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Rent Agreement with NOC.pdf

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Hindenburg Research
Hindenburg Research

1. Pravin Dhandharia HUF leased commercial property located at 507 Abhijeet-1, Ahmedabad to Shah Dhandharia & Co LLP for a period of 3 years from July 1, 2021 to June 30, 2024 at a monthly rent of Rs. 32,000. 2. The lease agreement specifies the rights and responsibilities of both parties, including payment of utility bills and taxes by the lessee and insuring the property by the lessor. 3. The agreement allows for extension of the lease period by another 3 years and includes provisions for early termination and dispute resolution.

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Government of Gujarat Certificate of Stamp Duty 152r I 30-Jun-2021 10:52 AM IMPACC (AC)/ 9j13014311/ cULBAI TEKRA,/ GJ-AH suBlN-GJGJ1 301 431 1 7865875551 929'1 T PRAVIN DHANDHARIA HUF Article 30(a) Lease'(lmmovable Property) - Rent 507 ABHIJEET.l NAVRANGPURA AHMEDABAD 0 (Zerc), PBAVIN DHANDHARIA HUF SHAH DHANDHARIA AND CO LLP PRAVIN DHANDHARIA HUF 300 (Three Hundred only) 0006920404 *@ g-{ra ;na Certificate No. Certiiicate lssued Date Accounl Belerence Unique Doc. Beference Purchased by Oescription of Document Property Description Consideration Price (Bs.) First Pa(y Second Party Stamp Duty Paid By Stamp Duly Amount(Rs.)
INDENTURE OF LEASE THIS INDENTURE OF LEASE made at Ahmedabad on this 3orh day of June,2021 between 1. Mrs. Pravin Dhandharia H.U.F., having PAN AAlHP9018B; Through Karta: Pravin Dhandharia aged 45 years and having PAN AAOPD1690D residing at A- 202, lscon Riverside, Near Shilalekh Flat, Shahibaug, Ahmedabad - 380004 being the owners of the commercial premises located in the scheme known as "Abhijeet" hereinafter called the "the Lessoy'' (which expression shall unless the same be repugnant to the context or meaning thereof be deemed to mean and include his successors in title and assigns) of the ONE PART. AND 2. Shah Dhandharia & Co LLP, having PAN AAGFM7049H, having its present registered office at 807, AbhUeet 1, N4ithakhali Six Roads, Navrangpura, Ahmedabad - 380009, Gujarat, through its Designated Partner, Mr. Shubham Rohatgi, hereinafter called "the Lessee" (which expression shall unless the same be repugnant to the context or meaning thereof be deemed to mean and include its successon; in title and assigns) of the OTHER PART.
WHEREAS: l. The Lessor is seized and possessed of or otherwise well and sufficiently entitled to the property (office premises) located at 507, AbhUeet-1, Near Mithakhali Cross Roads, Navrangpura, Ahmedabad - 380009, Gujarat. ll. The Lessee has requested the Lessor and demise UNTO lessee by way conditions mentioned herein below, and the Lessor has agreed to grant, convey of lease the said premises under terms and NOW THIS INDENTURE OF LEASE wlTNESSETH THAT: L ln consideration of the rent herein reserved and all the covenants, conditions and agreements hereinafter contained and on the partofthe Lessee to be paid, observed and performed, the Lessor hereby demise all that property being 507, Abhijeet-1, Near Mithakhali Cross Roads, Navrangpura, Ahmedabad - 380009, Gujarat, (hereinafter referred to as the "Demised Premises") TOGETHER WITH all rights, privileges, assessments, appendages, advantages and appurtenance of whatsoever nature relating to the demised premises or usually enjoyed in connection lherewith, together with the right in common with Lessor and all the occupants of the said building to use the entrance, passages, stair cases, lobbies and the easements belonging to or pertaining to the said building unto the Lessee for a period of 3 years commencing from 0'l"t July,2021 ending on 30th June, 2024 as pet the mutual understanding of both the parties and upon the conditions and covenants contained herein. ll. Although this indenture of this lease is made on 30rh day of June, 2021, it will be effective from O1"t day of July, 2021. lll.The Lessee hereby covenants with the Lessor as follows: 1. That the Lessee shall pay a monthly rent of 32,000/- (Rupees Thirty Two Thousand Only) to the Lessor through Account Payee cheque or digital mode at the end of the month. Page 2 of 7
