LEASE DEED
This Indenture made on this 1st July 2019 between Mr.
Saurabh Bhasin S/o Mr. Y.K. Bhasin 117/426 (14) 'O' Block Geeta
Nagar Kanpur-208025 hereinafter called 'LEESOR' which
expression shall wherever the context so admits, mean and include
his heirs, executors, legal representatives and assigns, of the ONE
PART and authorized signatory of Mangalayatan University,
Aligarh, Delhi Highway, Beswan Aligarh-202146 here in after called
the 'LESSEE' which expression shall wherever the context so admits,
mean and include its successors in interest and assigns of the
OTHER PART, witnesseth:
WHEREAS the Lessor declares that he is the absolute owner of the
premises at back side of first floor 117/426(14) 'O' Block Geeta
Nagar Kanpur-208025 AND WHEREAS the Lessor has offered to
let the said premises on the terms and conditions hereinafter
contained:
AND WHEREAS the Lesses have agreed to take the said premises
on Lease on the following terms and conditions:
NOW THIS INDENTURE WITNESSETH AS FOLLOWS:
1- In consideration of the rent hereinafter received and the Lessee
covenants and conditions hereinafter contained 117/426 (14)
Block 'O' Block Geeta Nagar Kanpur the Lessor do hereby
demise unto the Lessee the said premises more particulars
described in the schedule hereunder written together with
electrical installations fittings & fixtures therwith.
2- To hold the same upto the Lessee for a period 11 months from
31st July 2019 to 31st May 2020 at Rs. 20,000/- (Twenty
Thousand Only) per month for the said premises in favor of
Mr. Saurabh Bhasin such rent being payable within 7 days in
advance in respect of which it becomes due.
3- That the lessee has paid interest free advance of Rupees
20,000/- (Twenty thousand Only) as security adance which
will be refunded without interest by the lessor after 11 months
tenancy of the subject property, after deducting any dues
damages etc.
4. The Lessee will not be entitled to deduct/adjust any amount of
rent in the security amount during the period of tenancy.
5- If any damage is caused on account of any negligence, act or
emission of the lessee the lessor shall be entitled to
reimburse/deduct from the security amount.
THE LESSEES COVENANT WITH THE LESSOR AS
FOLLOWS :
(i) To pay the reserved rent on the day and in the manner aforesaid
and to pay all charges for electricity and water tax
/consumption proportionally by the Lessee on the demised
premises as per sub meter readings.
ii) To permit the Lessor and his agents with or without workmen
and others at all reasonable times during the day to enter upon
the demised premises to view the condition thereof or to carry
out necessary repairs thereto, the Lessor however first giving
to the Lessee twenty four hours notice in writing of his
intention so to enter.
(iii) Not to make any additions or alterations in the demised
premises except with the written permission of the Lessor. To
use the demised premises for ffice purpose by the Lessees
employees and not to do or suffer to be done in the said
premises anything which may be or become a source of
nuisance or annoyance to the Lessor. Lessees employees shall
not use passage for parking of bikes etc.
(i) Not to sublet the premises in whole or in part without prior
written permission of the Lessor Under no circumstances shall
the period of such sub-tenancy extend beyond the date on
which this Lease absolutely determines.
(ii) On the determination of the tenancy yield up the demised
premises in as good order and conditions as the same are now
subject to the reasonable use and wear and tear damage by fire
riot or Act of God or accident being exemted.
(iii) To make good any damage caused due to the negligent act of
the Lessee or any of its servants the quantum of compensation
in such cases being the new replacement cost of the articles or
fittings etc. so damaged if the article or fitting as such is not
replaced.
(iv) That the lessee shall not erect on the demised premises any
permanent structure without the written consent the lessor
provided that the lessee may without the lessor consent erect
tempraly partition at its own cost.
THE LESSOR HEREBY COVENANTS WITH THE LESSEE
AS FOLLOWS :
(i) On the lessee paying the rent hereby reserved and observing
and performing the several covenants and stipulations hereby
contained they shall peaceably hold and enjoy the demised
premises during the term hereby created without any
interruption by the Lessor or by any person rightfully claiming
through under or in trust for him.
(ii) to keep the said premises with the roofs walls and passages
wind and water tight and the sanitary and electrical
installations in good order and repair and to carryout from time
to time all structural repairs in respect there of & maintenance
etc. will be arranged by the lessee at their expenses.
PROVIDED ALWAYS AND IT IS HEREBY MUTUALLY
AGREED AS FOLLOWS :
(i) This Lease is for a period of 11 months from 1st July 2019 to
31st May. 2020 with an option to renew the same for a further
period on the terms and conditions mutually agreed upon.
(ii) In the rent hereby reserved or any part thereof shall be unpaid
for two months after becoming payable lessor shall have right
to lock rented premises and stop water and electricity supply
and can give notice for aviction of the premises.
(iii) In case the demised premises or any part thereof shall at any
time during the said term be destroyed or damaged due to
natural calamity as to be unfit for occupation and use by the
Lessee, payment of the rent hereby reserved or a fair
proportion thereof according to the nature and extent of the
damage sustained shall be suspended until the demised
premises shall be again rendered fit by the Lessor for
occupatuion and use. If the demised premises shall not be re-
built or re-instated by the Lessor within three calendar months
after the event the Lessee shall be at liberty to give notice to
the Lessor in writing determining this Lease and thereupon this
Lease shall absolutely determine but without prejudice to any
claim by either party against the other in respect of any
antecedent breach Of covenant herein contained.
SCHEDULE REFERRED TO ABOVE
Premises at back portion on first floor 117/426 (14) 0 Block Geeta
Nagar Kanpur approx 1000 approx builtup area which includes three
bed rooms, attached toilets drawing room, kitchen & store. IN
WITNESS WHEREOF THE PARTIES HERE TO HAVE SIGNED
THIS AGREEMENT ON THIS FIRST DAY OF JULY TWO
THOUSAND-NINTEEN.
Signed and delivered by
Deepesh Mishra Mr. Saurabh Bhasin
(Director Sales and Marketing) Lessor above named
Authorized Signotary In the presence of:-
Managalayatan Univesity
Lessee above named Witness:
In the Presence of :- 1.
Witness:- 2.
1.
2.