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LEASE DEED

THIS INDENTURE of Lease (hereinafter referred to as the “Lease Agreement”) made and
executed on this DD-MM-YYYY, hereinafter referred to as the “Effective Date” at Chennai
by and between,

Mr. Balaji Pasupathy, S/o. K.Pasupathy, aged about 40 years, residing at No: 21B,
Govindu Street, T.Nagar (Near Panagal Park), T.Nagar, Chennai – 600017,
(Hereinafter called ‘The LESSOR the term and expression shall mean and unless
repugnant to the context or meaning thereof, be deemed to include their heirs, executors,
administrators and assigns” of the One Part.

AND

<Name of Lessee>, S/o. <Son of> residing at <Permanent Address>, (hereinafter called
the “The LESSEE” which expression shall, unless repugnant to the context or meaning
thereof, be deemed to include its successors, and permitted assigns) of the Other Part.

LESSOR and LESSEE are hereafter collectively referred to as the ‘Parties’.

WHEREAS the Lessor herein is absolutely seized and possessed or otherwise well and
sufficiently entitled to the building as more fully described in the schedules hereunder
written together with rights, easements, privileges, advantages and appurtenances
hereinafter referred to as “the said Property”, in a manner free from all encumbrances and
liabilities at the time of possession by the Lessee, whatsoever or howsoever and has a clean
unrestricted and marketable right title and interest thereto and is legally permitted and
competent to enter into this Lease Agreement on the terms and conditions contained
hereto. The sketch / map of the said premises is annexed and the same shall be treated as
part and parcel of this Lease Agreement.

WHEREAS the Lessee has requested the LESSOR to grant the Lease for the purpose of
carrying out <Name and brief description of Business> and its related business in the
said Property and which is more clearly stated in the Schedule appended hereto, at a price
of Rs. 300,000/- (Rupees Three Lakhs Only) Per month, hereinafter referred to as “SAID
DEMISED PREMISES” and the Leased Floor which are more particularly described in the
schedules herein below, the Lessor upon the terms and conditions stipulated below under,
save as otherwise provided hereunder, have agreed to lease out the Said Property to the
Lessee. The above Lease amount/s shall be payable by way of either A/c Payee Instruments
or electronic transfer of money, by deducting the tax, if any, statutorily deductible at Source
(T.D.S) and obtain valid individual Receipts from him or his authorized representative/s in
the event of such deduction, if any, at source, the Lessee shall be liable to give or arrange
necessary T.D.S. Certificates to the Lessor in accordance with the provisions of the Income
Tax Act, 1961.

NOW, THEREFORE, THIS LEASE DEED WITNESSETH as follows:

The recitals contained hereinabove shall constitute an integral part of this Lease Deed.

ARTICLE 1
LEASE, DURATION OF LEASE AND EXTENSION

A. In consideration of rent hereby reserved and subject to conditions to be performed


under this Lease Agreement, the LESSOR hereby grants, and the LESSEE hereby
takes on lease the said Property stated in the Schedule appended hereto.

B. Subject to the provisions of this Lease Deed, the lease of the said Property shall be
for a term of 3 years commencing from DD-MM-YYYY.

C. Lease period can be renewed with express written mutual consent for further period
of 03 years on expiration of 03 years.

D. The RENT of the SAID premises shall be enhanced by 7% (seven percent) by the
LESSOR after every twelve (12) months, beginning on the Effective Date of this Lease
Agreement.
ARTICLE 2

COMMENCEMENT OF LEASE FOR


THE SAID PROPERTY

A. The RENT of the said Floor shall commence from the effective date i.e. DD-
MM-YYYY.

ARTICLE 3
RENT, SECURITY DEPOSIT AND TAXES

A. (i) It is hereby agreed that the LESSOR shall charge, and the LESSEE shall pay
to the LESSOR, monthly rent amounting to Rs.3,00,000/- (Rupees Three
Lakhs Only).

(ii) The monthly rent so payable by the LESSEE to the LESSOR shall be subject
to applicable income-tax deductions at source and other statutory
deductions, if any, and such other adjustments as may be agreed to under
the Lease Deed.

(iii) The monthly rent of the said Property shall be payable by the LESSEE by
the 5th day of every preceding English Calendar month.

(iv) Goods and Services Tax if any applicable on monthly rent in respect of said
Property shall be borne and paid by the LESSEE to the LESSOR upon
receipt of invoice from the LESSOR.

