RENTAL AGREEMENT

This Agreement of Sale is made and executed at Bangalore on

this the day the 20th of December 2018, ( 20/12/2018).

BETWEEN

Mr.Manjunath,
S/o.Sri.Venkatahanumaiah,
Aged about 47 Year,
Residing at House No.167,
Srinivasanagar,
Muddaiahnapalya Dhakale,
Vishwanidum Post,
Yeshwanthapura Hobli,
Bengaluru North Taluk
(PAN.AHJPVO985F)

(hereinafter referred to as the ‘LESSOR’ which expression shall

wherever the context would arise be deemed to mean and include
her Legal Heirs, Legal Representatives, Administrators,
Successors-in-Interest, Nominees, Assignees etc of the FIRST
PART. )

AND

Ms. Mude Ramanamma,

D/o of Mude Uthanna,
NAIK,12-114,
UPPULURIVARIPALLI,
Gopidinne,Chittor,
Andra Pradesh-517418
(hereinafter referred to as the ‘LEASEE’which expression shall
wherever the context would arise be deemed to mean and include
his Legal Heirs, Legal Representatives, Successors-in-Interest,
Nominees, Assignees etc of the OTHER PART ).

WITNESSETH:-

WHEREAS the Lessor is the absolute owner in peaceful

possession and enjoyment of all that piece and parcel of
immovable property dry land bearing Survey No.46/4 measuring
0-14 (fourteen) guntas demarcated as per the sketch prepared by
the land surveyor out of the said survey No.46/4 measuring 1 Acre
10 guntas of land, schedule land is marked as Block No.IV, said
sketch is enclosed herewith., situated at Ullala Village,
Yeshwanthpura Hobli, Bangalore North Taluk, Bangalore District.,
which is more fully described in the schedule hereunder and
hereinafter referred to as the Schedule Property.

WHEREAS, the Schedule Property is acquired by the Lessor

through the Gift Deed dated 20/05/2006 executed by
Smt.Ramakka W/o.Sri.Venkatahanumaiah, registered as
Document No. BLN-1-10858/ 2006-07, Book-I, Stored in CD
No.BLND270 in the office of the Sub-Registrar, Bangalore North
Taluk, District, Bangalore in respect of the Scheduled Property.

AND WHEREAS the LESSOR has offered to let out a part of the
Schedule Property on Rent/Lease, more fully described at the
end of this deed as Schedule Property.

AND WHERE AS the LESSEE is desirous and agreed to take on

rental the Schedule Property to set up petrol bunk only.
 THE LESSOR agrees to permit the LESSEE and its
representatives and contractors to enter the premises and
carry out such works immediately upon signing of this
agreement.

 THIS AGREEMENT will come into force with effect from

20/12/2018.

 LEASE TERM: The Lease period shall be initially for a period

 of 252 Months i.e., for period of 21 Years and there not shall
commence from --------- after the expiry of the rental period,
the rental may be extended for such further period as may
be agreed upon between the LESSOR and the LESSEE.

 TERMINATION OF LEASE: Either parties may terminate

this lease agreement by giving three months prior written
notice.

 LOCK-IN-PERIOD: 6 Months.

 RENT: During the subsistence of this agreement, the

LESSEE shall pay the LESSOR initially , a monthly rent of
Rs.10,000/-(Rupees Ten Thousand only)+Service Tax as
applicable for the first 6 months and from the 7th month the
Rent for the said Schedule Property shall be Rs.2,00,000/-
(Rupees Two Lakh only).

 ENHANCEMENT: The rent payable to the lessor shall be

enhanced by 10% annually.

 SUB-LEASE: The Lessee shall not be entitled or

permitted to assign, underlet or sublet the schedule
premises or any part thereof or part with possession
of the demised property or any part thereof to
anybody whatsoever other than for the purpose of
running a Petrol Pump.

 The Monthly rent will be paid subject to deduction

of tax at source as contemplated under the
provisions of the Income Tax Act, 1961 and the
Rules made there under, if applicable.

 In case if the lessee does not pay the rent

continuously for two months, the lessor shall have
right to evict the lessee without any notice.

 The Monthly Rent shall be paid on or before 10th of

every English calendar Month.

 In Consideration of the LESSOR granting to the

LESSEE, on rental the schedule property, the
LESSEE shall pay the LESSOR interest free
 refundable security deposit being an amount of
Rs.25,00,000/- (Rupees Twenty Five lakh Only) by
way of Cheque bearing No. , dated: , drawn
on Bank , with receipt LESSOR shall
acknowledge.

