RENTAL AGREEMENT

This RENTAL AGREEMENT (hereinafter the “Lease Deed”) is entered into and executed on
this the first day of eighth Month, Two Thousand Twenty 1/08/2020 by and between:

Mr. N S Muralidhar, aged 56 years S/o N. Satyanaryana Gupta residing at No.14

“SHUBHAM” Teachers colony, 1st Floor, 1st cross, 1st stage, Near Dayananda Sagar College
of Engineering, Bangalore 560 078, hereinafter referred to as “THE LESSOR " (which
expression shall, unless it be repugnant to the context of meaning thereof, be deemed to
include his heirs, executors, administrators and assigns) of the ONE PART

AND:

Mr. Swarop B R aged 24 years S/o Ramachandra B C residing at at # 490, 92 cross,

Sagar Hospital Road, Kumarswamy Layout Bangalore 560078 (hereinafter referred to as the
“LESSEE” which expression shall, unless repugnant to the context or meaning thereof,
mean and include its successors administrators, representatives and assigns) of the OTHER
PART.

The Lessor and Lessee shall hereinafter be collectively referred to as “Parties” and
individually as “Party”.
WHEREAS:
1. The Lessor is the absolute owner of the property, whereas the Lessor is willing to let
out the premises to the Lessee having 12 Rooms with attached toilets from 3rd and
4th Floor. more fully described in the Schedule hereto (hereinafter the “Schedule
Property”);

2. The Lessee is desirous of taking the Schedule Property on lease for the purpose of
establishment of PG / Guest house/Lodge.

3. Pursuant to discussions between the Parties, the Lessor has agreed to grant on lease
the Schedule Property and the Lessee is willing to accept the same, on certain terms
and conditions which the Parties wish to record in writing in the manner set forth
below.

NOW, THEREFORE THIS LEASE DEED WITNESSETH AS FOLLOWS:

1. GRANT OF LEASE
4. The Lessor hereby grants to the Lessee and the Lessee hereby accepts lease of the
Schedule Property for the purpose of establishment of PG / Guest house/ Lodge
of Lessee, on the terms and conditions appearing as under.

2. TERM
 2.1. The lease granted hereunder shall commence from 01/08/2020 (hereinafter
the “Commencement Date”) and be in full force and effect for a period of
5 years, i.e. until 30/06/2025. (Hereinafter the “Term”). After 5 years the
rental period shall be extended on mutual consent of both parties.

2.2. The lessee shall pay the rent with an enhancement of 5% to the existing rent
once in every 12 months.

3. RENT
In consideration of the Lessor granting the lease of the Schedule Property to
the Lessee hereunder, the Lessee hereby agrees to pay to the Lessor, a
monthly rent of Rs. 65,000.00 (Rupees Sixty five thousand Only)
towards the rent (hereinafter the “Rent”), payable on or before 10th
day of every month. The Lessee shall pay the rent by way of Cheque /Online
Transfer in favour of Nallapeta S Muralidhar

4. TAXES AND OTHER CHARGES

4.1. The Lessee shall be responsible for paying all electricity charges, water
charges, cable bills, telephone bills, etc. at actual during the term of this
lease. The separate meters have been provided for water supply and
electricity and separate bill will be available from the departments to provide
to pay actual bill for the said premises.

SECURITY DEPOSIT

4.2. The Lessee has paid a total sum of Rs. 8,00,000/- towards the
security deposit out of which Rs.2,50,000/- (Rupees Two Lakh Fifty
thousand only) vide Ch.No……………, dt……………….in favor of Mrs.
Nallapeta S Muralidhar refundable interest-free security deposit as an
booking amount for the building to the Lessor. And balance amount of
Rs.5,50,000/- (Rupees Five Lakhs fifty thousand only) vide
Ch.Nos……………, dt……………….in favor of Nallapeta S Muralidhar as
refundable interest-free security deposit to be paid during the time of
possession. The Lessor shall keep the entire Security Deposit in
his/her custody and refund the same to the Lessee upon the expiry of
the lease period of this Lease Deed if not extended for the further
period.

