Lease Agreement (Page 2 of 3) in pdf

with all fittings, electrical, sanitary, windows and doors, drainages, water closets,

toilets, change rooms etc., also in good condition.

8. The LESSEE shall make an interest free security deposit of Rs.__/- (Rupees __

Only) the deposit shall be retained by the LESSOR during the tenure of the lease

period.

9. The LESSEE undertakes to vacate the premises after the expiry of the period

mentioned above without any notice whatsoever. Notwithstanding this the lease

can be terminated voluntarily by either party by giving 3 months notice to other

party.

10. The LESSEE further covenants that they shall not keep any goods which are

prohibited under law in any part of the premises and if any civil and criminal

liabilities arise therefore, it shall solely be the liability of the LESSEE above and

if the LESSOR for any reason suffers any loss or incurs any kind of expenditure

on that score, the LESSEE warrants to indemnify the entire loss at their cost.

11. The LESSOR shall pay all the local and municipal taxes due on the property

during the term of the lease and in the event of failure to do so, it shall be open for

the LESSEE to pay such taxes and recover the same from the rentals payable.

12. The LESSEE shall utilize the plant premises in such a way not to, inconvenience,

hardship to the neighbour hood, general public, contravene regulations of local

authorities and if the LESSOR for any reason suffers any loss or incurs any kind

of expenditure on that score, the LESSEE warrants to indemnify the entire loss at

their cost.

13. The LESSOR and the LESSEE can alter, amend add, delete, any of the items in

the schedule and other clauses of the Lessee agreement mutually.

14. The LESSEE shall pay the monthly electricity consumption bills as per due date

and shall pay any additional electrical consumption deposit or any other such

deposit or charges demanded by the authorities from time to time.

15. The Owner (LESSOR) on the one hand and the person utilizing (LESSEE) the

surplus capacity on the other shall also be responsible for any acts of omission or

commission by the others, either in respect of quality issues or in respect of trade

related issues, including cheating, whether or not it is attributable to problems

relating to the processing plant or handling facility.

16. The LESSOR and LESSEE further agreed that this agreement overrides all other

agreements subsisting, if any.

Lease Agreement Page 2