LEASE DEED

Lease Period - … Years

Lease amount Per Month – Rs……………/- (Rupees ………………… per Month)

This Deed is made and executed on this …… day of ………., 2023 at

Panchkula.

BY AND BETWEEN:

Mr. BALWANT RAI VASHISTH, son of Mr. AMAR NATH having PAN No-
ABWPV0334K, an Indian Inhabitant residing at H. No. 205, Sector - 6,
Panchkula, Haryana, having registered e-mail ID - mail@chaitanyaRV.com
hereinafter referred to as the “LESSOR” (which expression shall unless it be
repugnant to the context or meaning thereof be deemed to mean and
include their heirs, executors, administrators, legal representatives,
successors and/or permitted assigns) of the ONE PART;

AND

………………………………..(Name of Firm), having registration no.

………., on the day ………….. at ……..(Place), having PAN No.
……………., having its initial principal office at ………………………. as
per the Registration Deed of the Firm dated …………….. and principal
place of business at ………………………. as per the GST Registration
Certificate no. ………….. dated ……………., through its authorized person
Mr. …………….. (Adhaar no. ………………….) vide authorization letter
dated …………., having registered e-mail ID-………………. hereinafter
referred to as the “LESSEE” (which expression shall unless it be repugnant
to the context or meaning thereof be deemed to mean and include its
successor and permitted assigns) of the OTHER PART;

(The LESSOR and the LESSEE shall collectively be referred to as the “Parties”
and individually as the “Party”).

WHEREAS the LESSOR is absolute and lawful owner and sufficiently in

possession and occupation of and is entitled to grant lease of office made
on ground floor in the front unit of the building situated on plot no. 94,
Industrial Area, Phase - 1, Panchkula, Haryana. PIN code - 134113, owned
and possessed by the LESSOR. Only the 1st floor of only the front unit of the
building with total area measuring …………….. Sq. Ft. (Approx.) is being
leased and hereinafter be referred to as the DEMISED PREMISES.

WHEREAS the LESSEE is a Charitable Trust engaged in the activities (herein

after referred to as the “Trust”). For their clerical works, LESSEE is in need
of a suitable office on lease;

After understanding the need of the LESSEE, The LESSOR has agreed to
grant the DEMISED PREMISES to the LESSEE and the LESSEE has agreed to
take the DEMISED PREMISES on lease for the period of ……… Years, subject
to the PRESENTS of this DEED.

AND WHEREAS the LESSOR has also agreed to give on Lease to the LESSEE
the DEMISED PREMISES and hereby the parties agree on the terms and
conditions contained hereinafter:

NOW THIS DEED WITNESSETH AS FOLLOWS: -

1. Demised Premises - The Lessor agrees to grant lease of office made on

only the ground floor in only the front unit of the building with area
measuring ………. Sq. Ft. (Approx.), which is a small part of the larger
structure constructed on plot no. 94, Industrial Area, Phase - 1,
Panchkula, Haryana. PIN code - 134113, to the Lessee. Other than this
area, access and working rights to the rest of the property belongs solely
to the Lessor.

2. Common Areas - Parking for …. Cars inside the boundary walls of the
plot and Parking for …. Two wheelers outside the boundary walls of the
plot shall be provided by the Lessor for use by the Lessee.

3. Nature of Business – The LESSEE is a registered as a Charitable Trust

engaged in charitable activities, The Lessee will use the demised
premises for their official clerical works.

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4. Lease Period – The lease granted herein shall be for period of … (………..)
Years commencing from …………, 2023 and ending on ………, 20… (herein
after this term of ………….. years is referred to as the “LEASE PERIOD”).

5. Fit-out Period –The Fit-out period is affixed as …………. Days starting

from ……….., 2023 and ending on ……….., 2023. This Fit-out period will be
Rent-free and this period is to be used by the Lessee to install necessary
equipment and furnishing so that the demised premises can be
appropriately fitted-out to be used for intended purpose mentioned
above in the ‘Nature of Business Clause’. Lessee will start paying the
Rent immediately after the expiration of this Fit out Period i.e from
……………, 2023.

