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The document outlines agreements between parties regarding a lease. It states that NHIDCL will pay all service taxes on rent. NHIDCL will also maintain the building structure, utilities, and main electricity supply. The lessee will have quiet enjoyment of the premises as long as they make rent payments and observe the agreement terms. An interest-free security deposit of three months rent was paid, and will be returned when the lease expires or is terminated.

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Arun S
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334 views

Upstream 5

The document outlines agreements between parties regarding a lease. It states that NHIDCL will pay all service taxes on rent. NHIDCL will also maintain the building structure, utilities, and main electricity supply. The lessee will have quiet enjoyment of the premises as long as they make rent payments and observe the agreement terms. An interest-free security deposit of three months rent was paid, and will be returned when the lease expires or is terminated.

Uploaded by

Arun S
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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a) GST/Service Tax and other related tax imposed and enforced from time to time on

rent shall be paid by NHIDCL. Any increase by the Government in the existing rate
of service tax or introduction of such tax on maintenance services as currently
applicable, shall be borne by NHIDCL.
b) To keep the outer walls, roof and structure of the said building and of the
Premises and the water and drainage mains and pipes and sewage lines thereof in
good working order and condition and also to keep the main line of electricity
supply of the building in good repair and conditions;
c) That if the Lessee shall punctually pay the rent and observe and perform the
Agreement on the part of the Lessee and conditions herein contained, the Lessee
shall quietly enjoy the Premises during the lease period without any interruption
by the Lessor or any person lawfully claiming under or in trust for the Lessor;

1) It is hereby mutually agreed between the parties as follows:-


a) It is declared and agreed by the Parties that an interest free Security Deposit
equivalent to three months monthly rental amounting to a sum of 4,50,000/-
has been paid by the Lessee to the Lessor which shall remain with the Lessor.
The Lessor agrees and undertakes to return/refund the interest free security
deposit to the Lessee on the expiry of this Lease Agreement or if earlier
determined, in terms of clauses 7(c) hereunder against the Lessee surrendering
to the Lessor the use and enjoyment of the Premises.

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