The Best Sample Of Deed Of Lease Agreement

DEED OF LEASE AGREEMENT

This mutual agreement is signed between the parties on this 1^st day of June 2013 A.D.

BETWEEN

Md. Ameer Hussain, S/O Late Fazlul Karim, Sunderbon Super Market, Gulistan, Dhaka, hereinafter referred to as the shop owner (ON THE FIRST PARTY)

AND

Riaz Hossain, S/O Late Karim Hossain, am the proprietor of Barisal Enterprise, Sunderbon Super Market, Gulistan, Dhaka, hereinafster referred to as the shop tenant (ON THE SECOND PARTY)

WHERE AS:

The shop tenant has proposed to take the shop for Barisal Enterprise as rental basis and shop. Owner has accepted the proposal and has. Been agreed under the following terms & conditions.

TERMS AND CONDITIONS ARE AS FOLLOWS:

01.       The shop tenant will pay Tk. 7,00,000.00 (Seven lac only) as advance to the shop owner and the same will be refunded to shop tenant at the time of vacating the shop after including the cost of damages (if any).

02.       The initial term of this Agreement shall be for a period of 4 (Four) years affecting 1^st Janu 2013 to 31^st  December 2017.

03.       Unless terminated as provided herein, Upon expiration of the “Initial term”, this agreement shall be renewed automatically for successive 1 (One) year terms.

04.       That monthly rent of the shop has been fixed tk. 30,000.00 (Thirty Thousand only).

05.       that the shop tenant will pay the monthly rent to the shop owner within the first week of every month.

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06.       That the shop tenant shall not do anything which may cause any harm of damage to the building or the neighboring premises which may harm the atmosphere of the surrounding area.

07.       That the shop tenant shall the Electricity bill, Water Bill and expenditure in connection with run the shop.

08.       That the shop tenant has no right to change, alter, extent any part of the shop without prior permission of the shop owner.

09.       That the major repair/maintenance will be carried out by the shop owner but minor repair/maintenance will be carried out by the shop tenant.

10.       That after six years rent will be re-fixed by the consent of both parties on the basis of that time market standard rent.

11.       That to break the contract, 6 (six) monthly notice must be issued by either of partied.

First Party: Signature by Name : Md. Ameer Hussain Witness 1 for first party Signature by:

Second Party:             Signature by              Name : Riaz Hossain             Witness 1 for Second party                                     Signature by: