LEASE DEED

This Lease is made on this 1st April 2023 at Gurgaon by and between:

Mr Pawan Bir Singh Chhatwal S/o Late Sardar Harbir Singh. (PAN: AABPC5444P)
And Mrs Jugnesh Kaur W/o Late Saradr Harbir Singh (PAN:AGHPK3127D) R/o B-
368, New Friends colony, South Delhi, Delhi, 110025 (hereinafter called “the Lessor”
which expression shall wherever the context permits be deemed to include his heirs,
successors, legal representative and assignees) of the FIRST PART.

And

Mr. Siddharth Shankar Sharma (PAN: BDOPS5597N) S/o Mr. Lalit Kishore Sharma
R/o H.No - 80, Banarsi Dass Estate, Timarpur road, Timarpur, North Delhi, Delhi
(hereinafter referred to as "the Lessee" which expression shall include its successors and
assigns) of the other part

The Lessor and the Lessee hereinafter collectively may be referred to as Parties and
individually as “Party”.

The expressions of the Lessor and the Lessee shall always mean to include themselves, their
heirs, executors, administrators, successors in interest and assignees etc.
DETAILS

1. Address: B-280, Gurugram,122102

2. Lessor: Mr Pawan Bir Singh chhatwal And Mrs Jugesh Kaur.
3. Lessee: Mr. Siddharth Shankar Sharma
4. Rental: Rs. 40,000.00 (Rupees Forty Thousand only) per month
5. Security Deposit: 4 Months
6. Advance Rental: 1 Month
7. Lease Period: 11 Months
8. Lock-in Period: 11 Months

RECITALS

WHEREAS the Lessor is the absolute and rightful owner of the property bearing number B-
280, Sushant lok-1, Gurgaon, Haryana having area of 215sq.yd along with fittings, fixtures,
electricals, geysers and air conditioners, as originally provided by Lessor (hereinafter referred
to as the “Demised Premises” or “Premises”) together with 2 Parking Spots.

AND WHEREAS the Lessee has approached and requested the Lessor to lease the Demised
Premises on a fixed monthly rent of Rs 40,000/- (Rupees Forty Thousand Only) to be paid on
monthly basis in advance. Gas, electricity and water charges and other actual charges
including Club bills, shall be payable in addition to the rent payable by the Lessee, to the
maintenance agency /concerned departments, for the duration of the Lease Deed and/or till
the time the Lessee is in possession of the Demised Premises.

AND WHEREAS the Lessor, being the sole, absolute and rightful owner of the Demised
Premises, hereby grants the lease of the Demised Premises to the Lessee, subject to the
covenants, conditions and agreements between the parties contained herein.

NOW THEREFORE THIS LEASE DEED WITNESSETH AS UNDER:-

1. That the Lessor has agreed to give on lease the said Premises to the Lessee, for residential
purpose and to be in possession of the Premises for a period of 11 months commencing
from 15th April, 2023 to 15th February , 2024 or till the termination/expiry of the Lease
Deed. In the event that there is any delay in delivering possession to the Lessee by the
Lessor on account of delays by the builder or acquisition of the No Dues Certificate etc,
the commencement date will be amended accordingly. The lease shall stand terminated
on the expiry of lease or earlier termination.

2. That the Lessee has agreed to pay the Lessor monthly rent of Rs. 40,000/- (Rupees Forty
Thousand Only) payable on monthly basis in advance, excluding charges pertaining to
electricity and water charges, and all similar charges etc., which shall be paid by the
Lessee as per actuals to the concerned authorities/ departments. Charges for property tax
will be borne and paid by the Lessor. Charges for facilities like telephone connection,
internet connection, cable connection etc. procured by the Lessee shall be borne and paid
 by the Lessee to the concerned authority/ department. Monthly rent and Security
deposit to be paid in equal proportion to the owner in below account details:

