Lease Agreement

THIS LEASE DEED is executed at PLACE on this Date day of Month, Year by and between Name
of the Lessor, Resident of Address of the Owner (hereinafter jointly and severally called the
“LESSOR”, which expression shall include their heirs, legal representatives, successors and
assigns) of the one part:

AND Name of the Lessee, having permanent address at Complete permanent Address of the
Lessee, (hereinafter called the Lessee, which expression shall include its legal representatives,
successors and assigns) of the other part.

WHEREAS Name of the Owner the Lessor is the absolute owner of the Complete Address of the
Property hereinafter referred to as "Demised Premises".

WHEREAS the lessee has requested the Lessors to grant lease with respect to the Complete
Address of the Property and the Lessor has agreed to lease out to the Lessee the Property for
purpose specified hereunder only, on the following terms and condition:
NOW THIS DEED WITNESSETH AS FOLLOWS:

1. The lease in respect of the “Demised Premises” shall commence from Starting Date of
Agreement and shall be valid for not more than 15 years from the date of Agreement ((That this
Lease Agreement has a lock-in-period of Number of Months and cannot be terminated by
either party.)) Thereafter, both the parties to the agreement shall not allowed to extend further the
period of lease as it will be for personal use of Lessor.

The Lessee shall maintain the Demised Premises in good condition. That it shall be the
responsibility of the Lessee to hand over the vacant and peaceful possession with compound hall
at each side of the demised premises without any recourse to the law or any legal proceedings on
expiry of the lease period, or on its early termination, as stated hereinabove in the same condition.

2. That the Lessee shall pay to the Lessor a monthly rent of Rs. Amount of rent (6% of today’s
market value). The rent shall be paid in advance on or before 5th of Calendar Month.

The Lessee shall have to pay three month’s rent in advance.

In case of delay in payment of rent, the Lessee shall be liable to pay interest @ 18% to Lessor on
outstanding amount starting from the first date of month in which rent shall be due to pay.

The Lessee shall have to pay 15% increase at every three years in addition to last rent paid.

That in the event of nonpayment of rent and overdue interest by the Lessee for 2 consecutive
months despite reminder issued by Lessor on such rent the Lessor shall have the right to terminate
the Lease with immediate effect and take back possession of the said premises.
The Lessor shall acknowledge and give valid receipts for each payment made by the Lessee
to the Lessor, which shall be treated as conclusive proof of such payments.

4. The Lessee shall transact business of ___________________________________only. Any

other legal or illegal activities or business shall not be allowed except mentioned here above.
Any change in constitution of Lessee in future or any change in business from mentioned here
above shall require written consent of Lessor to continue lease facility. The lease agreement
shall be null and void on change in above without written consent of Lessor.

5. That during the lease period, in addition to the rental amount payable to the Lessor, the Lessee
shall pay for all Government or semi-government charges such as land lease, Electricity, water,
all other taxes in whatsoever named leviable by any local, central or any other authority, etc. as
per bills received from the authorities concerned directly up to the date of vacation of the property.
On nonpayment of the said charges the lease agreement will be null and void and the Lessee
have to vacate demised property immediately. Any servicing & repair will be the responsibility of
the Lessee to the “Demised Property”.

6. The Lessee will pay to the Lessor an interest-free refundable security deposit of Rs. Amount
vide cheque no dated ______at the time of signing the Lease Agreement. The said amount
of the Security deposit shall be refunded by the Lessor to the Lessee at the time of handing over
possession of the demised premises by the Lessee upon expiry or sooner termination of this lease
after adjusting any dues (if any) or cost towards damages caused by the negligence of the Lessee
or the person he is responsible for.

7. That the Lessee shall not lien, sublet, transfer, mortgage, sale, or assign the demised premises
in whole or part thereof to any person in any circumstances whatsoever and the same shall be
used for the specified purposes prescribed in this agreement only. The lease shall not be transferable
by Lessee to any person.

8. That no structural additions or alterations shall be made by the Lessee in the premises without
the prior written consent of the Lessors except constructing compound hall on each side of land.
On termination of the tenancy or earlier, the Lessee shall have to restore the changes made, if
any, to the original state.

9. That the Lessor shall hold the right to visit in person or his authorized agent(s), servants,
workmen etc., to enter upon the demised premises for inspection or to carry out repairs /
construction, as and when required.

10. The Lessor represents that he has complied with all the statutory payments of the property
including that of taxes and statutory dues to the authority. The Lessor also represents that there
is no Charge including mortgage due exist on the Demised Premises which would affect the
peaceful possession of the Lessee of the Demised Premises.

11. The Lessee shall not allowed to install or display any hoardings or sign board except sign
board of Lessee.
12. That in case, where the Premises are not vacated by the Lessee, at the termination of
the Lease period, the lessee will pay damages calculated at two times the rent for any period,
of occupation commencing from the expiry of the Lease period. The payment of damages
as aforesaid will not preclude the Lessor from initiating legal proceedings against the
Lessee for recovering possession of premises or for any other purpose.

13. That both the parties shall observe and adhere to the terms and conditions contained
hereinabove. Any changes in terms and conditions in lease agreement shall be in written form having
sign of all the persons concerned with who have sign this agreement between both parties.

14. That the Lessee and Lessors represent and warrant that they are fully empowered and competent
to make this lease.

15. In case of any dispute to this agreement and the clauses herein, the same will be settled in the
Rajkot jurisdiction.

16. That the Lease Agreement will be registered in front of registrar and the charges towards stamp
duty, court fee & lawyer/coordinator will be borne by the Lessee.

IN WITNESS WHEREOF the parties hereto have executed these presents on the day and year.

LESSOR LESSEE

WITNESSES: