LEASE DEED

This Lease Deed is made and executed on this _____ day of _______, _______,
at________________, by and between

Sri……………………………….., S/o. Sri ………………………………, aged about ______ years, resident of

……………………………………………………………. (PAN_____________) (GST____________________)

(Hereinafter referred to as ‘LESSORS /LANDLORDS’ which terms shall mean and include all
his/her/their legal heirs, legal representatives, successors, executors, attorneys, agents,
assigns and administrators etc.,) of the one part
AND
NEXGEN EDUCATIONAL TRUST a registered Trust bearing Regn. No.231/IV/2009, Ranga
Reddy having its office at Plot No. 80, Shri Sai Plaza, Ayyappa Society, Madhapur, Hyderabad-
500081 represented by its Mrs. Kavitha Muddana, D/o. Hanumantha Rao Muddana, aged
about 33 years, Residing at Plot No.162, Flat No. 202, Svs Pleasant, Miyapur, Mayuri Nagar,
Huda Colony, Hyderabad-500049.

(Hereinafter referred to as the ‘LESSEE /TENANT’ which term shall mean and include all its
heirs, partners, successors, attorneys, agents, assigns and administrators, etc.,) of the other
part.

Whereas the LESSORS are the absolute owner and possessor of property bearing Survey
No______ of ________________, measuring ________ Cents, ___square yards adjacent to
……………………………………………….., specifically described in the schedule annexed hereto and
which will herein after be referred to as the demised premises which the LESSORS had
purchased through the Sale Deed No. ________, dated ________ Registered at
___________Sub Registrar, book no ___.

A building is proposed to be constructed on the above said property consisting of Ground +

___ floor, having total plinth area of ____________ Sq.fts.

Whereas the LESSEE has approached the LESSORS to let-out the above said property for the
purpose of starting Educational Institution for a lease period of 10 years (Ten years), on the
monthly rent of Rs_________/- (Rupees _____________________________Only) ____/- Per
sq. ft. for constructing a building with and area of ________ sft approx. and the remaining
open land for playground which carries no rental value. Rent payable is exclusive of GST, if any
applicable on the rent shall be borne by the LESSEE/LESSOR.

However, if the LESSOR does not cooperate with the LESSEE in any respect for handover of
premises and smooth running of its operations prior to lease period/handover of premises,
then LESSEE have full right to terminate this the lease deed with immediate effect and in such
cases lock-in period will not be applicable.

NOW THIS LEASE DEED WITNESSETH AS FOLLOWS:

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1. The LESSOR hereby declares that they are the owner and possessor of the demised
premises which is more fully described in the schedule mentioned hereunder and the
same is free from all encumbrances, charges, liens etc.
2. That in pursuance of the above agreement and in consideration of the rent herein
reserved the LESSORS do hereby agree to transfer by way of lease on or before ______ ,
all that its part and parcel of the scheduled property unto the LESSEE to hold the same
till the subsistence of the lease on the following terms and conditions. The actual plinth
area of the building shall be determined after completion of construction of the
buildings. The rent will be paid only for the actual available/constructed plinth area
under utility.
3. The term of lease is for a period of _____ (). The lease period will commence
from______ or on the date of actual occupation of building by the LESSEE. The LESSEE
and the LESSORS have the option of terminating this lease deed by serving a notice six
months in advance from either side. It was also agreed that the vacation notice will not
be served in the middle of academic year. The Lease period may be renewed after the
expiry of Lease agreement with the consent of both the parties on the agreed terms at
that time.
4. That the LESSEE has agreed to pay a monthly rent of Rs.____________/- (Rupees
_____________________________ Only) @ ___/- per sq.ft for __________ Sq.Ft
Approx., Rent payable is exclusive of GST, if any applicable on the rent shall be borne by
the LESSEE/LESSOR. Also rent is subject to deduction of TDS as per Income Tax laws,
by way of Demand Draft / Cheque on or before 10 th day of Next English calendar month
and the TDS certificate in Form – 16A of the IT Act will be issued once in a year.
The LESSEE’s liability to pay rent to the LESSORS will commence from ______, or on date
of actual occupation of the completed building by the LESSEE. The rent will be paid in
proportion to the occupied slab area of the building(s). Common areas like…. Cellar,
Parking, Play ground, open land, elevation balconies, O.T.S. will not be considered for
the calculation of the rent. However, the LESSEE shall have right to utilize the space/area
along with the building.
5. Both the parties agree that post handover of premises, they will execute the building
handover letter and that the said letter will reflect the actual area and actual date of
possession of the building.
6. That the LESSORS agree to provide/construct the required no. of internal partitions,
toilets, flooring, water, electricity etc. as per the requirements of the LESSEE.
7. As part and parcel of this deal the LESSORS have agreed to let the LESSEE use the open
land for playground which is also co terminus with this lease deed and does not carry
any rental value.