3. 2. 4. 7. That the Lessee shall pay from the date of this lndenture all the charges for consumption of electricity and other utility bills in respect of Demised Premises directly to the concerned authority and shall furnish the Lessor a copy of the receipt of such payment as a proof thereof. That the Lessee shall not use the Demised Premises or permit its use by any one else for purpose of any offensive, illegal or any unlaMul trade or business, but shall use the same only for purpose of its business for the time being and from time to time carried out by the Lessee. That the Lessee shall keep the exterior and the interior of the demised premises in good, tenable conditions at all the time during the term of Lease, reasonable wear and tear and damage or destruction of the Demised Premises or part thereof by involuntary fire, explosion tempest, earthquake storm, floods, lightning, riot, civil commotion or any other inevitable act or accident always excepted. To permit the Lessor or its agents, servants, etc. to enter upon the Demised Premises at all reasonable time in the day hours to view conditions thereof with lhe prior notice of two working days. That the Lessee shall not make any structural change within the Demised Premises nor it shall erect upon or into the Demised Premises any struclure of permanent nature. However the Lessee may make temporary partition within the Demised Premises. The Lessee shall not carry out any work of alternating and/or removing any fixtures, walls, doors, windows etc., without prior written consent of the Lessor after the date of this agreement. The Lessee shall upon expiration or sooner determination of the Lease deliver UNTO the Lessor vacant and peaceful possession of the Demised Premises in good, tenable condition, similar to its original condition (except normal wear and tear). The Lessee shall not transfer the Demised Premises in any form without the prior written consent of the Lessor. Page 3 of 7 6. 8. (r
lV. The Lessor hereby covenants with the Lessee as follows:- 1. The Lessor shall adequately insure the Demised Premises. 2. The Lessor shall pay, from the date of this lndenture, maintenance charges, in whatever name, lvlunicipal Corporation Tax and other rates, taxes, cess and/or outgoing and impositions including any increase therein, as may be applicable, in respect of the demised premise and liability towards GST (Goods and Service Tax), if any, on the lease rentals shall also be borne by the lessor. 3. That the cost of preparing this lndenture of Lease, expenses of stamp duty, registration charges and all other incidental charges thereof shall be borne exclusively by the Lessor. 4. The Lessor shall always allow, upon payment of the rent in the manner reserved herein and observation of terms and conditions and agreements on its part, the Lessee to enjoy and hold quiet and peaceful possession of the Demised Premises throughout the term hereby agreed without any interruption by the Lessor or any person or persons laMully claiming through or under or in trust for the Lessor. 5. That the Lessor shall acknowledge and tender valid stamped receipt for each and every payment of monthly rent paid by the Lessee and such receipt shall be conclusive proof of the payment so made. 6. That the Lessorshall pay its Advocate's fees, if any. 7. That the Lessor shall provide basic required infrastructure facilities such as chairs, window curtains, air-conditioners, electrical fittings and washroom in proper working condition till contract period. B The Lessor shall provide 2 air-conditioners in working condition. During the tenure of this lease, normal service and maintenance of these air-conditioners are to be borne by the Lessee. However, if the said air-conditioners are not in working condition then Lessor shall replace them with new air-conditioners Page 4 of7
V. lt ls Hereby Mutually Agreed By And Between The parties Hereto: 1. That the period of thi6 lndenture of Lease shall beof 3 years, commencing from Olsrday of July,2021 ending on 3orh day of June,2024 further the agreement may be extended for further 3 years cycle thereafter. 2. That the rent shall be increased at the rate of 15% of precedang month rent for further period of three years after 30th June, 2024. 3. That no security deposjt shall be payable in respect of this lndenture of Lease. 4. That the Lessee shall be entitled to terminate the lease and vacate and handover to the Lessor quite and peaceful possession of the Demised premises before the expiration of the terms of the lease, only after issuing to the Lessor 3 (Three) months' advance notice and only after full and final payment of arrears of rent and any other dues in terms of this deed, if any. 5. That the Lessee shall be entitled to puV install any sign Board, Neon Sign, name plates etc. on the front oi the Demised premises. However, the Lessee shall follow the rules & regulations of the society or association of the said building. However, any charge, levy taxes or cess etc. for such installations from any Government or local bodies or association etc. shall be borne only by the LESSEE and LESSEE alone will be responsible for maintenance of such installation. 6. The routine repair and maintenance expense such as plumbing, furniture repairs, air-conditioner repaars, electrical fittings, etc., if any, shall be borne by the LESSEE. 7. That in event of Demised Premises or any part being acquired or requisitioned by the Government or any other local authorities or private or public body under any Act for the time being in force then the compensation or other money allowed on such acquisition, as case may be, shall be payable to the LESSOR ONLY. Page 5 of 1
