TENANCY AGREEMENT

This deed of agreement is made on this the 20 th day of May 2021 of the Christian Era.
BETWEEN
1.Mrs. Suraiya Begum, W/O Mr Zahid Hossain, Flat 2B, Fahim Aysha Apartment, 62 Siddeshwari Road,
Dhaka 1217, 2.Mrs. Salma Khatun W/O. Mr. Md. Jahangir Alam Patwary, Kawsar Villa, House No.G-78,
South Banasri, Goran, Dhaka 1219, 3. Mrs. Halima Khatun, W/O. Mr. Abdur Rahman Patwary, House No.
A/32,Bldg 04, Ramna Estate Complex, 124 BoroMoghbazar, Dhaka 1217 4. Mrs. Afroza Khatun, W/O.
Md. Samsul Haque, House No. 76, Road No. 11/A, Flat N. 11A, Dhaka and 5. Mrs. Zarina Khatun, W/O.
Ak. Motahar Hossain, House No. 13, Road No. 07, Sector No. 10, Uttara, Dhaka 1230, 6. Mrs. Nafisa
Sultana, W/O. Md. Abdul Quaiyum, House No. 440/A, Ground Floor, PirPaglar Goli, Moghbazar, Dhaka
1217, all are daughters of Late Abdus Salam, 7. Md. Maruf Quaiyum, S/O Md. Abdul Quaiyum and
grandson of Late Abdus Salam, House No. E-104, Ground Floor, South Banasri, Goran, Dhaka 1219, by
Religions: Muslim, Nationality: Bangladeshi hereinafter referred to as the “Owners” (which expression
unless excluded by or repugnant to the context shall include his/her heirs, successors, executors,
aministrators, and assignees) as the FIRST PARTY/LANDOWNERS.
AND
AAA Trading represented by its proprietor Mr. N M Hussain, S/O Muhammed Akram Hossain,
Address :Suits B-1, House. 25, Road. 47, Gulshan-2, Dhaka 1212. Hereinafter referred to as the “Tenant”
(which expression, where the context so admits, shall include his heirs, successors, legal representatives
and assigns) as the SECOND PARTY/TENANT.
The First Party and Second Party hereinafter jointly referred to as the “Parties” and individually referred
to as the “Party“ in this Agreement.
WHEREAS the First Party are the absolute owners and possessors of the below mentioned Schedule
Property hereinafter referred to as the “Demised Premises” and they have been enjoying the peaceful
possession ascertaining their right, title and interest thereon paying the government rent, taxes &
charges regularly.
AND WHEREAS the First Party intend to rent out the scheduled property for commercial purposes on
monthly rental basis.
AND WHEREAS the Second Party wants to take rent of the Demised Premises for commercial purposes.
THEREFORE, upon mutual discussion and based on the terms and conditions agreed hereunder both the
Parties have agreed to execute this Tenancy Agreement.
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NOW THEREFORE BOTH THE PARTIES HERETO MUTUALLY AGREE TO BIND THEMSELVES TO THE
FOLLOWING TERMS AND CONDITIONS:

1. That the Second Party agrees to take rent of the Demised Premises from the First Party on a
monthly tenancy basis for the period of 03 (Three) years with effect from the 1 st day of the August
2021 at monthly rental amount Tk.3,70,000.00 (Three lac and Seventy Thousand) Only including 01
(One) Car Parking Space, which shall be regularly payable by the Second Party to the First Party or
the authorized representative of the First Party, as applicable, within the 07 th (Seventh) day of every
current month according to Gregorian calendar vide account pay cheque or BEFTN only. The money
receipt will be issued by the First Party or their authorized representative after receipt of the
monthly rent.
2. That the addition to the monthly rental, the Second Party shall regularly pay the monthly utility bills
as per consumption and themonthly common service charges (i.e. salary of all supporting staff,
common area maintenance bill, generator fuel bill etc.) as determined by the Association of the
building without any delay.
3. The Second Party has paid Tk 22,20,000.00 (Twenty Two Lac and Twenty Thousand)only equivalent
to 06 (Six) month’s rental as the “SECURITY DEPOSIT” which cannot be adjusted by any means until
the termination of the Tenancy Agreement but refundable at the time of aforesaid termination after
necessary adjustment/deduction of any amount due to any damage of the Demised Premises
caused by the Second Party and outstanding utility bills, common service charges etc.
4. The VAT as applicable on the payment of Rental shall be paid by the Second Party.
5. The TDS of the monthly rental of the First Party amounting Tk 18,500.00 (Eighteen Thousand and
Five Hundred) shall be paid by the Second Party on behalf of the First Party. And the chalan of TDS
so deducted and paid to the govt. shall be handed over to the First Party by the Second Party at the
time of monthly rental payment. The net monthly rent after deduction of TDS being Tk 3,51,500.00
(Three Lac Fifty One Thousand and Five Hundred) only shall be paid by the Second Party to the First
Party.
6. All payments shall be made by the Second Party to the First Party through account pay Cheque or
pay order or BEFTN in favor of SALMA KHATUN, HALIMA KHATUN AND ZARINA KHATUN,A/C NO:
0012100002524, ROUTING: 205263192, MOHAKHALI BRANCH, SOUTH EAST BANK LTD.
7. That the Second Party shall use the Demised Premises only for Commercial purpose and shall not
sub-let the Demised Premises or any portion and shall not use the Demised Premises for any illegal
or unlawful purposes.

