RENTAL AGREEMENT

This rental agreement is made and executed on this the 2nd day of ,
2010 at Hyderabad A.P. between
aged about years residing at H.No.

Hereinafter called as OWNER which shall mean and include his heirs, legal
representative, administrators, executors and assignees of the one part.

AND

aged years
residing at H.No.
Hyderabad, A.P.
Hereinafter called as TENANT which shall mean and include his heirs, legal
representatives, administrators, executors, and assignees of the OTHER PART.

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Witnesseth:-

WHEREAS the Owner above named confirms and declare that he is the sole and
absolute Owner by title and actual possession and enjoyment of premises bearing
H.No.__________________________________________________.

(Hereinafter referred as “Schedule Of Property”.)

WHEREAS the TENANT above named has approached the OWNER and sought
grant of Rent of the schedule property and the Owners has agreed to the same and
both the parties are hence desirous of reducing into writing the mutually agreed terms
and conditions of this agreement of Rent.

NOW THIS AGREEMENT OF RENT WITNESSETH AS FOLLOWS:-

In consideration of the monthly rent hereby agreed to be paid by the Tenant to the
owner and Tenant agreeing to comply promptly without and default to the terms and
conditions of this agreement, the Owner hereby grants to the Tenant the schedule
property on Rent for running the business of ___________________________ in the
month of ______________. From this month the tenancy of the tenant gets
commenced and will come to an end after (__) months on the following terms and
conditions.

1. Duration:- The Rent Duration of the Schedule property shall be for a period of
(__) months (_____________ Months) commencing from _________ and
expires on _______________

2. Purpose of the agreement:- That the Tenant shall use the shop/office space
only for running the Business _______________________under the name of
______________________________, and expect the said business, the Tenant
shall not do any other business or sub-let any part or whole of the schedule and
construction of the firm without the written consent of the Owner herein.

3. Rent:- The Agreed monthly rent for the premises is Rs. ________
(______________________) and shall be paid in advance without demand by
the Tenant on or before the 10th day of each English calendar month for the
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 succeeding month. If the tenant fails to pay the rent on 10th of each English
calendar month, the tenant agreed to pay an amount of Rs. 100/- per day
towards the penalty for the paying the rents on time. The rent is exclusive of
water, electricity, maintenance charges and municipal taxes etc.

4. Security Deposit: The Tenant has this day paid a sum of Rs. _________
(_________________) by cash / cheque on ______________ as advance,
interest free security Deposit which shall be refunded by the Owner to the
Tenant at the expiry of this rental agreement, simultaneously with the Tenant
giving to the Owner’s vacant position of the schedule property. This amount
shall be refunded to the Tenant after deducting any arrears of cost of damages,
if any, to the schedule property and fixtures and fittings that is determined by
the owner in their sole discretion.

5. Repairs and Maintenance:- The Tenant shall keep the schedule property
premises always in good condition and proper order. Day to day minor repairs
and maintenance should be carried out by the Tenant himself at his own cost,
arising in the course of normal use. Incase of any major repairs of damage to
the schedule property, the same shall be attended to and carried out by the
Owner’s at the Tenant’s Cost.

6. Subletting:- The Tenant shall not sub-let or under-let the whole or any portion
of schedule property to any person whatsoever.

7. Delivery back:- on expiry of the Rent Agreement or on earlier termination, the

Tenant shall duly deliver back the possession of the schedule property to the
Owner, in the Same condition in which it is let out, simultaneously with the
Owner handling over the security Deposit to the Tenant after deduction of any
sum, which might have become due to the Owner on account of breach of any
of the covenants agreed.

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8. Non-Payment of Rent:- That if the said monthly rental charges hereby
reserved or any thereof shall remain unpaid of 1 (one) calendar month after the
days herein appointed for payment, it shall be lawful for the Owner at any time
thereafter to re-enter into and upon the said shop both without prejudice to any
claim which either of the parties hereto may have against the other or others in
respect of any breach, non-performance or non-observance of any of the
covenants and conditions herein contained. Further if the Tenant commits
breach of this agreement the Owner shall be entitled to terminate the lease and
take possession of the said premises forthwith.

9. The Tenant shall not construct any additions or alternations and shall not
change the structure of the let-out portion without the written consent of
Owner.

10. The Tenant shall allow the Owner or his authorized agent to inspect the let-
out portion during all the reasonable hours.

11. The Tenant shall pay regularly all the taxes which are required for the business
of the Tenant. Any contravention by the tenant for provisions of law for the
business, the Tenant alone shall be responsible for the same.

12. The Tenant shall not store any explosive or any such goods which may cause
loss/damage to the let-out portion. In case of any loss/damage caused to the let-
out portion, the owner shall be entitled to claim damages from the Tenant
accordingly.

13. The Tenant shall pay the GHMC property tax, and the water, electricity
charges and maintenance charges properly and produce the relevant receipts
duly paid to the Owner, from time to time.

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14. The Tenant has further agreed that he will not act against the interest of the
owner in respect of the schedule property. Further the Tenant assures the
Owner that he will not dispute his title to the let-out portion.

15. The Tenant will not charge any interest on the security deposit of

Rs. _________ paid to the Owner.

16. In case of any death occurred to the Owner or the Tenant the new agreement
should be made by the concerned legal heirs in both the cases.

17. The Tenant shall not be entitled to create any mortgage, charge, liens in
respect of the schedule property by offering the title/rent rights either as a
security to any financial institutions, banks etc., or otherwise.

18. The Tenant shall not claim, nor will be entitled to any compensation
whatsoever for the fixtures, partitions, extra fittings, if any, that have not been
removed at the time of vacating the premises and giving possessions to the
Owner, taking utmost care without causing any damage to the premises and /
or its original condition.

19. Rent Enhancement:- This rental agreement may be renewed upon the sole
discretion of the owner after the completion of eleven (11) months. There by
the rent amount will be increased by10% over and above the prevailing
monthly rent for every eleven (11) months till the completion of ____________
(__) months.

20. This rental agreement may be terminated any time by either of the parties by
giving a three (3) months notice in writing to this effect and net due advance
will be refunded to tenant on vacating the premises.

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 21. If the tenant wants to vacate the premise immediately without giving a prior
notice of 3 months then he/she should pay a sum amount rent of 3 months to
owner.

SCHEDULE OF PROPERTY

All that the premises bearing H.No.

NORTH : Main Road

SOUTH : Neighbour’s property (H.No. )

EAST : Neighbour’s property (H.No. )

WEST : Neighbour’s property (H.No. )

In WITNESS WHEREOF this Rental Agreement is made and executed on the

day, month and year first above written.

WITNESSES:-

1. OWNER

2. TENANT

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