Bank – Standard Chartered / Standard Chartered

Branch – Defence Colony,New Delhi / New Friends Colony
Account No – 52810159682 / 54410003711
IFSC Code –SCBL0036032 / SCBL0036034
Name on Account –MS JUGESH KAUR / PAWAN BIR SINGH CHHATWAL

3. That the said Rent shall be payable in advance by the Lessee to the Lessor on or before
the 15th day of every month after the month of commencement of this Lease i.e., 15 th
April, 2023. In case rent is delayed by the due date then Lessee shall be liable to pay
interest @ 18% per annum on the delayed period. In case lease rent stands unpaid for 30
days then the same shall be considered as breach of contract and Lessor can initiate
eviction by serving 15 days’ notice. Lessee shall handover the premises immediately to
Lessor on such notice.

4. Parties have agreed, that upon signing of the Lease Deed the Lessee shall deposit with the
Lessor, an interest free refundable security deposit of four months (i.e. a total amount of
Rs. 1,60,000/-, Rupees One Lakh Sixty Thousand only). The said security deposit shall
be paid refunded by Lessor to Lessee at time of handover of premises. The Lessor will be
entitled to make deductions from the security deposit in the below mentioned
circumstances:

a. Costs incurred towards repair of the Demises Premises on account of any

damage to the Demised Premises arising out of the Lessee’s negligence.
Parties expressly agree that ordinary wear and tear including paint, nails in
walls etc will not be deductible from the security deposit.

b. Non-payment of any dues by the Lessor that may be outstanding towards the
society such as electricity or maintenance on any other dues to any
authority/department.

c. Non-payment of rent.

5. Parties agree that In the event that parties agree to renew the lease, a refund of security
deposit will not be required. Renewal of lease is applicable only once executed a fresh
lease in writing.

6. That the Lessee shall use the said Demised Premises only for residential purpose and shall
not misuse the same nor shall convert the same for any other purpose. The demised
premises shall not be used as a guest house and only shall be used for residential use of
Lessee and his immediate family.

7. That the Lessee shall not sub-let, assign or part with possession of the leased premises to
anyone. Upon the expiry of the lease period, the Demised Premises shall be vacated and
peaceful possession of the Demised Premises shall be handed over by the Lessee to the
Lessor. The Lock-in period for the Demised Premises would be 11 months starting from
the commencement date of lease period.
8. The Lessee and the Lessor shall be at liberty to terminate this lease agreement upon
giving in advance 1 months’ notice in writing to each other after expiry of lock-in period
or on payment of 1 month’s rent in lieu thereof. In case of non-payment of rent, the notice
can be served during lock in period. If any party wish to terminate the lease during lock in
then shall be liable to pay rent equivalent to balance lock in period. If any party breaches
terms of lease during lock in period then shall be liable to clear all dues as defined in the
said agreement.

9. In case the Lessee overstays the agreed lease period (unlawfully), then the Lessee shall be
liable to pay liquidated damages of Rs. 15,000.00 per day for the extra period in addition
to the rent payable.

10. That the actual ownership of the premises lease shall remain with the Lessor and the
Lessee shall only use and occupy the same for the duration of the leased period.

11. That the Lessee at his own cost shall keep the premises in good and clean condition and
shall not be entitled or authorised to make any additions or alterations or any other
structural changes in the premises without the prior written consent of the Lessor/ owners
in writing. However, the Lessee shall have the right to install security cameras and other
domestic electrical equipment, appliances and gadgets and shall, at any time or on expiry
of the termination of this agreement, be entitled to remove all such equipment’s,
appliances and gadgets etc., installed by the Lessee at its own cost provided the Lessee
undertakes to make good for any damages caused to the demised premises or any part of
the same.

12. That the Lessee shall permit the Lessor or his/her/its duly authorized agents to enter upon
the Demised Premises for inspection and / or for undertaking any structural or other
repairs at a mutually agreed time with Lessee.

