Rent Agreement
Rent Agreement
Rent Agreement
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Rental Agreement
This Rental Agreement entered into at Sherghati on this the 8 th day of February
2024', between:
WITNESSETH AS FOLLOWS:
WHEREAS the LESSOR is the absolute owner of the premises at Khata No-327,Plot
No.-1871,191am Chowk, mohalla-Molviganj, PO+PS-Sherghati, Dist-Gaya (Bihar)-824211
and
WHEREAS the LESSEE had approached the LESSOR for taking the premises on rent
for carrying on its business activities, and
WHEREAS the LESSOR has agreed to let out the northern side in the ground floor of
e said premises on a monthly rent of. Rs 7000/- [Seven Thosands only] and whereas
he LESSEE has agreed for the same,
1. The LESSOR shall let out and the LESSEE shall take on rent the
northern side in the ground floor of the premises at Islam Chowk,mohalla-
Molviganj,P0+PSSherghati,Dist-Gaya(Bihar)-824211.
2. The LESSEE shall pay a sum of Rs Rs 7000/- [Seven Thosands only as rent
per onthlh some shall be paid on or before the 5 th day of every succeeding
tdet e r Month.
The Tetynglyitiloe effective from 15th February 2024 onwards.
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LESSOR shall be eligible for increase in rent at the rate of 15% once in
every tw0;06)iiy, and the first increase shall be from 1 s t March 2028. The-
LESAEVall use the premises as an office and godown only and not for
ary'otherlitifpose
7. The LESSEE shall be liable to indemnify the LESSOR the cost incurred for any
damages and repairs that may be caused by the LESSEE
8.The LESSEE shall be liable to pay the electricity charges incurred for their A
portion under occupation
9.In case the LESSOR requires the LESSEE to vacate the premises, tkfrILS
shall give notice of not less than three months in writing. SimilarMV ca the
LESSEE wants to vacate the premises, they shall inform the LESSOR 45f-i
intention to vacate, atleast three months in advance.
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10. This agreement shall be valid for a period of 60 months after whiCh it may
be renewed with mutual consent.
11. The LESSEE shall not make any additions or alterations to the premises.
WITNESSES
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LESSEE
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Address: S/C: Md
Ekramuddin, Islam chok,
molviganj, Sherghati,
Gaya, Sherghati, Bihar,
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