(V) The LESSOR shall pay all present and future property tax with respect to the
said Property.

ARTICLE 4
OBLIGATIONS ON THE PART OF THE PARTIES

A. The LESSEE to keep said Property including the walls, floors, ceiling, roof and
structure and the water and drainage mains and pipes and sanitary apparatus
thereof in good, substantial repair and in proper working order and condition and,
as the case may be, also to keep the electrical installation and wiring in the said
Property in good repair and condition in accordance with the Indian Electricity Act,
2003 and the rules and regulations thereunder as may be amended from time to
time.

The LESSEE hereby covenants with the LESSOR as follows:

B. SECURITY DEPOSIT: The LESSEE has paid a ten (10) months rental deposit of Rs.
30,00,000 /- (Rupees Thirty Lakhs Only) to the LESSOR. The LESSEE has agreed
to deposit the same in the Bank account of LESSOR directly. The Security deposit
shall not carry any interest and the entire amount thereof shall be refundable to the
LESSEE by the LESSOR upon the expiration of lease or any earlier determination
thereof whichever is earlier, simultaneous with the LESSEE delivering vacant
possession of the demised premises in the good and tenable condition to the
LESSOR, normal wear and tear expected and subject to the deductions towards the
undisputed arrears of rent, electricity consumptions charges, water consumption
charges, amounts incurred, if any, by the LESSOR for rectifying the damages
caused, if any, to the deemed premises of the LESSOR.

The deposit amount is paid as per the below manners.

1. Rs.______/- (Rupees Twenty lakh only) vide bank transfer


UTR:____________________________ dated on_______________.

2. Rs.______/- (Rupees Ten lakh only) vide bank transfer


UTR:____________________________ dated on_______________.

J. The LESSEE shall pay the reserved rent on the days and in the manner aforesaid.

K. The LESSEE shall either pay directly to the authorities concerned or to the LESSOR
all charges for and in connection with electricity, water, sewerage of any other
municipal services consumed in or upon the said Property as shown by the
separate meter or meters thereof or lumpsum as per the rates charged and to pay
the rent of such meter or meters or bills.

L. The LESSEE shall keep the interior of the said Property in good and tenantable
repair and condition (reasonable wear and tear and damage by earthquake, tempest
or other acts of God or inevitable accident or by irresistible force of nature always
excepted).

M. The LESSEE shall not carry on, nor permit to be carried on, any unlawful activities
or any such activities in the said Property.

N. The LESSEE shall take care of the maintenance of the Elevators / lifts and shall pay
for all statutory or maintenance costs associated with it in the said Property.

ARTICLE 5
TERMINATION OF LEASE

A. It is hereby agreed that the LESSEE shall have the option to terminate the Lease at
any time during the period of lease by serving upon the LESSOR a written Lease
Termination Notice of 03 (Three) months; provided however, that in case the
LESSEE terminates this Lease Agreement for convenience before the expiry of the
initial three (3) years, then the LESSOR shall be entitled to retain the Security
Deposit equivalent to 6 (six) months rent.

C. The LESSOR, during the term of the lease, shall not have the right to terminate the
lease, save and except as provided in clause 5(D) herein below.

D. In case the LESSEE fails to pay the rent for 2 (Two) consecutive months, or where
the LESSEE has materially breached the terms of this Lease Agreement, or where
the LESSEE has violated any governmental law or regulation which makes the
continuation of this Lease Agreement untenable, then the LESSOR may, at the
LESSOR’s sole discretion, serve a 30 days written notice to the LESSEE for
rectification of such defects or discharge of the due amounts. However, if the
LESSEE still fails to discharge of its rectification(s) on the expiry of the notice, the
LESSOR at its discretion, shall thereupon terminate the lease. The LESSEE shall
also be liable to pay the overdue payments with the interest of the said Property to
the LESSOR.

The LESSEE shall indemnify and make good to the LESSOR the costs incurred/loss
suffered by the LESSOR due to the enforcement of any claim, action or proceeding
against the Said Property by any court, tribunal, municipal corporation, statutory or
quasi- judicial authority during the tenure of this Lease Agreement.

E. The LESSEE, on the expiry or sooner termination of the Lease, shall be liable to
vacate the said Property and handover the peaceful possession of the said
Property to the LESSOR and the Security deposit amount thereof shall be
refundable to the LESSEE by the LESSOR simultaneous with the LESSEE delivering
vacant possession of the demised premises in the good and tenable condition to the
LESSOR, normal wear and tear expected, subject to the provisions of Article 5(A).