8. lf by reason of fire, tempest, earthquake, flood, violence or any army or mob or other involuntary act, the whole or any part of the Demised Premises is wholly destroyed or rendered substantially and permanently unfit for the purpose for which they are let, then this lease shall, at the option of the LESSEE' be terminated. but in the event of the LESSEE desiring to continue the lease and the LESSOR agreeing to repair the damage or injury out of the insurance claim amount receivable against the insurance policy then the LESSEE shall vacate the whole or such part of the Demised Premises as may be required to enable the LESSOR to repair or restore it similar to their former state and condition and in anyofsuch events the whole ora proportionate orpart of the agreed rent, as the case may be, shall abate till the Demised Premises is being restored similar to their former state and conditions and thereafter the LESSEE shall continue to pay the full charges with effect from the date of such restoration or completion of repairing. 9. lf the LESSEE fails to observe and perform any of the covenants and conditions contained herein including payment of monthly rent reserved herein and if such breach so committed is not remedied by the LESSEE within a period of 30 (Thirty) days after LESSOR called upon in writing the LESSEE to remedy such breach, it shall be laMul for the LESSOR to terminate this lease and re-enter upon the demised premises. The LESSOR shall not be entitled to terminate this lease for any other reason. lo.Ail disputes and differences between the parties hereto arising out of these presents or in relation to the interpretation or effect of any of the terms and conditions contained in these presents or in relation to rights and obligations of the parties hereto shall be referred to mutual mediator and the mutual decision shall prevail. 1 1 . The jurisdiction for the purpose of this Lease will be Ahmedabad. 12.The original copy of this indenture will be retained by the LESSOR and executed duplicate copy of the same shall be delivered to the LESSEE Page 6 of7 (+
lN WITNESS WHEREOF, the parties hereto have hereunto and to the duplicate hereof set and subscribed their respective hands and seals the day and year first hereinabove written. SIGNED, SEALED and DELIVERED by the within named LESSOR Pravin Dhandharia H.U.F. Through Mr. Pravin Dhandharia (Karta) SIGNED, SEALED and DELIVERED by the withinnamed LESSEE Shah Dhandharia & co LLP Through its Designated Partner, Mr. Shubham Rohatgi, ) ) ) ) ) (Bharat Solanki) Page 7 of 7 r9.r lrfrtn Diraftlhatia (HUt) Witness t. ah)- - ) )
Rent Agreement with NOC.pdf
Rent Agreement with NOC.pdf
Rent Agreement with NOC.pdf

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Rent Agreement with NOC.pdf

  • 1. Government of Gujarat Certificate of Stamp Duty 152r I 30-Jun-2021 10:52 AM IMPACC (AC)/ 9j13014311/ cULBAI TEKRA,/ GJ-AH suBlN-GJGJ1 301 431 1 7865875551 929'1 T PRAVIN DHANDHARIA HUF Article 30(a) Lease'(lmmovable Property) - Rent 507 ABHIJEET.l NAVRANGPURA AHMEDABAD 0 (Zerc), PBAVIN DHANDHARIA HUF SHAH DHANDHARIA AND CO LLP PRAVIN DHANDHARIA HUF 300 (Three Hundred only) 0006920404 *@ g-{ra ;na Certificate No. Certiiicate lssued Date Accounl Belerence Unique Doc. Beference Purchased by Oescription of Document Property Description Consideration Price (Bs.) First Pa(y Second Party Stamp Duty Paid By Stamp Duly Amount(Rs.)
  • 2. INDENTURE OF LEASE THIS INDENTURE OF LEASE made at Ahmedabad on this 3orh day of June,2021 between 1. Mrs. Pravin Dhandharia H.U.F., having PAN AAlHP9018B; Through Karta: Pravin Dhandharia aged 45 years and having PAN AAOPD1690D residing at A- 202, lscon Riverside, Near Shilalekh Flat, Shahibaug, Ahmedabad - 380004 being the owners of the commercial premises located in the scheme known as "Abhijeet" hereinafter called the "the Lessoy'' (which expression shall unless the same be repugnant to the context or meaning thereof be deemed to mean and include his successors in title and assigns) of the ONE PART. AND 2. Shah Dhandharia & Co LLP, having PAN AAGFM7049H, having its present registered office at 807, AbhUeet 1, N4ithakhali Six Roads, Navrangpura, Ahmedabad - 380009, Gujarat, through its Designated Partner, Mr. Shubham Rohatgi, hereinafter called "the Lessee" (which expression shall unless the same be repugnant to the context or meaning thereof be deemed to mean and include its successon; in title and assigns) of the OTHER PART.
