LEASE AGREEMENT

This Lease Agreement is made and executed at New Delhi on this __ day
of January, 2025, Between:
___________________________________________________________________________
________ ¸hereinafter called the “LESSOR”, which expression shall,
wherever the context so permits and requires, mean to include him, his
legal heirs, successors, legal representatives, executors, nominees and
assignees, of the one part;
AND
___________________________________________________________________________
____________________________________________________________ hereinafter
called the “LESSEE”, of the other part;

WHEREAS the Lessor is the absolute owner and in possession of

__________________ _________________________________ by virtue of Sale Deed

registered as document No. ____ in Addl. Book No. I Volume No._____ on
pages ___ to ___ dated _____________, in the Office of the Sub-Registrar,
New Delhi and the Lessor has agreed to let out the same to the Lessee,
and the Lessee has agreed to take the same on the following terms and
conditions (hereinafter called ‘the said premises’).

NOW THIS AGREEMENT WITNESSETH AS UNDER: -

1. That the Lessee shall pay the monthly rent of

Rs. ___________/- (Rupees _______________________________ only) to
the Lessor, payable in advance by cheque/cash, on or before the __
day of each English Calendar month.

2. That the Lessee shall pay the electricity consumption charges, as

per meter reading to the BSES Rajdhani Power Ltd. Directly and
handover the original bills so paid to the Lessor from time to time.

3. That the Lessee shall pay the water consumption charges directly,
as per the bills received from DJB and handover the original bills so
paid to the Lessor from time to time.

4. That this Lease is granted for a period of ______________ only

commencing from _______________. This lease may be extended only
on mutual consent of both the parties, on an enhancement of rent
by at least 10% in the prevailing rent. However, in case of
extension of lease, a fresh Agreement will be made and signed by
the Lessor and the Lessee.

5. That the Lessee shall use the said premises for Commercial
purpose only.
6. That the Lessee shall not make any additions or alterations in the
said premises, without obtaining prior written permission of the
Lessor, during the course of this Agreement.

7. That the Lessee shall permit the Lessor or any of his authorized
agent or representative to enter into the said premises for
inspection or to carry out repairs, at any reasonable time,
whenever deemed necessary by the Lessor.

8. That the Lessee shall be responsible to attend all the minor day-to-
day repairs such as fuses of bulbs and tubes, leakages/replacement
of water taps etc. at his own cost but the major repairs shall be
attended by the Lessor at his own cost.

9. That the Lessee shall not sub-let, assign the whole or any part of
the said premises to anyone else in any case under any
circumstances.

10. That the Lessee shall not store any inflammable material or
explosive in the said premises or do or omit to do any act which
causes nuisance or annoyance and or violation of any applicable
rules and law of civil authority, including laws framed for
protection of fire.

11. That the Lessee shall pay to the Lessor a sum of Rs. _________
(Rupees _______ ______________________ only) being _______ month’s
rent, as an interest free Security deposit, which will be refundable
only on handing over the physical vacant possession of the said
premises after deducting the wear and tear and outstanding bills, if
any.

12. That this Lease can be terminated even before the expiry of lease
period, by either party, by giving one month’s written notice to the
other party or one month’s rent in lieu thereof.
 -3-
13. That the Lessee shall not do or cause to be done any act or
activities of illegal, immoral, unsocial nature in the said premises
and also will not create any nuisance to the neighborhood in any
manner whatsoever.

14. That the Lessee shall abide by all the bye-laws, rules and
regulations of the MCD/Local authorities in respect of the said
premises.

15. That the Lessee shall be responsible to restore the said premises in
the same good running condition with the fittings and fixtures
therein to the Lessor, on termination of this Lease Agreement.

16. That the Lessee agree and understands that he/she/they have mere
lease right in respect of the said premises and the judicial
possession shall remain with the Lessor. It is expressly agreed that
the Lessor shall be deemed to have the ultimate and full control of
the ownership of the said premises.

16. That if the Lessee does not vacate the premises on expiry of the
lease, the Lessee shall pay a penalty of Rs. _________ (Rupees
________________________ only) per day in addition to the monthly
rent till the possession of the premises is handed over to the Lessor
by the Lessee.

17. That if the Lessee fails to pay regularly the monthly rent, as hereby
agreed upon, the Lessor shall forthwith terminate the lease or the
lease would stand automatically terminated.

18. That the Lessee shall handover the vacant and physical possession
of the said premises to the Lessor on the termination of this lease
agreement.

19. That the GST (currently @ 18%) as applicable on the monthly rent
shall be payable by the LESSEE. In addition, any other tax or levy if
imposed by Govt. similar to the nature of GST on monthly rent shall
be paid by the LESSEE. The GST collected shall be deposited to the
concerned authority by the LESSOR

20. That both the Parties agree that in the event of any dispute, the
Courts of Delhi have exclusive Jurisdiction and the parties have
agreed to the terms at Delhi.

IN WITNESS WHEREOF the parties hereto have signed this Lease

Agreement on the day, month and year first above written, in the
presence of the following witnesses:
WITNESSES: -
1. LESSOR

2. LESSEE