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8. That the LESSEE agrees to enhance the rent at the rate of _____% _________ over and
above the existing rent. In this case the next enhancement shall take place on
__________.
9. That the Lessee has agreed to pay to the Lessors a sum equivalent to ……………..rent i.e
Rs. …………………… towards interest free rental deposit. Both the parties agree that upon
issue of vacation notice, the amount of rent payable will be adjusted in the later months
of notice period basis rent payable for said period and mutual understanding of both the
parties. For better clarity for e.g.: If interest free rental deposit amount can be adjusted
in 3 to 6 months than the same will be adjusted in later 3 to 6 months of the notice
period and rent will be paid for balance notice period.

Out of the above total interest free rental deposit the Lessee has already released a part
Payment as follows:

Sl Name Date UTR no Amount Rs.

01

The balance Amount of Rs.________/-(Rupees ____________ only) will be released at

the time of Registration of Lease Deed.

10. That the LESSEE has also agreed to pay sum equivalent to __ Months’ Rent i.e
Rs._______/- (Rupees ____________ only) for area of (____ Sq.fts*Rs.__/-*__ months)
to the LESSOR towards short term security deposit which shall be adjustable in ___
months.

The short term security deposit will be released in a phased manner depending upon the
speed of the construction. But will be cleared before occupation of the building.
11. That the buildings shall be constructed as per the approved plan by the respective
Authority and as per CBSE norms. The plan of the building to be constructed shall be
signed by both the parties and the said plan would be treated as part and parcel of this
deed. The elevation of the premises should be consulted with the LESSEE and designed
so as to bring out rich ambiance to the structure and its location.
12. The LESSEE shall have a right to alter the building according to the convenience without
affecting the utility and the life of the building with the prior approval of the LESSORS in
writing for major works.
13. That the LESSEE hereby agrees to use the said premises for the purpose of running
educational institution(s) and not for any other purpose. The LESSEE is at liberty to use
the leasehold premises for any other Educational Institutions established by him/them.
14. The LESSEE has a right to sub lease the property to any of its group Companies/ firms/
Trusts etc. for the purpose of running the educational institutions.
15. That the LESSORS shall be liable to pay the property tax GST, all other municipal taxes
and statutory taxes levied by the Municipal Corporation or local authority or State or

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 Central Government in respect of the buildings. However, Water and Electricity
consumption charges as per the meter readings and the bills issued by the competent
authorities shall be paid monthly/regularly by the LESSEE during the tenancy. GST
applicable on the rent of the building shall be borne by the LESSEE/LESSOR.
16. That the Registration Charges whatsoever required for getting the lease deed registered
for any/all purposes with sub-registrar or district registrar shall be borne by the
LESSORS(s) only. They LESSORS must agree to register a separate lease deed that is
required to be submitted get permission to run the educational institution, this expense
will be borne by the LESSEE only.
17. That the LESSORS agree to undertake the responsibility of colouring/ painting or doing
minor repairs, required for the demised premises once in three years in order to keep it
in good state. The LESSOR agrees to undertake ART painting for Pre-Primary Classrooms
and Ground Floor corridor. In case the same is undertaken by the LESSEE with the prior
approval of the LESSORS, the cost incurred by the LESSEE shall be reimbursed by the
LESSORS by way of deduction from the succeeding monthly rentals payable.
18. THE ADDITIONAL ELECTRICAL CONSUMPTION DEPOSIT (ACD) shall be borne by the
LESSORS. In case the ACD is paid by the LESSEE the same shall be reimbursed by the
LESSORS by way of deduction from the next month rentals. Transformers to be erected
by the LESSORS according to the technical and electrical requirement proportionate to
the building.