  • 3. WHEREAS: l. The Lessor is seized and possessed of or otherwise well and sufficiently entitled to the property (office premises) located at 507, AbhUeet-1, Near Mithakhali Cross Roads, Navrangpura, Ahmedabad - 380009, Gujarat. ll. The Lessee has requested the Lessor and demise UNTO lessee by way conditions mentioned herein below, and the Lessor has agreed to grant, convey of lease the said premises under terms and NOW THIS INDENTURE OF LEASE wlTNESSETH THAT: L ln consideration of the rent herein reserved and all the covenants, conditions and agreements hereinafter contained and on the partofthe Lessee to be paid, observed and performed, the Lessor hereby demise all that property being 507, Abhijeet-1, Near Mithakhali Cross Roads, Navrangpura, Ahmedabad - 380009, Gujarat, (hereinafter referred to as the "Demised Premises") TOGETHER WITH all rights, privileges, assessments, appendages, advantages and appurtenance of whatsoever nature relating to the demised premises or usually enjoyed in connection lherewith, together with the right in common with Lessor and all the occupants of the said building to use the entrance, passages, stair cases, lobbies and the easements belonging to or pertaining to the said building unto the Lessee for a period of 3 years commencing from 0'l"t July,2021 ending on 30th June, 2024 as pet the mutual understanding of both the parties and upon the conditions and covenants contained herein. ll. Although this indenture of this lease is made on 30rh day of June, 2021, it will be effective from O1"t day of July, 2021. lll.The Lessee hereby covenants with the Lessor as follows: 1. That the Lessee shall pay a monthly rent of 32,000/- (Rupees Thirty Two Thousand Only) to the Lessor through Account Payee cheque or digital mode at the end of the month. Page 2 of 7
  • 4. 3. 2. 4. 7. That the Lessee shall pay from the date of this lndenture all the charges for consumption of electricity and other utility bills in respect of Demised Premises directly to the concerned authority and shall furnish the Lessor a copy of the receipt of such payment as a proof thereof. That the Lessee shall not use the Demised Premises or permit its use by any one else for purpose of any offensive, illegal or any unlaMul trade or business, but shall use the same only for purpose of its business for the time being and from time to time carried out by the Lessee. That the Lessee shall keep the exterior and the interior of the demised premises in good, tenable conditions at all the time during the term of Lease, reasonable wear and tear and damage or destruction of the Demised Premises or part thereof by involuntary fire, explosion tempest, earthquake storm, floods, lightning, riot, civil commotion or any other inevitable act or accident always excepted. To permit the Lessor or its agents, servants, etc. to enter upon the Demised Premises at all reasonable time in the day hours to view conditions thereof with lhe prior notice of two working days. That the Lessee shall not make any structural change within the Demised Premises nor it shall erect upon or into the Demised Premises any struclure of permanent nature. However the Lessee may make temporary partition within the Demised Premises. The Lessee shall not carry out any work of alternating and/or removing any fixtures, walls, doors, windows etc., without prior written consent of the Lessor after the date of this agreement. The Lessee shall upon expiration or sooner determination of the Lease deliver UNTO the Lessor vacant and peaceful possession of the Demised Premises in good, tenable condition, similar to its original condition (except normal wear and tear). The Lessee shall not transfer the Demised Premises in any form without the prior written consent of the Lessor. Page 3 of 7 6. 8. (r
  • 5. lV. The Lessor hereby covenants with the Lessee as follows:- 1. The Lessor shall adequately insure the Demised Premises. 2. The Lessor shall pay, from the date of this lndenture, maintenance charges, in whatever name, lvlunicipal Corporation Tax and other rates, taxes, cess and/or outgoing and impositions including any increase therein, as may be applicable, in respect of the demised premise and liability towards GST (Goods and Service Tax), if any, on the lease rentals shall also be borne by the lessor. 3. That the cost of preparing this lndenture of Lease, expenses of stamp duty, registration charges and all other incidental charges thereof shall be borne exclusively by the Lessor. 4. The Lessor shall always allow, upon payment of the rent in the manner reserved herein and observation of terms and conditions and agreements on its part, the Lessee to enjoy and hold quiet and peaceful possession of the Demised Premises throughout the term hereby agreed without any interruption by the Lessor or any person or persons laMully claiming through or under or in trust for the Lessor. 5. That the Lessor shall acknowledge and tender valid stamped receipt for each and every payment of monthly rent paid by the Lessee and such receipt shall be conclusive proof of the payment so made. 6. That the Lessorshall pay its Advocate's fees, if any. 7. That the Lessor shall provide basic required infrastructure facilities such as chairs, window curtains, air-conditioners, electrical fittings and washroom in proper working condition till contract period. B The Lessor shall provide 2 air-conditioners in working condition. During the tenure of this lease, normal service and maintenance of these air-conditioners are to be borne by the Lessee. However, if the said air-conditioners are not in working condition then Lessor shall replace them with new air-conditioners Page 4 of7