4.3. After completion of 12 months (1 year) dated 1/08/2021 an

additional interest-free security deposit of Rs. 2,50,000/- (Rupees
Two Lakhs fifty thousand only) to be paid by the Lessee to the Lessor.
s
5. LESSOR’S COVENANTS
 5.1. The Lessor hereby represents and warrants to the Lessee that he/she is the
absolute owner of the Schedule Property and possesses all original title
documents with respect to the same. The Lessor acknowledges that the
Lessee has agreed to enter into this Lease Deed on the basis of such
representation made by the Lessor. Accordingly, the Lessor shall indemnify
the Lessee against any claim from a third party with respect to the title of the
Schedule Property or the Lessee’s right to possession arising hereunder.

5.2. In the event the Lessor transfers title or any rights to the Schedule Property
by way of sale, mortgage or otherwise, to any third party during the term,
then such transfer shall be subject to the terms of this Lease Deed.
Accordingly, the Lessor shall ensure that the transferee adheres to all
obligations of the Lessor as under this Lease Deed, including but not limited
to the liability to refund the interest free refundable Security Deposit as per
the terms hereof. Further, in any such event, the Lessee shall pay the Rent to
the transferee in the manner to be agreed to between them.

5.3. The Lessor further covenants to the Lessee that upon payment of Rent and
other charges as and when they become due and payable, the Lessee shall
have the unencumbered right to peaceful possession and enjoyment of the
Schedule Property without any interruption by the Lessor or any other
persons whomsoever claiming through or under the Lessor.

6. LESSEE’S COVENANTS

6.1. The Lessee is not entitled to sub-let or part with possession of the Schedule
Property to any one or third parties. That the Lessee assures of making use of
the schedule premises for residential activities only and shall not sublet,
underlet or carry any illegal trades and activities and should keep Lease hold
property in good condition during the period of occupation The Lessee shall
not have the right to assign the Lease hold rights or transfer the schedule
property in any manner by way of such assignment.

6.2. The Lessee shall not carry on any illegal or immoral or prohibited practice in
the Schedule Property, the lessee shall be responsible in any manner if any
illegal activities are taken place as per the act of law in the Schedule
Property.

6.3. The Lessee shall not store or keep or permit to store or keep any prohibited
or dangerous articles as per the act of law in the Schedule Property.

6.4. The Lessee shall have no authority, express or implied, to create any lien,
charge or encumbrance upon the Schedule Property.
 6.5. The Lessee shall not make any permanent structural alterations or additions
to the Schedule Property endangering the building in which the Schedule
Property is situated. The Lessee shall keep and maintain the Schedule
Property in good and tenantable condition during the Term.

6.6. The Lessee shall attend, at his/her cost, to all periodical minor repairs, to the
Schedule Property and repair or replace the damaged fittings at his/her cost
as and when required.

6.7. The lessee is agreed that, deposits pertaining to excess consumption of

electricity shall be borne by the Lessee

6.8. The lessee is agreed that, bore well water is meant for exclusively for
utilization for the tenants of the building and no other commercial activities
should be carried on, any maintenance of the bore well/pump to be carried
out by the Lessee.

7. LESSOR’S OBLIGATIONS

7.1. The Lessor hereby declares that the Schedule Property is free from any form
of encumbrances of any nature.

7.2. The Lessor shall promptly pay all charges or assessments, rates and taxes
and other outgoings imposed or payable in respect of the Schedule Property,
except the electricity, water and other amenities charges, as aforesaid.

8. RIGHTS OF PARTIES
8.1. The Lessor shall, either by himself/herself or through an agent, at all
reasonable hours, upon at least 24 (Twenty four) hours prior intimation to the
Lessee, be entitled to inspect the Schedule Property for any repair or
maintenance work to be carried out.

8.2. The Lessee shall be entitled to furnish the Schedule Property with necessary
fittings and fixtures of a temporary nature, furniture, air-conditioning, etc.
without causing any damage to the structures and foundation of the Schedule
Property or the building in which the Schedule Property is situated. Upon the
expiry of the Term or earlier termination of this lease, the Lessee shall
remove all such temporary fixtures, fittings, etc. at its own cost, without
causing any damage to the Schedule Property.

