- A-96 ----- LEASE AGREEMENT----- Between Rajinder K. Nagpal (lessor ) and Parveen Garg (lessee) w.e.f 01-07-2025

LEASE & LICENCE DEED 

MOU agreed on ist day of June 2025 

Before entering into a Lease/AND License agreement, for the Basement premises at A-96 measuring around 3000 square feet, the following points were discussed in detail, and an MOU was arrived at between the lessor and the lessee on the following terms and conditions as mutually agreed upon between the two and the same understanding is being drafted into a Lease and licence agreement as below.

1- That the lease/Licence agreement was agreed upon on the first of June 2025, and after allowing 30 Days of zero period for fitment and installation of machinery at the premises, lease will Thence become effective on 1st july,2025 for eleven Months from 1st july,2025 to 30th June 2026 inclusive of one month period renegotiatins and revisions of lease terms.

2- Security amount equivalent to six months' lease or any other amount mutually agreed upon will be deposited by the lessees with the lessor for taking care of contingencies and maintenance of the building and other electrical fixtures at the time of annulment of lease, and the final settlement balance remaining if any, will be accounted for  refund or adjustment towards  the same 

3- Lease money has to be paid regularly and strictly between 1st-to fifth of every month, failing which a penal interest @ of 3% will be charged on the whole monthly lease amount.

4- The central point and soul of the lease period is 11 Months, after which every extension, if sought, will be mutually agreed and subject to an increase of the lease amount by 10 % for every New lease term if extended after the expiry of eleven months ( which practically means every year on year enhancement of lease money by 10%)failing which lease will not be extended lease money to be paid for the period Ist july 2025 is 70000/- per Month Till 30th June 2026 ( one month being grace  period 0

LEASE AGREEMENT

This Lease Deed is made at Delhi on this _Ist __ day of _July__________, 2025 between

Mr. Rajinder K. Nagpal Aged 77 years S/o Mr.Late shri Tara Chand Nagpal R/o House No-12, Road No.71, West Punjabi Bagh,, West Delhi, Delhi- 110026 (hereinafter called the “LESSOR” (which expression shall be deemed to mean and include wherever the context so permits their legal representatives, executors, administrators and assigns) on the ONE PART.

AND

Mr PARVEEN GARG (DOB 26-05-1979) S/O Mr.PREM CHAND GARG R/o WZ-F-700/1 SRI NAGAR, SHAKUR BASTI, DISST NORTH -WEST DELHI 110034 hereinafter called the “LESSEE” (which expression, unless excluded by or repugnant to the context, shall include its successors and assigns) of the OTHER PART,

Whereas the LESSOR is the EXCLUSIVE Sole Owner of the Industrial Premises A-96 Wazirpur Industrial Area, Delhi 110052 whereas the LESSEE is interested to take the said premises at LOWER FLOOR CALLED BASEMENT (hereinafter referred to as the ‘PREMISES’) on lease from the LESSOR and the LESSOR has agreed to let it out, on the terms and conditions as mentioned hereunder:

NOW THIS DEED WITNESSETH AND IT IS HEREBY MUTUALLY AGREED BETWEEN BOTH THE PARTIES AS UNDER:

1. That the LESSOR hereby leases the PREMISES for a period of Eleven Months (11 Months) commencing from 01st july 2025 and expiring on 30th June 2026, to the LESSEE for the sole purpose of running Business activities of stainless steel sheet Press shop, this lease may be extended for subsequent year(s) on mutual consent between LESSOR & LESSEE. The possession of the said property has been given to the LESSEE by the LESSOR on 01st June 2025, with the privilege of using these premises free till 30 June 2025 as a fitment period of thirty days and will remain with the LESSEE till 30th June 2026, that is for 11 Months only.+ grace period 30days  ( subject to renegotiation of lease money @ 10% increase in lease money with every Renewal on a year-to-year basis

2. That the Lessee shall pay to the Lessor for the above said property the Lease/rent of Rs. 70000/- )Rupees Seventy Thousand Only/ By check and cash Both the modes will be accounted for Excluding all other incidental wear and tear /maintenance and electricity charges per month in advance on or before 5th day of each English Calendar month.

