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

The New India Assurance Co.Ltd.· The Lessor shall at its cost keep the demises premises, wind & water tight & shall carryout all structural or other necessary repairs as & when required & shall keep the demisedpremises in good repairs & habitable condition. The Lessor shall white wash the demisedpremises every alternate year & painting of doors & windows every three years. The Lessorshall also be liable for the maintenance, repairs, services & cleaning as also the properlighting of the common passages, paths, staircases attached to the demised premises.· The Lessor shall not let out or give Leave & License or allow any other person to use orcarry on any unusual or harmful occupation or business, in or upon any part of the demisedpremises which may cause annoyance to and/or otherwise likely to prejudice the businessof the Lessee at the demised premises.· The Lessor shall bear all Municipal & Government rates & taxes in respect of the demisedpremise. If the Lessee is ever called upon to pay any taxes or rates by any authoritiesowing to default on the part of the Lessor or for any other reason whatsoever, the Lesseeshall be at liberty to pay such rates & taxes & to recover the same by deduction and/oradjustment from the monthly rental payable by the Lessee to the Lessor in terms hereof &until such recovery, the Lessor shall pay interest at 13% per annum from the date of suchpayment by the Lessee subject however to the condition that non-payment of rent and/orany adjustment aforesaid shall not be treated as a default on the part of the Lessee so asto create a ground for eviction or otherwise which the Lessor both hereby waive as agreedupon.· The staircase leading to the demised premises together with paths, yards & entrancefrom the main road leading to the demises premises shall be kept by the Lessorunobstructed & for the use of the Lessee, its staff & clients during the period of officeworking. The Lessor should arrange proper flow of light & electricity in all the commonareas including the staircase for the use of the Lessee, its staff & clients.· The Lessee shall be entitled to fix at his own costs, counter & bring furniture, steel safes &cabinets.· If the Lessor fails or neglects to carry out the necessary repairs & perform any of theirobligations in terms of this lease & Lessee shall be at liberty to do the same on behalf ofthe Lessor on Lessor’s account & such costs which may be necessary to be incurred willbe paid by the Lessor to the Lessee on demand failing which the Lessee may recover thesame with interest thereon at the rate of interest payable under the Interest act by deductinga certain percentage of the same from the monthly rental payable to the Lessor.MANUAL ON PROPERTY83