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OWNER TENANT
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Whereas the LESSEE approached the LESSOR and offered to take the demised
House on Lease for a period of 24 months commencing from 20 th December 2021
and 29th December 2022, shall be renewed for the further period on mutual terms
and condition. Whereas the Lessor agreed to do so subject to terms and
conditions set our hereunder:
LESSEE amount paid on 20th December 2021 by cash The LESSEE has paid
the Security Deposit of Rs. 3,50,000/- (Rupees Three Lakhs and Fifty
Thousands Only), for the leased premises. Security Deposit will be
refunded by the Lessor on termination of the Lease/the date of handing
over vacant possession of the demised premises, after adjustment for the
arrears of rent, electricity and water charges if any and cost of any damage
caused to the demised premises due to negligence of the Lessee. Normal
wear and tear excepted.
2. On termination of the Lease, the Lessor and the Lessee shall carry out a joint
inspection of the demised premises before vacant possession is handed over
to the lessor for the purpose of ascertaining damage to the demised premises
if any. Normal wear and tear accepted. In the event, the Lessor claims for any
damages, the same shall be settled by mutual consent and adjusted from
Security Deposit as mentioned above.
3.
OWNER TENANT
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a. To pay all taxes, local rates and other charges levied or to be levied
by Government or local authority in respect of the demised House;
b. To permit the Lessee to install and to take away from the demised
house their own furniture, air conditioners, other appliances etc. in
installing or removing the said fixtures etc., the Lessee shall see that
no damage is done to structure of the building.
OWNER TENANT
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6. The LESSEE covenant with the Lessor that in case either of the party desires
that the agreement will be terminated during the period of lease, after giving
3 months notice by either party to this agreement.
8. The sole jurisdiction of all matter connected with the Lease agreement shall be
vested with the courts in Chennai City and the entire cause of action relating
to any dispute of the Lease agreement shall be deemed to have raised in
Chennai city only.
In Witness whereof this Lease Deed has been executed by the parties hereto at
Chennai, the day, month and year first above written.
OWNER TENANT
WITNESSES :
1.
2.