3. (a) That the Lessee shall pay Rs. 300000/- (Rupees Three lacs only ) To Mr. Rajinder Kumar Nagpal as interest-free “Security Deposit” in advance to the Lessor by way of cheque no. ______, dated ______, drawn on ____________, which is refundable after deduction of dues, if any, at the time of handing over the peaceful vacant possession of the property back to the Lessor.

(b) That the lessee shall pay the July 2025 Lease amount in advance to the Lessor, Rs.. 70000/= (Rupees seventy Thousand Only).

4. (a) That the lessee shall use the property exclusively to run a stainless steel press shop for industrial purposes only.

(b) That the LESSEE shall in no case sublet the above PREMISES in whole 

or in part.to any third party. If violated, that action will lead to cancellation of this agreement forthwith without any further notice. Lessee shall bear the incidental consequences and the compensation, if any, to the lessor.

.

1. There shall be no change in the terms of this Agreement in the present or in future without a written agreement between the Lessor and Lessee for all purposes

1. The Lessee shall pay electricity charges according to consumption of electricity units as per meter at prescribed rates of every month to the concerned authorities / NDPL, which will be proportionately shared between the occupants/Tenants of the building based on readings on their submeters. Any discrepancy or any difference between actual consumption and the power supply meter reading of the NDPL will also be shared proportionately amongst all the users according to their respective readings  

2. The Lessee shall take care of any other issues arising out of the maintenance of the building and power supply in the premises, keep everything in perfect working order on a day-to-day basis, pay for the Municipal services, /Local authorities as and when demanded.

3. The Lessee shall comply with all the rules and regulations of DDA & The MCD / local authorities with the said property.

4. The Statutory Dues, like Property Taxes and other taxes about ownership of this premises, the Lessor shall pay all statutory dues and Municipal taxes, etc, to the concerned Government authorities, himself directly about the said factory Premises

1. The Lessee shall not carry out any additions or alterations to the Leased Premises layout, fittings and fixtures without the prior written consent of the Lessor, other than for the natural use of the premises as envisaged in the foregoing paragraphs of the lease agreement  

5. That the Lessee at the time of occupation shall see that all the electrical, sanitary fittings and fixtures are intact and/or in perfect working order, as much as is practically possible. The Lessee shall be responsible for restoring them in the same condition, except natural wear and tear and damages by act of nature. However, major fitment excavations and digging of basement floors for the fixing of Heavy Presses, etc, shall have to be restored back to their original condition at the time of settling final security adjustment and arrears

6. The Lessee shall permit the Lessor or any of his authorised agent(s) to enter into the said property for inspection and to carry out the necessary repairs at all reasonable times with a prior notice of a reasonable period. If needed.

1. That once all fittings and fixtures are found to be in good working order, the subsequent day-to-day repair(s) such as electrical and sanitary ware, leakage of water taps, etc., have to be done by the Lessee at his own cost(s).

7. That upon the expiry of the Lease period, the Lessee shall hand over the physical vacant possession of the said property to the Lessor, with all the fittings and fixtures in working condition, intact and in perfect working order except natural wear and tear.

8. That in case the Lessee makes default in making the payment of the rent or commits any other breach of this deed, the Lessor shall be entitled to get back the possession of the property immediately hereinafter accordingly.

9. This lease is subject to a lock-in period of eleven months. In case the lessee vacates earlier on his own, then he will be liable to pay the balance lease money left for the remaining period rental. Similarly, in case the LESSOR asks LESSEE to vacate the property for any reason, the LESSOR shall compensate the LESSEE with the rental amount for the residual period of the lease.

10. After 11+1MO, Grace's monthly lease will be increased by 10% for the said property. 

11. That in case of any bona fide requirement of the Lessor to be communicated to Lessee on the expiry of 11 months of commencement of the said Lease, Lessee shall take the necessary steps to vacate the said Premises so occupied. 

