rupees Seven Thousand Only) payable according
to English calendar month exclusive of Electric Charges, for the purpose of
“TRADING” commercial only. THIS RENTAL AGREEMENT is executed on
the following terms and conditions.
1.The Tenant shall pay the Electricity Charges according to the Meter reading
of the respective premises. The party of the Second Part shall pay if any
increase in Electricity Deposit. The party of the First Part is not liable for any
fault or misuse of electric power. It fully depends upon the party of the Second
Part.
2. The Tenant has paid an advance of Rs.2,00,000 (Rupees Two lakhs only )
to of the Owner as agreed on this day of the agreement and that the
agreement itself is a receipt for the same.
5. The early of the Second part shall not sublet the said premises and shall
not make any alternation without the permission of the party of the First part
obtained in writing.
6. The party of the Second part shall keep the premises in good condition and
maintain the Electricity installations and fittings in good conditions.
7. Both the parties shall give three month notice to vacate the said premises
to each other.
8. The party of the Second Part shall not store any combustible or dangerous
materials or substance in the said premises let out to him.
9.The party of the Second part shall not cause any damage or waste to the
said premises, which is likely to impair or alter materially the utility of the
building.
10.It is hereby expressly agreed and declared that if the party of the Second
Part commits default in the payments of the monthly rents for consecutive
period of two months, the party of the first part shall not withstanding the
period of Eleven months herein before stipulated for processed against the
party of the Second part to eject the party of the Second.
WITNESSES:-