Lease Agreement Hyd Office

LEASE AGREEMENT
THIS AGREEMENT OF LEASE entered into at Hyderabad this the 15 th day of March 2017
by By MRS.G.SRAVANTHY W/o Mr.SRIDHAR RAO SAYPURI, hindu aged about 33
years, H.No. 1-8-450/1/A-6,Indian Airlines Colony,Begumpet, Hyderabad-500016.having
PAN AOAPS0385J. Hereinafter called the LESSOR which expression shall wherever the
context permits mean and include his heirs, executers and legal representatives of the ONE
PART.
TO AND IN FAVOUR OF MR.MANIKANDAN V K. Managing Director M/s.Shabari

Telecable Network Pvt. Ltd, aged about 51 years, Occp: Business, Corporate office at
#112 ,Shabari Bhavan ,1st Stage ,1st Cross ,H Colony ,Indira nagar ,BANGALORE-
560038.Hereinafter Called the LESSEE which expression shall wherever the context
permits mean and include their successors and assigns of the OTHER PART:
Whereas, the LESSOR is the absolute owner of Building Bearing Door No.1-8-450/1/A/6
Second Floor,Indain Airlines Colony,Begumpet ,Hyderabad -500016 and more particularly
described in the schedule hereunder and herein refer to as the DEMISED PREMISES
WHEREAS the LESSEE proposes to utilize the second floor premises for office use and
with the view proposes to take on lease the DEMISED PREMISES.
Whereas the lessor has agreed to lease out and the LESSEE has agree to take on lease the
DEMISED PREMISES on the following terms and conditions:
NOW THIS DEED OF LEASE WITHNESSETH as follows :
1. The Lease Shall be for a period of one year from 15th March 2017.
2. The rent and amenities for the demised premises is Rs.23000/-(Rupees Twenty
Three Thousand only) per month including building maintenance which shall be
payable at the rate of 11500/- each to both the LESSORS.
3. The rent and amenities stipulated shall be paid to the LESSOR for every English
calendar month, on or before the 5th of the succeeding month.
4. The Municipal Property tax and other taxes on the property and lands payable on
the Demised premises shall be paid by the LESSOR.
5. The LESSOR shall give possession of the Demised Premises on 15 th March 2017
and the tenancy shall commence from the same date.
6.
7. The LESSEE has paid an amount of Rs.36000/-

(Rupees Thirty Six thousand Only ) to the LESSOR, by way of cheque drawn
on HDFC Bank, Indira Nagar Bangalore Branch bearing No.000148,
Dt.15-03-2017, (Total Advances Paid Rs.46000/- to Lessor)
As interest free refundable security deposit, which shall be refunded by the

LESSOR to the LESSEE promptly at the expiry or earlier termination of this
Agreement, whichever is earlier, after adjusting any outstanding dues payable by the
LESSEE and on the LESSEE delivering vacant possession of the SCHEDULE
PREMISES.
8. Electricity charges will be paid by the LESSEE every month as per meter reading.
9. The LESSOR shall renew lease for one year on expiry of the lease, with escalation
of 5 %( Five per cent) increase in last paid rent. However further renewals shall be
made on such terms and conditions as may be mutually agreed upon.
10. That the LESSEE paying the hereby reserved and performing and observing the
covenants and stipulations on its part herein contained, shall during the said term,
peacefully hold and quietly enjoy the DEMISED PREMISES without any
interruption by the Lessor or any person lawfully claiming under or in trust for the
Lessor
11. The LESSOR and LESSEE, either parties shall give two months advance notice to
each other for vacant of leased out premises in writing only.
12. The LESSOR or his authorized representative will inspect the premises whenever
necessary during reasonable hours in day time in order to examine the state and
conditions of the premises.
13. No alteration of any kind of the Demised Premises any part thereof except for
interior decoration if any, may be carried out by the LESSEE without prior written
permission of the LESSOR.The Lessee undertakes to maintain the Demised
Premises in good condition, reasonable wear and tear excepted.
14. The LESSEE shall not store any offensive or contraband goods or transgress or
violate any of the local law or laws in force from time to time.
15. The LESSEE shall not sub-let the whole or any part of the Demised Premises to any
other person or company except its own group company.
16. In default of the faithful performance of any of the above conditions including
where the rental is not paid for a consecutive period of two months, the Lessee is
liable to be terminated irrespective of the period mentioned above.
17. The LESSEE agrees to deliver possession of the Demised Premises on the expiry of
the period of Lease covered by this agreement in a good condition as it was when
the LESSEE obtained possession, reasonable wear and tear or damage by tempest,
earthquake, fire, military, mob violence, Act of God or any other accident due to
irresistible force beyond the control of the LESSEE excepted.
SCHEDULE
Second floor of Door No.H.No:1-8-450/1/A-6,Indian Airlines Colony, Begumpet,

Hyderabd 500016 admeasuring 750 sq.ft.
IN WITNESS WHEREOF THE PARTIES ABOVE NAMED HAVE PUT THEIR

SIGNATURE ON THE DAY, MONTH AND YEAR FIRST ABOVE WRITTEN, IN THE
PRESENCE OF:
WITNESSES:
1. LESSOR
2. LESSEE

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LEASE AGREEMENT

TO AND IN FAVOUR OF MR.MANIKANDAN V K. Managing Director M/s.Shabari

NOW THIS DEED OF LEASE WITHNESSETH as follows :

7. The LESSEE has paid an amount of Rs.36000/-

As interest free refundable security deposit, which shall be refunded by the

Second floor of Door No.H.No:1-8-450/1/A-6,Indian Airlines Colony, Begumpet,

IN WITNESS WHEREOF THE PARTIES ABOVE NAMED HAVE PUT THEIR

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