12. The LESSEE can also vacate the said property after giving one month's prior notice.

13. That the LESSEE will give peaceful vacant possession of the said PREMISES after expiry of the lease to the LESSOR in the same condition as existing at the time of commencement of this Lease with all fittings & fixtures as handed over at the time of occupation of the said PREMISES and LESSEE shall ensure that all charges/dues in respect of electricity, water, telephone, maintenance charges etc are paid before vacating the PREMISES. The LESSOR shall refund the security deposit of 300000- (Rupees Three lacs Only)  immediately at the time of vacation of the house by LESSEE after deducting unpaid dues, charges if any. 

14. That the LESSEE shall abide by all the byelaws, rules, regulations of the local authorities, Wazirpur association / relating to the use of the said PREMISES and as covenanted. The LESSEE shall use the entire PREMISES for Manufacturing /warehousing purposes only. 

15. That only the Delhi Court(s) will have the exclusive jurisdiction for the settlement of any dispute, if any, arising out of this Agreement.

IN WITNESS WHEREOF, both the parties named have affixed their signatures on this Lease Deed of the date, month and year written in the presence of the witnesses given below:

These lease agreements are executed and coordinated through Sumit Garg & Both Parties Pay to the facilitator, Sumit Garg, one month's rent.  ( fifteen days each )

WITNESSES:

Rajinder K. Nagpal ( Advocate )

R/O 12/71 west Punjabi Bagh New

Delhi 110026

1. Sumit Garg s/o       LESSOR

R/O --

2. Mathura Ram s/o      

Parveen Garg R/O WZF700/1 Shri NAGAR

                                                                                          Shakur Basti .Delhi 110034 

                                                                                                                                                                                                                                                               

                                                                                                                        Lessee

LEASE AGREEMENT

This Lease Deed is made at Delhi on this ___ day of ___________, 2017 between

Mr. Deepak Nagpal S/o Mr. Nandlal Nagpal R/o House No-12, Road No.71, West Punjabi Bagh, Punjabi Bagh S.O., West Delhi, Delhi- 110026 (hereinafter called the “LESSOR” (which expression shall be deemed to mean and include wherever the context so permits their legal representatives, executors, administrators and assigns) on the ONE PART.

AND

Mrs. Sanju Surana W/o Mr. Sandeep Surana R/o 104, Third floor, Vivekanand Puri, Sarai Rohilla, Malka Ganj, North Delhi, Delhi-110007. here in after called the “LESSEE” (which expression, unless excluded by or repugnant to the context, shall include its successors and assigns) of the OTHER PART,

Whereas, the LESSOR is the Owner of residential accommodation of Apartment No. CGB164 and Parking Space No. PB2023/ PB2023A in DLF Capital Greens, Shivaji Marg, New Delhi - 110015  Whereas the LESSEE is interested to take the said premises (hereinafter referred to as the ‘PREMISES’) on lease from the LESSOR and the LESSOR has agreed to let it out, on the terms and conditions as mentioned hereunder:

NOW THIS DEED WINTESSETH AND IT IS HEREBY MUTUALLY AGREED BETWEEN BOTH THE PARTIES AS UNDER:

1. That the LESSOR hereby leases the PREMISES for a period of Eleven Month (11 Month) commencing from 01st December 2017 and expiring on 31st October 2018, to the LESSEE for the sole purpose of residence, this lease may be extended for subsequent year(s) on mutual consent between LESSOR & LESSEE. The possession of the said property will be given to the LESSEE by the LESSOR on 01st December 2017 and will remain with the LESSEE till 31st October 2018 that is for a period of 11 Months only. 

2. That the Lessee shall pay to the Lessor for the above said property the rent of Rs. 34,500/- (Rupees Thirty Four Thousand Five Hundred Only) Excluding maintenance and electricity charges per month in advance on or before 7th day of each English Calendar month.

3. (a) That the Lessee has paid a sum of Rs.69,000/- (Rupees Sixty Nine Thousand Only) favoring Mr. Deepak Nagpal as interest free “Security Deposit” in advance to the Lessor by way of cheque no. ______, dated ______, drawn on ____________ which is refundable after deduction of dues, if any, at the time of handing over the peaceful vacant possession of the property back to the Lessor.

