Sadik Eng Lease
Sadik Eng Lease
Sadik Eng Lease
Contd..2/-
-02-
(1) Mrs. REHANA KHAN, W/o.K.G.Ayub Khan, aged about
46years (2) K.G.AYUB KHAN, S/o.Gaiban Kha, aged about
57 years, both are residing at No.157-B, Third Floor, 37 th Cross,
2nd Block, Rajajinagar, Bangalore-10., Hereinafter called the
LESSORS of the First Part. AND
(The term both the LESSORS and the LESSEE shall mean and
includes their respective heirs' executors administrators, legal
representatives and assigns, etc.,)
LEASE OF PREMISES:
The LESSORS are the Absolute Owners of the Residential
house building bearing No.157-B, situated at 37 th Cross, 2nd Block,
Rajajinagar, Bangalore-10., out of which the LESSORS needs funds
for their family beneficial purposes is Leasing out Ground Floor
portion house which is more fully described in the schedule
hereunder and hereinafter referred to as the “SCHEDULE OF THE
HOUSE PREMISES” for the Residential purposes.
USE OF PREMISES
The LESSEE shall use the Schedule House premises only for
his RESIDENTIAL PURPOSES only and shall not carry any other
business or trade which are prohibited under law.
LEASE AMOUNT :
The Lease amount for the House premises is fixed at
Rs.15,00,000/-(Rupees Fifteen Lakhs Only) out of which:
“as is where is” basis and also attorn the LEASE AMOUNT as
mentioned in the RENEWAL LEASE DEED dated:01/01/2020 in
favour of the Mrs. REHANA KHAN and AYUB KHAN (the
LESSORS herein).
Thus the LESSORS through this LEASE DEED, hereby
agreed and acknowledges the receipt and adjusted the Lease
amount Rs.13,30,000/- only payable by the LESSEE to this
LEASE DEED
d) The LESSORS are need not to pay any type of interest for the
Lease amount to the LESSEE. As well the LESSEE is need not
to pay any type of rent for the Schedule House premises to
the LESSORS.
Contd..5/-
-05-
INSPECTION/ ENTRY:
The LESSOR shall bear and pay the Property taxes, rates, and
cesses payable to the BBMP or to any authority regarding Schedule
house premises.
Contd..6/-
-06-
6) The LESSORS had handed over the LEASE house Premises with
the good and tidy condition to the LESSEE and at the time of
vacating the Schedule premises the LESSEE shall vacate and
hand over the same in vacant and good conditions to the
LESSORS only.
7) The LESSOR and the LESSEE shall intimate each other well in
before three (3) months to terminate this LEASE deed or to
evict/vacate the Schedule house premises.
Contd..7/-
-07-
Contd..8/-
-08-
WITNESSES:-
1)
(Mrs. REHANA KHAN)
(AYUB KHAN)
LESSORS
2)
(Mrs. LAILA.M)
LESSEE