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8. That the Second Party shall neither bring nor preserve any contraband goods including alcoholic
drinks & liquors prohibited by laws or goods of dangerous and offensive nature or store any
inflammable or combustible materials or carry out any immoral/unlawful activities in the Demised
Premises. The First Party or its authorized representative shall not be liable in any way for any of
such act of the Second Party.
9. The First Party shall not be responsible at all for fire, robbery, dacoity, or similar incidents at the
Demised Premises.
10. That the Second Party shall strictly abide by the applicable provisions of rules, regulations, common
decisions as well as any by-laws of the ‘Association of the building’ of the Demised Premisesand
applicable laws of the land.
11. That the Second Party shall properly maintain the Demised Premises in good condition except
normal wear and tear and shall not make any alteration which affects the floors, walls or basic
structure of the Demised Premises without prior consent of the Lessors.
12. That the Second Party shall be liable and responsible to obey and adhere to all Government rules &
regulations as well as all regulatory requirements as applicable as per the existing provisions of laws
of Bangladesh.
13. That the Second Party shall be at liberty to terminate this Tenancy Agreement at any time for any
reason whatsoever giving 03 (Three) months prior notice in writing to the First Party. Similarly, the
First Party shall be at liberty to terminate this Tenancy Agreement at any time for any reason
whatsoever giving 03 (Three) months prior notice in writing to the Second Party.
14. After successfully completion of 03 (Three) years rental period under this Agreement, the tenancy of
the Demised Premises may be extended for further period(s) by mutual understanding for the
Parties in writing and in such case the monthly rental amount will be revised with mutual discussion
and in that case a new Tenancy Agreement will be signed between the parties.
15. That after expiry of the Agreement in normal course or after termination of this Agreement, the
Second Party shall handover the actual vacant and peaceful possession of the Demised Premises to
the First Party with all its fixtures and fittings in good condition subject in natural wear and tear
thereof. The Second Party shall be allowed to take away the fittings and fixtures installed and
commissioned by him at his own costs (which are not owned by the First Party) without affecting the
floors, walls and basic structure of the building.

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16. That the Second Party shall not make any addition and alteration or improvements even at his/her
own costs to the Demised Premises or to its fixtures and fittings without the prior written consent of
the First Party. The Second Party will be entitled to make interior decoration including demolishing
the partition wall in the commercial space. On expiry or termination this Agreement, the Second
Party shall be oblige to remove such additions, improvements, and additional fixtures and fittings,
and restore the Demised Premises in the same condition as at the commencement of the tenancy
period.
17. That this Agreement shall be governed in accordance with the laws of Bangladesh. If the Parties
commit any breach of any of the terms of the Agreement and or if any dispute arises between the
Parties regarding any terms and conditions of this Agreement or in respect of the interpretation
thereof the dispute shall be referred to the sole arbitrator jointly appointed by the Parties and the
arbitration shall be conducted in accordance with the previsions of the Arbitration Act, 2001 and the
rules framed there under. The place of arbitration shall be Dhaka and the arbitration shall be
conducted in English language. Each Party shall bear their own costs of arbitration.
18. That any amendment to this Agreement be made in writing and shall be signed by both Parties,
which will be taken effect as th integral part & parcel of this Agreement.
19. That no right or liability under this Agreement may be assigned transferred, conveyed or otherwise
disposed by any Party without the prior written consent of the other Party of this Agreement.
20. That the Schedules, if any and recitals contained or referred to in this Agreement shall from an
integral part of this Agreement.
21. That this Agreement supersedes all previous negotiations and any representations or unerstandings
written or otherwise between the Parties hereto and this Agreement shall constitute the entire
agreement between the Parties hereto with respect to the Demised Premises.
22. That the clauses and paragraphs contained in this Agreement are intended to be read and construed
independently of each other. If any part of this Agreement is held to be invalid, illegal or
unenforceable, such invalidity, illegality or unenforceability will not affect the operation of any other
part of this Agreement.
23. That any weaver by a Party of any breach or of failure to comply with any provision of this
Agreement by the other Party shall not be construed as, or constitute, a continuing waiver of such
provisions, or a waiver of any other breach of, or failure to comply with any other provisions of this
Agreement.
24. That this Agreement shall be executed in 02 (Two) original sets and each Party shall preserve one set
for his/her use.

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 SCHEDULE OF DEMISED PREMISES
All that the Piece & Parcel of commercial floor space measuring gross area 2176 (Two Thousand One
Hundred Seventy Six) square feet, being Space No. 3 situated at 1 st Floor of 14th storied Commercial
building known as BTI Landmark at Plot No. 16 of Block No. CWS (A), Gulshan Avenue, Dhaka 1212.

IN WITNESS WHEREOF Two Parties have signed and executed this Agreement on the 20 th day of May
2021 of the Christian Era.

Signed On behalf of THE FIRST PARTY/LANDOWNERS:

Salma khatun

Halima Khatun

Zarina Khatun

Afroza Khatun

Signed On behalf of THE SECOND PARTY/TENANT:

Mr. N M Hussain

WITNESSES:
1.

2.

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