19. Entire building is to be fixed with tube light, bulb fixtures and fan Hooks as directed by
the LESSEE. Speaker cables and telephone cables should be provided as directed by the
LESSEE. The LESSOR must provide pipelines and wiring for CC cameras at all required
areas as desired by the LESSEE.
20. The LESSORS must provide sufficient water for drinking and sanitary purpose. There
must be a bore well drilled and fit with a 5 HP motor to pump water to an overhead
tank with a capacity of 10,000 liters from where pipe lines will let out water to
restrooms and at required spots. Also if the said bore well dries up it is the responsible
of the LESSOR to drill a new one at their own cost or the same will be undertaken by the
LESSEE and the spent amount will be deducted from the rent. There should also be a
sump in the ground level where drinking water will be stored and pumped into a
separate 5000-liter tank on the terrace from where pipe lines will lead to outlets at each
floor level where it will be used.
21. The LESSOR must provide sheds at terrace and install RO water plant and provide
separate tanks with required capacity for drinking cool water and RO water and must
provide separate pipelines from the water tanks to all the floors.
22. All rooms/corridors are to be provided with reputed quality anti-skid tile flooring and
toilet/restroom/urinal floors, walls, passages to be fitted with glazed anti-skid tiles.
Corridors, staircases walls to be provided with tiles or enamel paint upto to the height of
3 to 4 feet with. The doors frames shall be with wood sections, main door with flush
shutter, windows of sliding UPVC make, and bathroom doors with bison board paneled

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 shutters/ G I sheet shutters. That the Lessor agrees to provide the doors, windows and
the bathroom’s fittings of good quality. Office rooms, visitors longue, Director/Principal
rooms shall be given altek finishing on the walls and the flooring with vitrified tiles. All
floors including stair case with railing to be furnished with iron gates as directed by the
LESSEE wherever necessary. All open balconies/OTS, corridors to be provided with grills.
23. That the lessor agrees to provide a compound wall of ____ ft. height around the
buildings with the gates erected at the required areas. And also agreed to provide Lifts
as per the requirement of the lessee.
24. Both the parties agree that the lessor is responsible for the structural maintenance of
the building till the completion the term of lease.
25. Lessor will use good quality fittings for mechanical, electrical and plumbing. Lessor will
be responsible for the maintenance with respect to the mechanical, electrical and
plumbing equipment’s for the first 2 years.
26. All class rooms to be constructed platform of 8”x 4½ ft. at the floor level below the area
where the chalk board is proposed to be placed. Wooden door stoppers for class rooms
and Vision glass of 6” diameter to be installed in all the doors. Cement racks to be
provided in each class room, Office block, & Reception as per the requirement of the
LESSEE.
27. In the event of any portion of the leased premises being taken away/acquired for the
set-back or for the road widening purposes or otherwise by the statutory authorities the
LESSEE shall not be entitled to claim any compensation or any other claim whatsoever
for any such action from the LESSORS property. However, the lease rentals of the
premises shall be reduced as per the available plinth area with immediate effect.
28. The LESSORS agrees to abide by the mutually agreed schedule of construction annexed
to this lease deed. LESSORS agrees to allow Lessee to monitor progress of the works
from time to time. Lessee will inspect the progress in the first week of _________ and
determine if the work is on schedule. If the work is behind schedule and the Lessee
determines that the LESSORS will not be able to handover the completed building by
_________, Lessee has the right to postpone the occupation of the property for the next
academic year, i.e. Lessee will take possession of the building ___________.
29. Both LESSORS and Lessee agree that the building should be handed over to Lessee by
__________ at the latest. In case there is any delay and the Lessee agrees to such delay,
LESSORS agrees to forgo rent until the end of the following month, i.e. if the building is
handed over in June, LESSORS agrees to forgo rent until end of July.
30. The LESSOR promises to assist the LESSEE to claim warranty etc. in the first year.
Thereafter the cost of all minor repairs shall be borne by the LESSEE. The LESSEE is not
responsible for structural defects because of natural calamites like earthquake,
Hurricanes, riots, fire ablaze etc. Soil load to be provided where ever required. Security
posts (Rooms) at the all gates (including main gate) shall be provided by the LESSORS.
The approach road to the premises will be provided by the LESSORS.
31. FORCE MAJEURE: Error: Reference source not foundNeither Party shall be liable to the
other if, and to the extent, that the performance or delay in performance of any of its