8.3. The Lessee shall not make any damages to the Schedule Premises along with
the fixture and furniture provided, if any damages were made for that
Lessee only bear the charges to repair that. The schedule premises
should be handed over to the Lessor as Tenantable condition
 8.4. The both parties shall maintain confidentiality and shall not at any point of
time divulge any matters or information etc., acquired during the course of
tenure, either during association or otherwise.

9. TERMINATION

9.1. Either Party may terminate this Agreement without cause by issuing a prior
written notice of 2 (two) months to the other Party, or by paying equivalent
Rent amount in lieu thereof.

9.2. Either Party may terminate this Agreement for cause in the event the other
Party commits a material breach of the provisions of this Lease Deed and fails
to cure such breach within a period of 2 (two) months from the date of
receipt of a notice to that effect, from the Party not in breach.

9.3. Upon termination of this Lease Deed as mentioned herein, the Lessor shall be
liable to forthwith refund the entire Security Deposit to the Lessee
simultaneously with the Lessee handing over vacant possession of the
Schedule Property to the Lessor in a tenable condition.

9.4. The Lessee has agreed to color wash the premises with mutually agreed
quality of paint which has paint during the handing over the property or shall
be borne the charges equivalent two month’s rent for the color wash at the
time of vacating

10.MISCELLANEOUS

10.1. Dispute Resolution: In the event of any dispute or difference arising

between the Parties hereto with regard to any matter relating to or connected
with this Lease Deed, the same shall resolved by mutual discussions.

10.2. Governing Law and Jurisdiction: This Lease Deed shall be governed by the
laws of India and the courts in Bangalore alone shall have exclusive
jurisdiction to try all suits and other legal proceedings.

10.3. Headings: All headings used in this Lease Deed are only for the sake of
convenience and shall not limit the scope of interpretation of the provisions
hereof.

10.4. Assignment: Neither Party shall assign this Lease Deed or any rights or
obligations hereunder to any third party without the prior written consent of
the other Party.

10.5. Custody: The original of this Lease Deed shall be retained by the Lessee and
the counterpart thereof by the Lessor.
 10.6. Amendment: The provisions of this Lease Deed may be altered or amended
only in writing to be signed by both Parties.

10.7. Stamp Duty and Registration Charges: The stamp duty, registration fees
(as applicable) and other charges incidental to this Lease Deed shall be borne
by the Lessee only and both Parties shall be equally responsible for getting
this Lease Deed duly stamped and registered if required, as need be

SCHEDULE

[DESCRIPTION OF THE SCHEDULE PROPERTY]

SCHEDULE

On the EAST : House no. 26

WEST : ROAD
NORTH : House no. 16
SOUTH : House no. 14

All that piece and parcel of the property provided by the Lessor at No. 15, 3rd cross
Govinayakanahalli, Kumaraswamy layout, Uttarahalli Hobli, Near Dayanandasagar college
Banaglore 560 078, Khatha No ward no. 181, Khatha PID 55-218-15 having 12 Rooms (3rd
floor and 4 floor) with attached Toilets, one office room with scooter parking area and in
terrace one Kitchen and Dining hall (Common), with proper electrical connection and water
facilities, measuring East to West:40 ft and North to South : 30 ft.

Details of fixtures, fittings, facilities etc provided include following:

Sl. Description of Items 3rd Floor 4th Floor Total

no

1 Fans 6 6 12
2 Cot along with Cushion Bed 12 12 24
and pillow
3 Study Tables 12 12 24
4 Almira or Cupboards 12 12 24
5 Wash basin with pillar cock 6 6 12
6 Shower mixer, 6 6 12
7 Floor Mounted EWC 6 6 12
8 Bore well and Sump at GF having required capacity of submersible Pumps
9. Heat Pump of 1500 lit capacity installed at terrace
10. 6 person capacity passengers lift
11. UPS of required KW capacity electricity backup kept to GF office room
12. Office room

IN WITNESS WHEREOF the Parties have, on the date first mentioned above, executed
this Lease Deed in the presence of the witnesses attesting hereunder.

1.

(Muralidhar N s)
Lessor / Owner

Witness
2.

Swarop B R

Ramachandra B C
Witness Lessee / Tenant