LEASE DEED
This Lease Deed is made and executed at Hyderabad on ___ April 2025 By and
between
Shri. C S Mahammad Jaheer S/o. C S Magbul Basha aged 38 years Occupation:
Govt. employee (Aadhar-______________________) R/o. [Link].6/13, Bahar,
Sahara States, Mansoorabad, LB Nagar, Hyderabad – 500068.
(Hereinafter called the LESSOR which shall mean and include all their legal heir,
legal representatives, successors executors, attorneys agents administrators etc...)
AND
Smt. Silpa BS W/o Dilip Kumar Valasa aged 42 years Occupation: Business, R/o
No.23, 6th Cross, Swarnalatha Mansion, Near Sea College Road, Muneshwara
Layout, Krishnarajapuram, Bangaluru -560036( Aadhar-______________________)
(Hereinafter called the Lessee which shall mean and include all their legal heir, legal
representatives successors executors, attorneys, agents, assigns and administrators
etc).
WHEREAS the Lessor is the owner of the premises Villa No.34, Naksthra Township,
Siddanthi, Shamshabad -501218.
And Whereas the Lessor is desirous of giving on lease the said premises during the
term of this deed.
And Whereas the Lessee herein is in need of temporary premises for Residential
use has approached the Lessor with a request to allow the lessee herein to use and
occupy the said premises on rent basis for a period of 12 months commencing from
01.04.2025 and ending on 31.03.2025, on terms and subject to conditions hereafter
appearing.
And Whereas the Lessor have agreed to allow Lessee herein to use and occupy the
said premises for the aforesaid Residential purpose only, on Leave and Rent basis
for the above mentioned period, on terms and subject to conditions hereafter
appearing.
NOW THEREFORE IT IS HEREBY AGREED TO DECLARED AND RECORDED BY
AND BETWEEN THE PARTIES HERETO AS FOLLOWS:-
CREATION OF LEASE AND TERMS
1. In consideration of the monthly rentals agreed to be paid by the Lessee, the
Lessors hereby convey the said premises unto the lessee by way of lease for
a period with effect from 01.04.2025 and ends on 28.02.2026 and the rent is
payable equally between the Lessor No-1 & 2 is payable in 5th of every
calendar month.
2. The rent payable by the Lessee to the Lessors from 01.04.2025 to 31.03.2026
would be Rs.27,000 per month (Rent – Rs.25000/- & Maintenance –
Rs.2000/-) and with effect from 01.04.2026 till the end of 31.03.2027 the
lessee shall pay enhanced rent by 5% on the existing rent every 12 months.
The rent to be rounded to the nearest digit. The Lessee has deposited a
security refundable deposit of Rs.54,000/- in the lessor bank account as
mentioned in Annexure A.
3. Use: That the premises shall only be used by the Lessee for Residential
purpose. The Lessee shall maintain the said premises in its existing condition
and damage, if any, caused to the said premises, the same shall be repaired
by the Lessee at its own cost subject to normal wear and tear. The Lessee
shall not do anything in the said premises which is or is likely to cause a
nuisance to the other occupants of the said building or to the prejudice in any
manner to the rights of Lessor in respect of said premises or shall not do any
unlawful activities prohibited by State or Central Government.
4. Alteration: That the Lessee shall not make or permit to do any alteration or
addition to the construction or arrangements (internal or external) to the
premises without previous consent in writing from the Lessor.
5. No Tenancy: That the Lessee shall not claim any tenancy right and shall not
have any right to transfer, assign, and sublet in respect of the Premises or any
part thereof and also shall not mortgage or raise any loan against the said
premises.
6. Inspection: That, the Lessor shall on reasonable notice given by the Lessor
to the Lessee shall have a right of access either by himself / herself /
themselves or through authorized representative to enter, view and inspect
the premises at reasonable intervals.
7. Electricity Charges: The Lessee herein shall pay the electricity bills directly
for energy consumed on the premises and should submit original receipts to
Lessor indicating that the electricity bills are paid.
8. Lock in period: Both the parties have agreed to set a lock-in period of 3
months during which neither the Lessor shall ask the Lessee to vacate the
premises, nor the Lessee shall vacate the premises on his own during the
lock-in period. In spite of this mandatory clause, if the Lessee leaves the
premises for whatsoever reason, he shall pay to the Lessor monthly rent for
the remaining lock-in period at the rate of agreed upon in the agreement. On
the other hand, Lessor shall compensate the Lessee for loss and
inconvenience caused to the Lessee if he has been asked to vacate the
premises
9. Cancellation: That, Subject to the condition of lock in period (if any), if the
Lessee commits default in regular and punctual payments of monthly
compensation as herein before mentioned or commit/s breach of any of the
terms, covenants and conditions of this agreement or if any. Legislation
prohibiting the Leave and License is imposed, the Lessor shall be entitled to
revoke and/or cancel the License hereby granted, by giving notice in writing of
one month and the Lessee too will have the right to vacate the said premises
by giving a notice in writing of one month to the Lessor as mentioned earlier.
10. Possession: That the immediately at on the expiration or termination or
cancellation of this agreement the Lessee shall vacate the said premises
without delay with all his goods and belongings. In the event of the Lessee
failing and/or neglecting to remove himself and / or his articles from the said
premises on expiry or sooner determination of this Agreement the Lessor
shall be entitled to recover damages at the rate of double the daily amount of
compensation per day and or alternatively the Lessor shall be entitled to
remove the Lessee and his belongings from the premises, without recourse to
the Court of Law.
11. Furniture and Appliances: The said premises are having the Furniture and
Appliances mentioned in the Schedule II. Lessee shall do anti termite
treatment once in a year. The Lessee shall maintain the said Furniture and
Appliances in the said premises in its existing condition and damage, if any,
caused to the said Furniture and Appliances, the same shall be repaired by
the Lessee/s at its own cost subject to normal wear and tear.
12. Miscellaneous: In case of any delay in making payment of rent, the License
shall be liable and agrees to pay to the Lessor, interest at the rate interest at
rate of 2 percent per month compounded monthly until payment. Security
Deposit to be refunded within 5 days of vacating after inspection of the flat
and settled all the electrical bill and maintenance charges. The car park and
the other amenities will be used in accordance with the rules and regulations
of the Society or applicable to the building notwithstanding with the lock in
clause Lessor will be entitled to terminate during lock in if Lessee is in breach.
Lessee shall pay deposit amount to the Lessor through RTGS/IMPS.
Schedule of the Property
All that piece and parcel of Premises No-13-18/34, Duplex Villa No.34, Nakshtra
Colony, Siddanthi, Shamshabad-501218
NORTH : Villa No.35
SOUTH : Compound Wall
EAST : Road
WEST : Neighbours Villa.
Schedule II
[Link]. Item No. of units
1 Fan 4
2. Bulb/Tube Lights 5
3. Cots with Bed 2
4. Cup Boards In 3 Bed Rooms
5. TV Cabinet In Hall
6. Modular Kitchen In Kitchen
In witness whereof, the parties have set their hands with their respective seal, on this
the day month and year mentioned above.
Witnesses Lessor
1.
Lessee
2.