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This Lease Agreement is made at Gurugram on this day of 08th March, 2018
Between
SHRI VED PRAKASH SAINI [ PAN no. : AALPP2561J ] son of Shri Deen Dayal
resident of H.no. 568, Sector 17, Gurugram – 122002, Haryana (Hereinafter
referred to as “LESSOR”, which expression shall mean and include his heirs
successors, legal representatives or assigns) of the one part.
And
WHEREAS the Lessor is the absolute owner of the premises of Plot no. 226,
SECTOR-08, IMT MANESAR, Haryana, measuring 450 Sq.Mtr. allotted by
HSIIDC LTD. vide conveyance deed vasika no. 21519 dated 12.01.2018
comprising Basement, Ground Floor and First Floor having total Covered area
of 5984 Sq.Ft. approx. (as per Occupation Certificate.) with open space &
Roof right, with water, sewer and electricity.
AND WHEREAS the Lessee desirous to take on Lease Entire Basement and
Ground Floor having covered/built-up area of 5166.72Sq.Ft. approx. with
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electricity power load of 49 KW(Kilowatt) (hereafter referred to “THE
SCHEDULED PREMISES”.)
AND WHEREAS the Lessor has assured the Lessee that LESSOR will liaison
with HSIIDC for lease permission in favour of the LESSEE, however the LESSEE
will provide the necessary project reports/documents needed for approval. Cost
for seeking the said approvals / permissions will be borne by the LESSOR.
AND WHEREAS the Lessor has offered to the Lessee after mutual
understanding the complete built up Premises forming integral part of this Lease
Deed for setting up a Manufacturing Unit of Automotive Components related
activities and Office for their business and Lessee and the Lessor have duly
consented for such arrangements.
AND WHEREAS the Lessee has approached the Lessor for taking the above
mentioned built-up premises on lease for the purpose of setting up its
Manufacturing Unit under the name and style of “AMAR AUTOTECH”, for a
lease period 11(Eleven)Month commence w.e.f. 01.04.2018
2. RENT
The total rent payable by the Lessee for the Scheduled Premises shall
be Rs. 70,000/- (Rupees Seventy Thousand Only) Per Month, Plus
Goods And Service Tax (GST), subject to income tax deduction at
source payable in advance on or before 07th day of the every month.
And in case both the parties to this Agreement desirous to extend the
Lease then there will be an increment of 5% in Rent after every
11Months compounded annually.
3. POSSESION
4. DURATION
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The Lease and Rent shall commence from 01.04.2018 and shall be
enforced initially till 28.02.2019
5. EXTENTION OF LEASE
Lessee and Lessor shall also mutually extend the tenure by 1(one)
term additional 11(Eleven) Months, after completion on initial Lease
Period of 11(Eleven) Months. (If it is agreed by both the Lessor and the
Lessee) subject to their being no breach of any of the Terms &
Conditions stated herein.
The lessee shall pay all taxes, deposits, assessment charges and
other outgoing whatsoever of every description for its business carried
out under M/s AMAR AUTOTECH PRIVATE LIMITED
AND the Stamp duty and Incidental Expenses for Registration of this
LEASE DEED shall be borne equally by the Lessor and the Lessee.
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8. ELECTRICITY CHARGES / MAIN OF FIRE SAFETY RULES
The lessee shall pay the electricity charges from the date of
possession and the meter reading checked at time of possession i.e.
on 01.04.2018, utilized for the Scheduled Premises as per the actual
meter reading of the electric meter during the period of the lease. The
Lessee shall provide to the lessor the photocopies of the receipted bills
after payment to the concerned authorities as and when demanded.
Further lessee shall follow fire safety rules and always keep safety of
their stall and machines/material.
The Lessor shall get the Fire-fighting Wet system installed in the
building. However all the Fire Extinguishers etc. shall be installed by
the Lessee. Maintenance of Dry/Wet system’s shall be the
responsibility of the Lessee. Also, in case of any Fire/Due to any other
reason attributable to Lessee or any other reasons Like Violence/
accidents. etc., all the damages shall be borne by the Lessee. The
Initial Fire NOC (for 2018-2019) shall be obtained by the Lessor and
thereafter, the subsequent Fire NOC shall be obtained/taken by the
Lessee during tenancy, at its own cost.
10. SUBLEASE
a. That the lessee shall keep the Scheduled premises in a fit and proper
state subject to normal wear and tear by day-to-day usage including
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the fittings and fixtures etc. All damages resulting to the structure,
fixture, fittings and flooring during the lease period shall be made good
by the Lessee to the satisfaction of the Lessor before vacating the
scheduled Premises, normal wear and tear accepted.
c. That the Lessee shall carry out routine repairs of water , sanitary,
phone line, electrical fixture and other fittings therein whatsoever
necessary at its own cost and expense. Not to make or permit anyone
to make any major structural/alterations in the Scheduled premises
without the prior written consent of the Lessor except provision of
wooden/aluminum partition, false ceiling, interior decorations, fittings
and fixtures, air conditioning etc, which may be considered necessary
without damaging the building.
The lessee paying the rents hereby reserved and observing and
performing the terms, conditions and covenants of the lease herein
contained shall be entitled to quite possession and peaceful enjoyment of
the Scheduled premises without any manner or let, hindrance,
interruptions or disturbance by or from the lessor, their heirs or by any
person or persons claiming through under or in trust for the lessor or their
representatives. The rights of the lessee under this agreement will not be
affected, by sale or share with respect to the leased Scheduled premises.
a. By efflux of time.
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c. If the scheduled Premises or any part of it is severally damaged
or destroyed due to any unforeseen circumstances or civil
commotion, Acts of God, etc. and these damages are being not
restored to by the Lessee within a reasonable time.
b. In the event of the Lessee not vacating the premises at the end of
the agreed period lease, the Lessee shall pay Rs. 5,000/- (Rupees
Five thousand only) per day for the period exceeding the agreed
date of vacation to the lessor. However, if the lessor agrees to
renew the lease for the further period after expiry of the agreed
period of lease then this clause is not applicable.
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16. JURISDICTION
LESSOR LESSEE
________________ ________________________
VED PARKASH SAINI for M/s AMAR AUTOTECH PVT. LTD.
SAURABH THAPAR - Partner
WITNESSES :-
1. 2.
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