ARTICLE 6

SIGNAGE
A. The LESSEE shall have the right to display its name, logo, corporate symbol on the
sign board(s) in and around the said Building and the said Property at the
following locations, without any extra cost or rent or amounts payable to the
LESSOR:

(i) Two “2” signage on the entire façade of the said Property in case of corner
property, the signage will be installed on all the visible sides of the property.

(ii) Signage plates on the façade of the premises.

ARTICLE 7

USAGE AND ACCESS

A. The LESSOR represents that the said Property is permitted to be used for
Commercial purposes as per the applicable laws, rules and regulations. The
LESSEE will not use the said Property for any other purpose, other than as
specified in this Lease Agreement. The LESSOR undertakes to pay all taxes at a
commercial rate as applicable by the concerned authorities, for LESSEE, to use the
said Property for office / commercial purposes.

B. The said Property shall be used by LESSEE only for its own use and for those of its
Branches, offices, or establishments or its subsidiaries or its group companies.

C. Further Provided that all assigning / sub-leasing rights will be co-terminus with
the existing Lease Agreement between the LESSOR and the LESSEE and shall stand
automatically terminated on termination of this Lease Agreement. The LESSEE shall
continue to be solely responsible to the LESSOR for the performance and observance
of all the terms and conditions of these presents.

D. The LESSEE’S employee(s) / staff, guests and visitors shall have unrestricted and
uninterrupted access to the said Property 24 (twenty-four) hours a day, during the
term of this Lease Agreement. Further, the LESSEE’S employee(s) / staff, guests
and visitors shall have the right to use the common areas such as the entrance
areas, staircases, corridors, lifts etc. always leading to the said floors of the said
Building during the subsistence of the Lease Agreement to the payment of rent and
other charges by the LESSEE as stipulated in this Lease Agreement.

E. The Lessee agrees that the said Property is being provided on an as-is basis as
detailed under the Schedule attached hereto, and any further modification,
construction, etc, will need to have a prior written consent from the LESSOR and at
LESSEE’s sole cost.

F. The LESSOR shall, upon the LESSOR’s express written consent, permit the LESSEE
to carry out, at the cost of LESSEE but without in any way damaging the structure
of the said Property, erection of internal partitions and/or other internal alterations
and additions, construction of strong rooms, as may be necessary for the business
of the LESSEE. Further, the LESSEE shall be entitled to have fiber optic
connectivity, Internet Connection, Cable Connection, or any other connection and to
lay down cables, wires, and antenna in Terrace etc. for the same as may be required
by the LESSEE for its business purposes, subject to applicable rules and regulation.

G. The LESSEE shall further be entitled to additions and alterations required in


premises for computerization, including cabling, permission for securing additional
power requirements and installation of Local Area Network.

H. The LESSEE shall, subject to compliance with all applicable laws, have the right to
install a Generator Set and the LESSOR shall provide adequate space in the said
Building for installation of the same without charging any extra cost.

I. Further the LESSEE shall also at its own cost and charges be at liberty to paint the
said Property internally and also to install in the said Property domestic or electric
appliances, other fittings and fixtures including screens, racks, shelves or partitions,
telephone lines, communication and other Equipment, cables, fixtures, fittings,
lights, fans and such conveniences reasonably required by it for or in connection
with the proper and full use, occupation and enjoyment of the said Property for
office purposes. The LESSEE shall be entitled at any time during the continuation of
the lease period and upon its expiry or earlier revocation or termination to remove at
its cost and expense all or any of the foregoing without causing any damage to the
said Property normal wear and tear excepted. Further Provided that the LESSEE
shall upon vacating the said Property remove such fittings and fixtures owned and
installed by the LESSEE (fit outs) and hand over the said Property in habitable
condition (normal wear and tear excepted).

J. The LESSEE shall attend to all day to day and minor repairs including fuses, fittings
and fixture including leakage of water taps etc. at its own cost, but major structural
repairs such as leakages of roof, any cracks in the walls shall be attended to within
a reasonable time by the LESSOR at its own cost. If the LESSOR does not and/or,
for any reasons, is not able to attend to such repair as pointed out by the LESSEE
in writing within a reasonably agreed time, then the LESSEE may get the repairs
done on its own and deduct the cost from the rent payable under the Lease.

