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LEASE AGREEMENT

This lease agreement is made and executed in Vijayawada , on this day of 5th August 2019 between Mr.Anne
Bhima Sankar Rao, S/o. Anne Radha Krishna Murthy (Late) Aged 55 years, residing at Flat No. 5B,
Anne Towers, Venkateswara Nagar 3rd Street, Vijayawada – 520008., (Hereinafter referred to as the
‘LESSOR’, which expression shall, whenever the context so requires or admits, mean and include, his/her
successors, assigns or heirs, executors and administrators as the case may be)

And

Chinnam Radha Krishtna, S/o Chinnam----- aged 47 years presently residing at------------. (hereinafter
referred to as the ‘LESSEE’ which expression shall, whenever the context so requires or admits, mean and include
his/her successor, assigns or heirs, executors and administrators as the case may be).

WITNESSES AS FOLLOWS
1. WHEREAS the LESSOR has undisputed legal possession of the house located at Flat No. 1A, Anne
Towers, Venkateswara Nagar 3rd Street, Vijayawada – 520008.

2. WHEREAS the Lessee is desirous of taking the above premises, referred to as the “Leased Premises”, on
the terms and conditions contained herein.
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NOW THIS LEASE DEED WITNESSES AS FOLLOWS:

That in pursuance of the foregoing and in consideration of the rent hereby reserved and the covenants of the
LESSEE, the LESSOR hereby grants a lease and the lessee hereby accepts a lease of the leased premises on the
following terms and conditions:

1. DURATION OF THE LEASE

The period of lease shall be for a period of 11 months commencing from 5th August 2019 to 31th July 2020.
2. RENT
(a)The lessee shall pay to the LESSSOR for the occupation and use of the premises, a Monthly Rent of Rs 25,000/-
(Rupees Twenty Five thousand only) exclusive maintenance favoring Mr. Anne Bhima Sankar Rao This rent
will be payable by the 5th day of every month.

(b) For additional one car parking the lessee shall pay the LESSOR a Monthly Rent of Rs 1,000/-(Rupees One
Thousand only).

(c)The Lessee has paid to the Lessor an interest free Security Deposit of Rs. 50,000- (Rupees Seventy Five
Thousand only) by cheque/Draft/RTGS and the Lessor confirms receipt payment. The LESSOR agrees to refund
the security deposit to the Lessee simultaneously upon the Lessee vacating and delivering vacant possession of the
Schedule Premises. If any damages/lost/loss to the demised premises, the cost of the same will be deducted from the
security deposit.

(d)If LESSSOR fails to refund the amount paid as interest free security deposit at the time of termination of lease or
expiry of the lease period specified herein whichever is earlier, Lessee shall be entitled to retain possession of the
premises without payment of any rent, until such time the Lessor refunds the security deposit amount together with
an interest at the rate of 18% per annum commencing from the date the security deposit amount has become due and
payable as per the terms of this Lease Deed.

3. PROPERTY TAX
The Lessor shall bear and pay the property tax, management fees, electricity and water deposits (if any) and all other
taxes and assessments in respect of the leased premises included, but not limited to Municipal house tax, rates or any
other levies or taxes of similar nature payable to the competent authorities.
4. ELECTRICITY, WATER AND LIFT, MAINTENANCE CHARGES
The LESSEE shall bear and pay electricity charges actual consumed by him/her during the leased period for the
premises

The LESSEE shall pay the regular maintenance(Water, lift, desel, charges to the association during the leased period
for the premises.

5. USE OF PREMISES
(a)The lessee shall use the leased premises for only the residential purpose of Mr. Chinnam Radhakrishna.

(b)The lessee shall not use the leased premises for any illegal, objectionable trade or business or sublet, underlet,
assign or otherwise part with the portion of the premises or any part thereof or run any guest house herein during the
continuance of the tenancy.

6. ALTERNATIONS
During the term hereby created, the LESSEE shall be entitled to put up at its own cost install air conditioners, air
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coolers, refrigerators, cooking ranges and other electrical domestic appliances and telephone connections. However,
if the LESSEE wants to make permanent partitions or other alterations, the LESSEE shall obtain the written consent
of the LESSOR.

7. MAINTANANCE
(a)The LESSEE shall keep the leased premises in good tenantable condition and order and shall not cause or suffer
any damage thereto, fair wear and tear accepted.