  • 6. V. lt ls Hereby Mutually Agreed By And Between The parties Hereto: 1. That the period of thi6 lndenture of Lease shall beof 3 years, commencing from Olsrday of July,2021 ending on 3orh day of June,2024 further the agreement may be extended for further 3 years cycle thereafter. 2. That the rent shall be increased at the rate of 15% of precedang month rent for further period of three years after 30th June, 2024. 3. That no security deposjt shall be payable in respect of this lndenture of Lease. 4. That the Lessee shall be entitled to terminate the lease and vacate and handover to the Lessor quite and peaceful possession of the Demised premises before the expiration of the terms of the lease, only after issuing to the Lessor 3 (Three) months' advance notice and only after full and final payment of arrears of rent and any other dues in terms of this deed, if any. 5. That the Lessee shall be entitled to puV install any sign Board, Neon Sign, name plates etc. on the front oi the Demised premises. However, the Lessee shall follow the rules & regulations of the society or association of the said building. However, any charge, levy taxes or cess etc. for such installations from any Government or local bodies or association etc. shall be borne only by the LESSEE and LESSEE alone will be responsible for maintenance of such installation. 6. The routine repair and maintenance expense such as plumbing, furniture repairs, air-conditioner repaars, electrical fittings, etc., if any, shall be borne by the LESSEE. 7. That in event of Demised Premises or any part being acquired or requisitioned by the Government or any other local authorities or private or public body under any Act for the time being in force then the compensation or other money allowed on such acquisition, as case may be, shall be payable to the LESSOR ONLY. Page 5 of 1
  • 7. 8. lf by reason of fire, tempest, earthquake, flood, violence or any army or mob or other involuntary act, the whole or any part of the Demised Premises is wholly destroyed or rendered substantially and permanently unfit for the purpose for which they are let, then this lease shall, at the option of the LESSEE' be terminated. but in the event of the LESSEE desiring to continue the lease and the LESSOR agreeing to repair the damage or injury out of the insurance claim amount receivable against the insurance policy then the LESSEE shall vacate the whole or such part of the Demised Premises as may be required to enable the LESSOR to repair or restore it similar to their former state and condition and in anyofsuch events the whole ora proportionate orpart of the agreed rent, as the case may be, shall abate till the Demised Premises is being restored similar to their former state and conditions and thereafter the LESSEE shall continue to pay the full charges with effect from the date of such restoration or completion of repairing. 9. lf the LESSEE fails to observe and perform any of the covenants and conditions contained herein including payment of monthly rent reserved herein and if such breach so committed is not remedied by the LESSEE within a period of 30 (Thirty) days after LESSOR called upon in writing the LESSEE to remedy such breach, it shall be laMul for the LESSOR to terminate this lease and re-enter upon the demised premises. The LESSOR shall not be entitled to terminate this lease for any other reason. lo.Ail disputes and differences between the parties hereto arising out of these presents or in relation to the interpretation or effect of any of the terms and conditions contained in these presents or in relation to rights and obligations of the parties hereto shall be referred to mutual mediator and the mutual decision shall prevail. 1 1 . The jurisdiction for the purpose of this Lease will be Ahmedabad. 12.The original copy of this indenture will be retained by the LESSOR and executed duplicate copy of the same shall be delivered to the LESSEE Page 6 of7 (+
  • 8. lN WITNESS WHEREOF, the parties hereto have hereunto and to the duplicate hereof set and subscribed their respective hands and seals the day and year first hereinabove written. SIGNED, SEALED and DELIVERED by the within named LESSOR Pravin Dhandharia H.U.F. Through Mr. Pravin Dhandharia (Karta) SIGNED, SEALED and DELIVERED by the withinnamed LESSEE Shah Dhandharia & co LLP Through its Designated Partner, Mr. Shubham Rohatgi, ) ) ) ) ) (Bharat Solanki) Page 7 of 7 r9.r lrfrtn Diraftlhatia (HUt) Witness t. ah)- - ) )