6. Lease Amount – The Lease Amount is fixed at Rs………../- (Rupees ………

Only) per month (subject to increment every year) to the LESSOR
(herein after referred to as the “Lease Rent”) excluding water &
electricity bill & service tax.

The LESSOR doth hereby demise unto the LESSEE on lease the
DEMISED PREMISES to hold the DEMISED PREMISES unto the LESSEE
for commercial use and occupation thereof for its said business purpose
on the terms and conditions appearing herein.

7. Advance Rent and Security Deposit – One month’s Advance rent (i.e.
Rs……………/-) will be paid by the Lessee to the Lessor before the
Registration of this Lease Deed. This Advance Rent will be adjusted as
the rent for the month of …….., 2023. Furthermore, ………. month’s
Security deposit (i.e. Rs……………../-) will paid by the Lessee to the Lessor
before the registration of this Lease Deed.

8. Increment - The Lease amount will be increased by …… percent every

year i.e. ………… percent of the then prevailing lease amount. Therefore
with increment in effect, the lease amount will be as follows-

Sr. No. Period Lease amount per month

1st Year Rs……………./-
2nd Year Rs……………/-
3rd Year Rs…………../-

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9. All payments to be made by the LESSEE to the LESSOR under this LEASE
DEED shall be subject to appropriate deduction for tax at source, at the
time of payment or credit to the LESSOR in accordance with the
provisions of the Income Tax Act, 1961 and such tax deducted at source
shall be duly remitted by the LESSEE to the tax Authorities and details
thereof shall be furnished by the LESSEE to the LESSOR. The LESSEE
shall also provide to the LESSOR the appropriate tax deduction
certificate in respect of tax deducted at source.

10.The GST (goods and service tax) amount whatsoever shall be applicable
as and when, shall be responsibility of the lessee to deposit in the
account of the lessor and further the lessor shall make sure that the
same is paid to the concerned department.

11.Any other tax as and when applicable and required to be paid to the
concerned department like any tax to be paid to the Nagar Nigam
Corporation Panchkula or to HSIIDC Panchkula, shall be paid by the
lessee and lessor shall not be responsible to pay the same.

12.The lease rent shall be payable in advance before the 7th day of every
month. In any case if the LESSEE defaults in payment of the rentals at
any time or fails to pay the rent before the seventh day of a particular
month, Lessee will have to pay the rental with penalty @18% p.a.
starting from the 8th day of every month till the resolution of the
payment. Also if the LESSEE continues to not pay the rentals thereafter
post expiry of another 10 days, i.e. if the Lessee fails to pay the rent
before the 18th day of a particular month, the following penalties would
be levied on the LESSEE:
I. The LESSOR shall not be liable to refund the Refundable
Security Deposit.

II. The LESSEE shall not seek the refund of the Advance Rental
already deposited with the LESSOR.

III. In such case if the LESSOR is forced to terminate the LEASE

DEED the LESSEE shall refund him all the cost, damages, losses
and expenses that the LESSOR has incurred due to such early

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 termination.

13.Lock-in Period - The Lock-in period has been mutually decided upon as
1st year, which means that the lessee shall be bound to pay the rent of
1st year and cannot vacate or leave the property before the expiry of 1st
year. In case the lessee decides to leave the demised property during
the lock-in period, the lessee shall be liable to pay the rent for the whole
of lock-in period before leaving, to the lessor.

14.The electricity and water bill and any other bill in relation to the demised
property shall be the responsibility of the lessee alone to pay. It shall
solely be borne by the lessee.

15. The LESSEE is not at all allowed to use the DEMISED PROPERTY for
residential purposes.

16.The Lessee shall have the sole responsibility to install the DEMISED
PREMISES with adequate fire protection equipment and services. The
Lessor shall not be responsible in any capacity, pertaining to the same.

17.In case of any mishappening in the DEMISED PREMISES due to fire,

before or after the installation of the Fire Equipment, the Lessee shall
solely be responsible and will bear all the expenses pertaining to the
human injuries and damages caused due to fire.

