Property_Manu - Final - The New India Assurance Co. Ltd.

The New India Assurance Co.Ltd.nine/ ten/ fifteen/ twenty/ twenty five years commencing from the ..... day of.......... 20..... and endingon ......... day of ...... 20..... at the rent of Rs. ........ per month for the first three/five years and at therent of Rs. ........... per month for first ........ (three/five/ ) years, that is to say, for the period ........ dayof ........ 20...... and at the rent increased by ........ per cent of the said rent per month for the second..... (three/ five) years that is to say for the period ...... day of ......... 20..... and at the rent increasedby ........ per cent of the said increased rent per month for the third ...... (three/five ) years, that is tosay, for the period ....... day of ........ 20..... to ..... day of ..... 20..... . (Rate of rent is expressed in persq.ft. of carpet area).NOW THIS INDENTURE WITNESSETH that in consideration of the said rent hereby reservedand of the covenants, terms and conditions herein contained and on the part of the LESSEE tobe paid observed and performed the Lessor both hereby demise unto the Lessee firstly ALLTHAT the office space containing a carpet area of ....... sq. ft. on the ...... floor of the building knownas ........... in the town/city ........... in the State of .............. being premises No. ..................................together with all rights/easements and appurtenances whatsoever belonging to or pertaining tothe demised premises and TO HOLD THE demised premises for the term of (nine/ ten/ fifteen)........years commencing from ..... day of ...... 20..... and ending on the ...... day of ..... 20..... with option forrenewal on the part of the Lessee, to be reduced to writing stamped & registered under the forcefor the being. YIELDING AND PAYING THEREFOR UNTO THE LESSOR during the said term aconsolidated rent of Rs. ..... per month for the first (three/ five) ......... years that is to say, for theperiod of ....... day of ........ 20..... and at the rent of Rs. ........ per month for the second (three/five)........ years that is to say, for the period ....... day of ..... 20..... (inclusive of all Municipal rates andtaxes and all other outgoings whatsoever in respect of the demised premises payable on orbefore the 10 th day of each and every month according to English calendar for the monthimmediately preceding.) or excluding any taxes and outgoings which shall be paid on actualswithin 7 days of receipt of intimation of the same by the Lessee from the Lessor.AND THE LESSEE DO HEREBY CONVENANT WITH THE LESSOR as follows:-· To pay the rent payable as hereby reserved in the manner herein provided.· To use the said demised premises for any of its business purposes to locate any of itsOffices, Store Room, Training Centre and such other Centre as may be deemed fit includingstaff canteen & Security Guard’s quarter, if required. The lessee shall have free right foringress & egress of its employees, customers, agents & persons interested in inter-actingwith the Lessee. The Lessee shall have the right & liberty to sub-let the whole or any partof the demised premises after giving due intimation to the Lessor but without any consentor approval from the Lessor in writing or otherwise.80 MANUAL ON PROPERTY