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 obligations under this Agreement is prevented, restricted, delayed or interfered with due
to circumstances beyond the reasonable control of such Party, including but not limited
to change in legislation, fire, flood, explosion, epidemic, accident, act of God, act of
terrorism, war, riot, strike, lockout, or other concerted act of workmen, act of
Government and/or shortages of material. The Party claiming an event of force majeure
shall promptly notify the other Party in writing, and provide full particulars of the cause
or event and the date of first occurrence thereof, as soon as possible after the event and
also keep the other Party informed of any further developments. The Party so affected
shall use its best efforts to remove the cause of non-performance, and the Parties shall
resume performance hereunder with the utmost dispatch when such cause is removed.
If the force majeure continues for a continuous period exceeding 30 (Thirty) Business
Days, the Parties shall assess the possible options available.

32. The LESSOR has agreed to provide Generator shed & platform required and bear the
cost of a brand-new Generator with required capacity which will be used and
maintained by the LESSEE. The Generator provided by the LESSOR should be less than 1
(one) year old for the existing schools.
33. Computer Lab/ Multimedia to be provided with electric plug/sockets at the ground
level and electrification to the level of installing A/C’s and the platform raised and
neatly tiled. Laboratories-preferably PHYSICS, CHEMISTRY & BIOLOGY are to be fully
ventilated and the platforms raised and neatly tiled as per the requirement of the
LESSEE. Cement Cupboards with rack facility are to be provided for storage purpose of
the instruments under utility.
34. The LESSORS should provide the authorized building plan, Sanitary Certificate,
Structural Soundness Certificate, Fire Safety Certificate (With all fire safety
equipment as specified by the competent authority),Municipal Occupancy Certificate,
etc. issued by the competent authority at the LESSORS own cost. The occupancy
certificate will be provide by the Lessor within 6 months form the date of occupation
of the building.
35. This agreement is subject to arbitration as per the Indian Conciliation and Arbitration
Act, 1996 and all disputes regarding this lease deed shall be subjected to ________
Jurisdiction only.
36. The LESSORS agrees to provide the LESSEE with necessary NOC if the premise of the
demised property is located in any localities that if residential/society/community in
nature from their respective authorized bodies.

Witnesses:

1.
LESSORS

2.

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 LESSEE

SCHEDULE OF PROPERTY

All that part and parcel of the building bearing survey No.__________
admeasuring_________situated at ______________ building consisting of ________floors
with total plinth area of __________sq.fts out of total _________sq.fts at _________floors
leased to the Lessee is bounded by:

East:
West:
South:
North:

In Witness Where of the LESSORS and LESSEE have signed this Lease Deed at their free will,
and sound mind, without any force or coercion. Having read the above contents and having
understood, they have affixed their hand seals and their signatures on this Lease Deed on the
day, month and year of the first mentioned above in the presence of the undersigned
witnesses.

Witnesses:

1.
LESSORS

2.

LESSEE

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