18.In event of Lessee committing breach of any of the terms and conditions
of this deed/agreement the Lessor shall call upon the Lessee by notice
in writing to remedy the said breach after specifying the breach. In the
event of the Lessee filing to rectify the beach within two weeks from
the receipt of the said notice by the Lessee. The Lessor shall be entitled
to terminate this deed and ask the Lessee to handover the peaceful and
vacant possession of the demised premises to the Lessor, to which the
Lessee undertakes that he shall obey the Lessor at any given time. In
such case, the security deposit shall not be refunded to the Lessee and
the Lessee agrees that the security deposit shall remain with Lessor
forever and can be utilized by the Lessor as a compensation for the loss

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 he suffered because of the breach of the terms and conditions by the
Lessee.

19.The Lessee is not at all allowed to modify/revise or make any kind of

structural or other changes to the DEMISED PREMISES. But the Lessor
can make any structural change or construct another floor during the
Rent Period but will make sure that the sanctity of the demised
premises is not compromised.

20. The Lessee shall be responsible for use of the property for the purpose
of office. The Lessee shall be solely responsible to maintain the
DEMISED PREMISES at their own cost and shall bear the cost of day-to-
day wear and tear during the term of the deed. Minor Maintenance
related to Plumbing, Electricals, Whitewash, etc. shall be undertaken
solely by the Lessee. The Lessee shall make sure the demised property is
always maintained in the same manner as was handed over to the
Lessee by the Lessor. The Lessor has installed lights, Fans and Five Air
Conditioners in the demised premises. These will be returned in the
same working condition to the Lessor after the expiration of this lease
deed. The Lessee will solely be responsible for the repair, service and
maintenance of the electric equipment and appliance. The Lessor shall
not be responsible for maintaining the demised property and shall not
pay any amount to the Lessee for maintaining the same. It shall be
maintained at the cost of the Lessee alone.

21.Upon expiry of the Lease period, Lessee will hand over peaceful
possession of the vacant DEMISED PREMISES to the Lessor. On the
expiration of the lease period granted herein or on the earlier
termination or determination thereof the Lessee shall immediately
remove itself, its staff, employees and all other persons using the
DEMISED PREMISES and all their belongings, articles and things from
the DEMISED PREMISES and vacate and hand over the charge of the
DEMISED PREMISES to the Lessor.

22.SUBLETTING: The Lessee agrees and undertakes that he will not at all be
allowed to sublet, assign or part with the possession of the demised

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 land or any part of the DEMISED PREMISES or facilities constructed
thereon to any other person.

23.That the Lessee undertakes that the use of the DEMISED PREMISES shall
be in compliance with the bye-laws, rules and regulations of the
concerned authorities and all government bodies. The Lessee shall not
carry any business in the DEMISED PREMISES which is illegal in the eyes
of law and in case if it does so, the Lessee solely shall be responsible for
the circumstances.

24.That the Lessee shall not do or cause to be done anything in DEMISED

PREMISES which may become nuisance, or cause of annoyance or
inconvenience to the Lessor or the adjoining premises.

25.That the Lessor shall have the right to inspect the DEMISED PREMISES
itself or through its duly authorized agent at all reasonable times and
such inspection shall be done by the Lessor in a reasonable way.

26.The notice period has been decided as 1 month. This means that if the
Lessee decides to leave or vacate the demised premises after the lock-in
period, the Lessee shall have to send a notice to the Lessor 1 month
prior to vacating the Demised Property. The Lessee has an option of
leaving the demised property immediately after giving the notice,
provided the rent for 1 month notice period is paid.

27.EXCLUSIVE JURISDICTION:
In the event of any disputes and/or differences between the Parties,
the courts at Panchkula alone will have exclusive jurisdiction. This deed
shall be executed in duplicate, the original shall be with Lessor and the
copy shall be with Lessee.

IN WITNESS WHEREOF, the Parties have hereunto set and subscribed their
respective hands, the day and the year hereinabove mentioned.

SIGNED AND DELIVERED BY

THE LESSOR

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____________________________________________________________

SIGNED AND DELIVERED BY

THE LESSEE

___________________________________________________________

In the presence of
1. _________________________________________________________

2.__________________________________________________________

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