13. Basic repairs necessitated to keep the house in good condition shall be undertaken by the
Lessee at his expense. However, major repairs arising from issues such as structural
flaws, plumbing, seepage and builder defects shall not be paid for by the Lessee. Parties
agree that these matters are to be resolved by the builder without any charge being
imposed on the Lessee. In the unlikely event that these matters are not resolved by the
builder, the same will be resolved by the Lessor.

14. That the Lessee shall abide by all the rules, regulations and bye-laws and other
notification issued by the Haryana Govt. from time to time.

15. That the Lessee shall not part with the premises either in full or in part to any other
person. After the expiry and termination of the leased period, the Lessee shall hand over
the vacant physical possession of the demised premises to the landlords/Lessor and not to
any other person. After the first month of overstay, the lessor shall have all rights to evict
the lessee from the Demised Premises using any lawful action/force.

16. That the Lessee shall not store any objectionable or combustible material or other banned
items in the leased premises.

17. That the common area expenditure such as elevator AMC, Security guard charges etc will
be shared amongst the residents of all 4 floors.
18. That the Lessee has fully satisfied himself that the Lessor is the sole and absolute owners
of the said Demised Premises and that they are entitled to receive and collect the rent as
agreed above and that the Party of the Lessee shall not challenge the ownership and title
of the said property as the Lessee admits the Lessor as owner of the said property.

19. All electric and water charges shall be payable by the Lessee directly to the concerned
departments and a copy of the receipts provided to the Lessor. The Lessor will pay all
charges pertaining to electricity, gas, and water pertaining to the period prior to the
commencement of this lease. That at the time of occupying and vacating the Demised
Premises the Lessor and the Lessee will note down the electricity meter readings. That the
Lessee shall directly and in time, pay to the concerned authorities, all the charges for
electricity, water, cooking gas, or any other charges payable consumed in the Demised
Premised during the period of lease as per the meter reading provided in the demised
premises. The Lessor shall handover the possession to the Lessee after settlement of all
previous (electricity, maintenance etc.) dues up to the date of starting the Lease. The
Lessee is required to give all original bills and receipts to the Lessor on a quarterly basis
during the Lease Period. If required a photocopy of the same can be retained by the
Lessee for its accounting purposes.

20. GST or any other applicable taxes, shall be paid by the Lessee along with the rent, as per
applicable rates from time to time, as prescribed by the concerned authorities/
Government. Lessee agrees to pay the GST or any other applicable tax over and above the
Rental amount as payable by the Lessee to the Lessor, on a monthly basis along with the
Rent amount.

21. In the event that the Lessor does not refund the interest free security deposit on
termination or expiry of the lease, the Lessee shall be entitled to claim interest @ 18 %
p.a. on the amount of the Security Deposit from the date of termination/ expiry of the
Lease Deed.

22. That both the parties shall observe and adhere to the terms & condition contained herein
above.

23. This Deed shall be governed by and construed in accordance with the laws of India and
courts of Gurgaon shall have the exclusive jurisdiction to deal with any disputes arising
hereunder or any matters relating thereto. Failure of either party to enforce at any time or
for any period of time any of the provisions hereof shall not be construed to be waiver of
any provisions or of the right thereafter to enforce each and every provision, nor shall any
single or partial exercise of any right, power or privilege preclude any other future
exercise thereof operate as a waiver thereof.

24. After the expiring of 11 months of this rent agreement the LESSOR will have the right to
extend the lease exclusively.

IN WITNESS WHEREOF the Parties have put their respective signatures on this Lease Deed
at Gurgaon on the Day, month and year first above written in presence of the following
witnesses.
Witnesses:

For Lessor For Lessee

Signature: _________________ Signature: _________________

Mr. Pawan Bir Singh Chhatwal Mr. Siddharth Shankar Sharma

Signature:____________________
Mrs Jugesh Kaur.

Witness (Signature with Name & Ad- Witness (Signature with Name & Address)
dress)

Signature: _________________ Signature: _________________

Name: Name:

Address: Address: