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Rental Agreement

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RENTAL AGREEMENT

This RENTAL AGREEMENT is executed at (Bengaluru) on this (15) day of (May), (2024) by
and between:

(Rajeshwari R),

PAN No: DWNPR8009E

D/o. (Srinivasulu ),

(102, 2nd Main, Old Madras Road, Opp Swami Vivekananda Metro station, Indiranagar,
Bengaluru, 560068)

(hereinafter jointly and severally called the “OWNER”, which expression shall include their
heirs, legal representatives, successors and assigns) of the ONE PART:

AND, in favour of:

(Ankur Nasa ),

(hereinafter called the “TENANT”, which expression shall include its legal representatives,
successors and assigns) of the OTHER PART.

WHEREAS the Owner is the absolute owner of the property situated at (102, 2nd Main, Old
Madras Road, Opp Swami Vivekananda Metro station, Indiranagar, Bengaluru, 560068) as
detailed in Annexure-I, hereinafter referred to as "Demised Premises".

WHEREAS the Tenant has requested the Owner to grant Rent with respect to the Schedule
Premises and the Owner has agreed to rent out to the Tenant the Property with two-
wheeler and four-wheeler parking space in the ground floor for residential purposes only,
on the following terms and conditions:

NOW THIS DEED WITNESSETH AS FOLLOWS:

1. The rent in respect of the “Demised Premises” shall commence from (01-05-2024) and
shall be valid till (31-05-2025). Thereafter, the same may be extended further on mutual
consent of both the parties.

2. That the Tenant shall pay to the Owner a monthly rent of Rs.(480000), including monthly
maintenance charges, electricity and water bill. The rent shall be paid on or before 7th day
of each month without fail.

3. That the Tenant shall pay for the running cost of elevator and generator separately to the
Owner.
4. That during the Rent period, in addition to the rental amount payable to the Owner, the
Tenant shall pay for the use of electricity and water as per bills received from the
authorities concerned directly. For all the dues of electricity bills and water bills till the
date the possession of the premises is handed over by the Owner to the Tenant it is the
responsibility of the Owner to pay and clear them according to the readings on the
respective meters. At the time of handing over possession of the premises back to the
Owner by Tenant, it is the responsibility of the Tenant to pay electricity & water bills, as
presented by the Departments concerned according to the readings on the respective
meters upto the date of vacation of the property.

5. The Tenant will pay to the Owner an interest-free refundable security deposit of Rs.
(1,00,000) vide Bank Transfer the time of signing the Rent Agreement. The said amount of
the Security deposit shall be refunded by the Owner to the Tenant at the time of handing
over possession of the demised premises by the Tenant upon expiry or sooner termination
of this Rent after adjusting any dues (if any) or cost towards damages caused by the
negligence of the Tenant or the person he is responsible for, normal wear & tear and
damages due to act of god exempted. In case the Owner fails to refund the security deposit
to the Tenant on early termination or expiry of the Rent agreement, the Tenant is entitled
to hold possession of the Rented premises, without payment of rent and/or any other
charges whatsoever, till such time the Owner refunds the security deposit to the Tenant.
This is without prejudice and in addition to the other remedies available to the Tenant to
recover the amount from the Owner.

6. That all the sanitary, electrical and other fittings and fixtures and appliances in the
premises shall be handed over from the Owner to the Tenant in good working condition.

7. That the Tenant shall not sublet, assign or part with the demised premises in whole or
part thereof to any person in any circumstances whatsoever and the same shall be used for
the bonafide residential purposes only.

8. That the day-to-day minor repairs will be the responsibility for the Tenant at his/her
own expense. However, any structural or major repairs, if so required, shall be carried out
by the Owner.

9. That no structural additions or alterations shall be made by the Tenant in the premises
without the prior written consent of the Owner but the Tenant can install air-conditioners
in the space provided and other electrical gadgets and make such changes for the purposes
as may be necessary, at his own cost. On termination of the tenancy or earlier, the Tenant
will be entitled to remove such equipment and restore the changes made, if any, to the
original state.

10. That the Owner shall hold the right to visit in person or through his authorized
agent(s), servants, workmen etc., to enter upon the demised premises for inspection (not
exceeding once in a month) or to carry out repairs / construction, as and when required.

11. That the Tenant shall comply with all the rules and regulations of the local authority
applicable to the demised premises. The premises will be used only for residential
purposes of its employees, families and guests.

12. That the Owner shall pay for all taxes/cesses levied on the premises by the local or
government authorities in the way of property tax for the premises and so on. Further, any
other payment in the nature of subscription or periodical fee to the welfare association
shall be paid by the Owner.

13. That the Owner will keep the Tenant free and harmless from any claims, proceedings,
demands, or actions by others with respect to quiet possession of the premises.

14. That this Rent Agreement can be terminated before the expiry of this tenancy period by
serving One month prior notice in writing by either party.

15. The Tenant shall maintain the Demised Premises in good and tenable condition and all
the minor repairs such as leakage in the sanitary fittings, water taps and electrical usage
etc. shall be carried out by the Tenant. That it shall be the responsibility of the Tenant to
hand over the vacant and peaceful possession of the demised premises on expiry of the
Rent period, or on its early termination, as stated hereinabove in the same condition
subject to natural wear and tear.

16. That in case, where the Premises are not vacated by the Tenant, at the termination of
the Rent period, the Tenant will pay damages calculated at two times the rent for any
period of occupation commencing from the expiry of the Rent period. The payment of
damages as aforesaid will not preclude the Owner from initiating legal proceedings against
the Tenant for recovering possession of premises or for any other purpose.

17. That both the parties shall observe and adhere to the terms and conditions contained
hereinabove.

18. That the Tenant and Owners represent and warrant that they are fully empowered and
competent to make this Rent. That both the parties have read over and understood all the
contents of this agreement and have signed the same without any force or pressure from
any side.

19. In case of any dispute to this agreement and the clauses herein, the same will be settled
in the jurisdiction of the (Bengaluru) civil courts.

20. That the Rent Agreement will be registered in front of the Registrar and the charges
towards stamp duty, court fee & lawyer/coordinator will be equally borne by the Owner
and Tenant.

ANNEXURE-I

The (102, 2nd Main, Old Madras Road, Opp Swami Vivekananda Metro station, Indiranagar,
Bengaluru, 560068) of the Property, consisting (Two) bedrooms, living room, family
lounge, kitchen, servant room and inbuilt fittings & fixtures and inventory of (Three), (Two
of CFL Lights), (One of Geyser), (Four of Mirrors).

IN WITNESS WHEREOF BOTH PARTIES AGREES AND SIGNS THIS AGREEMENT ON


THIS DAY AND YEAR

WITNESSES:

1.

2.

(Signature of the Owner) (Signature of the Tenant)

(Name of the Owner) (Name of the Tenant)

OWNER TENANT

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