K. The LESSEE shall not keep or place any articles, things or belongings whatsoever in
the Lobby or in any other common areas of the said Property and shall not obstruct
or cause obstructions in the said Lobby or other common areas and shall refrain
from doing or causing anything which will or will be likely to cause any adverse
impact on the elevation of the Building or the elevation and look and ambiance of
the Lobby or any other common area in the Building.

L. It is specifically agreed between the parties that requisite permissions, if any, for
carrying out any major internal changes, repairs, major additions alterations,
construction of strong rooms, etc. by the LESSEE shall be obtained by the LESSOR
at its own costs. Further the LESSOR shall abide by and fulfil all applicable rules
and bye-laws and all legal conditions and obligations applicable to the use of the
said Property.

M. The LESSOR and its authorized agents shall be entitled to enter the said Property
for the purpose of inspection and maintenance of the said Property at any time
upon the LESSOR’s sole discretion, provided however, such inspection should not
affect the LESSEES’ business, its staff, and its customers/ visitors.

N. The LESSEE shall have the right to use the open space in the compound for
stacking materials, debris, etc. during the course the interior decoration work or any
renovation/s of the interior of the said Property that may be undertaken by the
LESSEE without in any way causing nuisance or annoyance to other occupants of
the said Building.

ARTICLE 8

ELECTRICITY & WATER CONNECTION AND CHARGES

A. LESSOR shall provide one CT meter for each floor (two floors) towards three phase
power connection.

B. The LESSEE agrees to pay during the period of lease the charges for the electricity
charges as per the meter readings of the electric meter provided by the LESSOR for
the said property as per the commercial rates of the concerned electricity authority.
The LESSEE also agrees to pay the invoices of the relevant municipal authorities
during the leased period.

C. In case the LESSEE desires to get additional load of electricity for the said Property
sanctioned from concerned electricity supplying authority or any other appropriate
authority, the LESSEE shall get the same at its own cost and the LESSOR will give a
no objection letter for the same. It is agreed and understood that if for taking such
additional load the LESSEE is required to pay any Deposit to the authorities, then at
the termination of the lease the LESSEE shall be entitled to refund of the same from
the electricity authorities and the LESSOR shall render all help and co-operation to
the LESSEE for the same.

D. The LESSOR and the LESSEE undertake not to do any act or omit to do any act or
thing which may interrupt or disconnect the electricity of the other in the said
building / said Property.
ARTICLE 9

INSURANCE AND SAFETY


A. The LESSEE shall obtain at its own cost, any insurance cover in respect of its goods
and belongings in the said Property and in respect of a claim under such insur-
ance, the LESSEE shall only be entitled to receive and retain any amount settled by
the Insurer.

ARTICLE 10
PEACEFUL ENJOYMENT OF THE PROPERTY

A. In consideration of the rent herein agreed and all payments as payable to the
LESSOR being paid by the LESSEE regularly and other terms and conditions and
covenants as cast on the LESSEE being observed and performed by the LESSEE,
the LESSEE shall peacefully enjoy the said Property during the renewed lease
period and its extension, if any, without any interruption by the LESSOR or any
other person. The LESSOR agrees and undertakes to ensure that the LESSEE will
have quiet and peaceful possession of the said Property, without any kind of
hindrance whatsoever subject to the LESSEE’S compliance with the terms and
conditions of this Lease Agreement.

ARTICLE 11
WARRANTY

A. The LESSOR represented and warranted that he is the lawful owner and fully and
totally entitled to, seized, and possessed of the said Property free from all
encumbrances whatsoever and that there is no charge, mortgage, trust etc., thereon.

ARTICLE 12

LEGAL FORMALITIES

A. It is hereby agreed that the LESSOR shall provide to LESSEE’S Legal Counsel, copy
of all relevant documents and assistance as may be required by LESSEE.

ARTICLE 13

CHARGE ON PROPERTY

A. It is agreed that in the event the LESSOR sells and/or transfers its right title and
interest in the said Property or any part or share thereof to any third party or
parties, the said sale shall be intimated to the LESSEE beforehand.
B. It is further, agreed between the LESSOR and the LESSEE, that with written
intimation to the LESSEE and where the LESSEE shall not have the right to
withhold its permission, the LESSOR shall have right to sell, mortgage, lien and/or
transfers its right title and interest in the said Property or any part or share thereof
to any third party or parties. Further, such Sale / Transfer / Conveyance Deed /
Mortgage Deed / etc., which may be executed in respect of the said Property in
favor of any third party, shall specifically contain a clause that the LESSEE is in
possession of the said Property by virtue of the present Lease Deed and the said
third party (the intended transferee of the said Property) shall abide by the
provisions of the present or extended Lease Deed and if the intended transferee likes
to not to continue the lease , then, he shall give a notice period of six (6) months for
vacating the Leased Premises.

