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

The New India Assurance Co.Ltd.· The Lessor shall provide & maintain sanitary, latrines, urinals, lavatory with water tap,wash basins & flushing & other necessary modern appliances in the demised premises.· The Lessor shall arrange for running of the lift in the event of failure of the electricitysupply by the authorities, by proving Generator thereof.· The Lessor should make necessary arrangement to provide supply of ...... KW electricityin the demised premises, so as to unable the Lessee to use their computers to be installedby the Lessee in the demises premises.· Any notice that may be required to be served upon the parties hereto will be deemed tohave been properly & effectively served on the parties, if sent by registered post to theaddress of the party concerned, mentioned herein or to the last known address of thesame.IT IS HEREBY AGREED BY & BETWEEN THE PARTIES AS FOLLOWS :· If the monthly rent hereby reserved or any part thereof shall remain unpaid for a period ofsix months without any cogent reason or the Lessee commits breach of any of the covenantsterms or conditions on its part to be observed & performed it shall be lawful (but notcompulsory) for the Lessor to determine the lease & to re-enter the demised premises orany part thereof in the name of the whole & to take possession thereof.· In case of acquisition of the demised premises or any portion thereof by the Governmentor any other public body under the Land Acquisition Act or any other Act, Ordinance or theRule for the time being in force at any time during the subsistence of the lease the Lessorshall be entitled to such compensation money as may be awarded to the Lessor for suchacquisition & the Lessor shall be entitled to such compensation as may be awarded to itfor his lease hold interest in accordance with the provisions of law & subject to this &lease shall determine & stand canceled PROVIDED HOWEVER that in case only a portionof such demised premises is acquired, the Lessee shall have the option to surrender thelease for the unexpired period of the lease for the remaining portion of the demised premisesafter giving reasonable notice in writing to the Lessor & upon expiry of one month thereafterthe lease shall stand determined. If the Lessee wants to occupy the portion of the demisedpremises not acquired then & in such case the Lessee shall be liable to pay theproportionate rent.· In the event of the demised premises being wholly or partially destroyed by civilcommotion, enemy action, earthquake, violence of mob & fire (not caused through thenegligence of the Lessee or its servants or agents or the act of its servants in the course of84 MANUAL ON PROPERTY