(b) That the lessee has paid the December 2017 advance rent to the Lessor  Rs. 34,500/- (Rupees Thirty Four Thousand Five Hundred Only).

4. (a) That the lessee shall use the property exclusively the Residential Purpose only.

(b) That the LESSEE shall in no case sub-let the above PREMISES in whole 

or in part.

.

1. There shall be no change in the terms of this Agreement without a written agreement between the Lessor and Lessee.

1. That the Lessee shall pay electricity charges according to consumption of electricity units as per meter at prescribed rates of every month to the concerned authorities / DLF Home Developers Ltd. Owners Association. 

2. That the Lessee shall pay for the Maintenance charges every month to the         DLF Home Developers Ltd Owners Associations / Local authorities as and when demanded.

3. That the Lessee shall comply with all the rules and regulations of DLF Home Developers Ltd Owners Association / local authorities whatsoever in relation to the said property.

4. That the Lessor shall pay all statutory dues and Municipal taxes etc, to the concerned Government authorities in relation to the said flat.

1. That the Lessee shall not carry out any additions or alterations to the flat layout, fitting and fixtures without the prior written consent of the Lessor, other than that for the natural residential use of the apartment / flat. 

5. That the Lessee at the time of occupation shall see that all the electrical, sanitary fittings and fixtures are intact and/or in perfect working order, as much as is practically possible. The Lessee shall be responsible to restore them in the same condition except natural wear and tear and damages by act of nature.

6. That the Lessee shall permit the Lessor or any of his authorized agent(s) to enter in to the said property for inspection and to carry out the necessary repairs at all reasonable time with a prior notice of reasonable period.

1. That once all fittings and fixtures are found to be in good working order, the subsequent day to day repair(s) such as electrical and sanitary ware, leakage of water taps, etc. have to be done by the Lessee at his own cost(s).

7. That upon the expiry of Lease period, the Lessee shall hand over the physical vacant possession of the said property to the Lessor, with all the fittings and fixtures in working condition, intact and in perfect working order except natural wear and tear.

8. That in case the Lessee makes default in making the payment of the rent or commits any other breach of this deed, the Lessor shall be entitled to get back the possession of the property immediately hereinafter accordingly.

9. This lease is subject to Lock in period of Six months. In case lessee vacate earlier on his own then he will be liable to pay the rental. Similarly in case the LESSOR asks LESSEE to vacate the property for any reason, the LESSOR shall compensate the LESSEE with the rental amount for the residual of the 1 month lock in period of the lease.

10. After 12 months rent will be increased by 10% for  the said property. 

11. That in case of any bonafide requirement of the Lessor  to be communicated  to Lessee on the expiry of 11 months of commencement of the said Lease, Lessee shall take necessary steps to vacate the said flat so occupied. 

12. The LESSEE can vacant the said property after giving the one month prior notice.

13. That the LESSEE will give peaceful vacant possession of the said PREMISES after expiry of the lease to the LESSOR in the same condition as existing at the time of commencement of this Lease with all fittings & fixtures as handed over at the time of occupation of the said PREMISES and LESSEE shall ensure that all charges/dues in respect of electricity, water, telephone, maintenance charges etc are paid before vacating the PREMISES. The LESSOR shall refund the security deposit of Rs.69,000/- (Rupees Sixty Nine Thousand Only)  immediately at the time of vacation of the house by LESSEE after deducting unpaid dues, if any. 

14. That the LESSEE shall abide with all the byelaws, rules regulations of the local authorities / DLF Home Developers Ltd Owners Associations relating to the use of the said PREMISES and as covenanted. The LESSEE shall use the entire PREMISES for residential purpose only. 

15. That only the Delhi Court(s) will have the exclusive jurisdiction for settlement of any dispute, if any arising out of this Agreement.

IN WITNESS WHEREOF both the parties named have affixed their signatures on this Lease Deed of the date, month and year written in the presence of the witnesses given below:

These Leese agreements execute by Honey Money Associates Ltd. & each party pays one month rent.  

WITNESSES:

1.       LESSOR

2.       LESSEE