ARTICLE 14

FORCE MAJEURE

A. If during the term of the Lease Agreement, as a result of national emergency, riots,
general strikes, war, fire, tempest, flood, act of god, National / State lockdown or
other causes, and which is published in a “National Daily” the Lessee is unable to
have access to the use of the leased premises or is unable to have access thereto on
account of force majeure cause/s resulting in loss or destruction of the leased
premises, the obligations of the Lessee to pay the compensation / rent to the Lessor
under this Agreement shall be suspended, however if such force majeure cause/s
cease to operate during the Lease term, then the obligation of the Lessee shall come
into operation immediately. If such an event as contemplated in this clause persists
for more than 30 days, this Lease Agreement shall at the option of the Lessee stand
terminated at the expiry of such 30 days and in which case all consequences of
termination will follow.

ARTICLE 16

SEVERABILITY

A. If any term or provision in this Lease Agreement shall be held to be illegal or


unenforceable, in whole or in part, under any enactment or rule of law, such term or
provision or part thereof shall, to that extent, be deemed not to form part of this
Lease Agreement but the validity and enforceability of the remainder of this Lease
Agreement shall not be affected.

ARTICLE 17

NOTICE

A. Any notices or other communications required or permitted in terms of these


presents shall be deemed to have been duly served if, (a) delivered in person; or (b)
sent by registered or certified mail, return receipt requested, and addressed as
follows:
LESSOR:

Balaji Pasupathy,
No: 21B, Govindu Street,
T.Nagar (Near Panagal Park),
Chennai - 600017

LESSEE:
<Name>
<Permanent Address>

ARTICLE 18

EXPENSES

A. The Parties hereto shall bear their own costs and expenses for the investigations,
negotiations and examinations contemplated by this transaction, including costs of
their respective accountants and attorneys or any other Legal expenses.
B. Expenses relating to execution and registration of the Lease Agreement (including
stamp duty, registration charges and miscellaneous expenses) shall be shared
equally by the LESSEE and the LESSOR. However, the services towards such
registration shall be undertaken by LESSEE.

ARTICLE 19

SUCCESSORS AND ASSIGNS; ASSIGNMENT

A. This Lease Agreement shall benefit and bind the LESSOR and the LESSEE and their
respective successors and permitted assigns. No Party to this Lease Agreement shall
assign its rights, obligations or interest herein including, without limitation, monies
under this Lease Agreement without the prior written consent of the Other Party
except as agreed.

ARTICLE 20

JURISDICTION

A. The parties hereby submit to the non-exclusive jurisdiction of the Courts at Chennai
in respect of any dispute arising out of or in connection with this Lease Agreement.
ARTICLE 21
MISCELLANEOUS

A. Modifications: The terms of this Lease Agreement shall not be altered or added to
and nor shall anything be omitted therefrom except by means of a Supplementary Deed
in writing duly signed by the parties hereto.

B. Original Lease: It has been agreed between the LESSOR and the LESSEE that there
shall be two copies of the Original Lease Deed, and LESSOR and LESSEE shall have a
copy each.

SCHEDULE

DETAILS OF PREMISES

All the pieces and parcel of the commercial Building having ground, first and Second floor,
comprising 5500 Square Feet of Area, located in No: 21B, Govindu Street with Ground
Floor, 1st and 2nd Floor

FLOOR AREA
Approximately 5500 square feet

Property Address

North by : Residential House on Rear Road


South by : 40 ft Road
East by : 21-A, Govindu Street Res. House
West by : #20, Govindu Street, Res. House

IN WITNESS WHEREOF the parties hereto set their signature on this DD-MM-YYYY at
Chennai.

LESSOR LESSEE

(Balaji Pasupathy) <Name>


#21 B, Govindu Street <Address>
T Nagar, Chennai

<To annex>
1) PAN Card.
2) Aadhaar Card.
3) Company / Business GST registration certificate for which the building is
intended to be used.

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