(b)The LESSOR shall be responsible for all major structural, electrical and plumbing repairs, but minor repairs and
day to day routine maintenance such as leakage of taps, replacement of fuse/s, clearing of blocked drains, sewage
pipes, etc. shall be done by the lessee at his/her own cost and expenses.

(c)That the LESSEE shall comply with all rules and regulations of the local authorities whatsoever in relation to the
demised premises in so far as they relate to the use of the premises for residential purposes.

(d)That the LESSEE shall permit the LESSOR or his/her agent to enter upon the premises for inspection and for
carrying out repairs, etc. if any, at a reasonable time as and when necessary.

8. DELIVERY BACK OF POSSESSION

(a) Subject to the provisions of the deed, the LESSEE shall deliver vacant possession of the leased premises to the
LESSOR on expiry of the lease period or any extension thereof in the same condition in which it is let out, on
termination of the lease subject only to changes previously authorised by the LESSOR or caused by fair wear and
tear.

(b) The LESSEE at the time of occupation shall see that all the sanitary, electrical and other fittings and fixtures are
in perfect working order, nothing is broken or missing. The lessee shall be responsible to restore them in the same
condition, natural wear and tear and damage by the acts of God excepted.

(e) Any Increased general maintenance charges as demanded by the Association shall be paid by the lessee.

9. TERMINATION
(a)In the event of the LESSEE failing to pay the rent hereby reserved for a period of two months consecutively,
committing breach of any of the terms and conditions of this deed and if within thirty (30) days after the notice the
lessee has failed to remedy such breach, the LESSOR shall be entitled to terminate the lease and re-enter upon the
leased premises.

(b) The LESSOR shall also be entitled to terminate the lease by giving 60 days return notice after completion of first
11 Months only. The LESSOR entitled to terminate the lease before the expiry even in first 11 months, by sixty days
(60) written notice to the LESSEE of the leased premises.

10. THE LESSEE COVENANTS WITH THE LESSOR AS FOLLOWS

(a) That he/she will pay the rent regularly and duly carry out its obligation as lessee as per these presents and under
any law.

(b) That upon receipt of any notice or order from any authority relating to the leased premises or the LESSOR, the
lessee shall cause the same to be delivered to the LESSOR and shall comply with the same so far as it relates to the
lessee’s obligation under this deed of lease and in regard to the leased premises.
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11. THE LESSOR COVENANTS

(a)The LESSOR is the lawful holder of the leased premises and has the right, title and power to grant the lease in
respect of the leased premises free of encumbrances restrictions whatsoever from any third party which have not
been disclosed in writing to the lessee prior to the execution of the deed of lease.

(b)The LESSEE on duly paying the rents and observing the terms of this lease shall be entitled to the peaceful and
quiet enjoyment of the leased premises during the terms of this lease and extension thereof without any interruptions
by the LESSOR, its agents, servants or any person lawfully claiming under or in trust for it.

(c) During the term of lease and prior to refund of security deposit, LESSOR shall not transfer the premises to any
third party without the consent in writing of the Lessee, which consent the Lessee shall not unreasonably with hold.

12. EXTENTION OF LEASE

If Parties desire to extent the term of Lease beyond 11 months, subject to acceptance of Lessor and an increase of
5% in the rent. Maximum lease period not more than 3 years.

14. DISPUTE RESOLUTION

Any controversy or claim arising out of or relating to this Deed, or any breach or alleged breach thereof, shall be
finally settled by an arbitral tribunal appointed by mutual consent of the parties and in accordance with the
provisions of the Arbitration and Conciliation Act, 1996. The arbitral tribunal shall comprise three arbitrators, with
the Lessee appointing one arbitrator, the Lessor appointing one arbitrator and the third arbitrator appointed by the
two arbitrators earlier appointed. The arbitration proceedings shall be held in Vijayawada . The courts in
Vijayawada shall alone shall have jurisdiction with respect to all matters arising out of this deed.

In witness whereof the parties have executed this lease deed in the presence of the witnesses attesting hereunder.

LESSEE LESSOR

Witness 1 Witness 2

ID proofs of Lessee:

Aadhar card no.

Pancard no.
Office Address, Disignation and Phone No’s of the Lessee:
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