 The Security Deposit will be retained by the LESSOR

until the expiry of the Rental Period. This amount
shall be returned to the LESSEE without any interest
whatsoever at the time of expiry of Rental and
handing over of the Schedule Premises deducting any
arrears of Rent, due or damages, to all fittings etc.

 The LESSEE shall pay directly and in time to the

concerned authorities regularly, all charges for
electricity and water bills of the Schedule premises
during the period of this Rental.

 The LESSEE shall not carry out any offensive or

prohibited trade or business, and the LESSEE shall
use the same for Petrol Pump Purpose only and not
for storage of any material whatsoever.

 The LESSEE shall permit the LESSOR, or his duly

authorized agents with or without the Workman with
prior notice to enter upon the scheduled premises
for inspection and/or undertaking, of any structural
or other repairs at the mutually agreed time.

 The LESSEE shall get all minor repairs and

replacements of any nature done at its own cost
but major structural repairs to the schedule
premises such as leakage of roof or of electricity or
replacement of electrical wiring or using according
of water pipes or defective sewerage system and
such other major defects shall be carried out by the
LESSOR as and when required.

 The LESSOR shall hand over the entire scheduled

premises with amenities like electrical installations
furniture's (as per the list enclosed) sanitary and
 sewage line and water connection in good condition
to the LESSEE. And the LESSEE agrees to
maintain the same in good condition from this date
and it will be the duty of the LESSEE to check,
repair and to set right any minor or major defect in
any of the installation.

 The LESSEE shall handover the possession of the

scheduled premises to the LESSOR on the expiry of
this Rental or in the event of earlier determination of
this Rental Period only after all accounts have been
settled between the LESSOR and the LESSEE.

 The LESSOR covenants with the LESSEE that the

LESSEE paying the rent herein reserved and
observing and performing the terms and conditions
on LESSEEYS part herein contained, shall be entitled
to peaceful and quite usage and enjoy the said
schedule premises during the period of the Rental,
free of any interference, or objection from the
LESSOR.

 Whereas the LESSEE agrees not to keep /

store any articles whatsoever in any manner in
the common passage so as to cause inconvenience
to the other LESSEE/Co-Occupants etc.

 The LESSEE shall maintain the schedule premises

in good condition. The LESSEE shall not cause
damages to the Schedule premises or do any acts
of waste or damage that may result in deterioration
of the value of the schedule premises.

 The LESSEE shall on the expiry of the Rental

Period handover the schedule premises to the
LESSOR in good condition subject to normal wear
and tear arising from day to day use or from such
causes as are beyond the control of the LESSEE
viz, earthquakes, floods etc,.

 The LESSOR shall pay the municipal taxes, and

 any other outgoing, charges, cesses dues or
impositions that may be levied in respect of
the Schedule property by the Bangalore
Mahanagara Palike, the Government of Karnataka
or the Central Government or any other Public
Body or Authority. Any increase in the rate of
property tax during the period of rental shall be
borne by the LESSOR

 The LESSEE has to pay service tax in addition to

rent as per the norms fixed by the Government.

 The Agreement shall be executed in two

counterparts, one of which shall be kept by the
Lessor and the other by the Lessee. Each copy of
the agreement shall be an original and shall
constitute but one and the same agreement

SCHEDULE PROPERTY

All that piece and parcel of immovable property dry land bearing
Survey No.46/4 , situated at Ullala Village, Yeshwanthpura Hobli,
Bangalore North Taluk, Bangalore District, measuring 0-14
(fourteen) guntas demarcated as per the sketch prepared by the
land surveyor out of the said survey No.46/4 measuring 1 Acre 10
guntas of land, schedule land is marked as Block No.IV out of
which the 6206 sq feet of land from…… side has already put in
use. Out of the remaining land of 9040sq feet , 8000sq feet of land
is let out, measuring East to West 100 feet and North to South 80
feet and bounded on:

East by : Private Property

West by : 100 feet Road

North by : Leasee property admeasuring 1040 Sq feet

South by : Private property

 IN WITNESS WHEREOF, the parties have signed and affixed
their respective signatures to this Agreement of Sale on the day,
month and Year stated above.

WITNESSES :

1)

(VENDOR)

2)

(PURCHASERS)