Industrial Gala/Unit for Rent at ground floor – Vasai, Mumbai.
LEAVE AND LICENSE AGREEMENT
This agreement is made and executed on at Vasai
Between,
1) Name: Mr.Shrujal Dilip Shah, Age : About 40 Years, Occupation : Business, PAN: AVDPS9722M, Aadhaar: Residing at: Flat No:F/105, Floor No:first, Building Name:kamla Vihar, Block Sector:Mahavir Nagar, Road:Near Jain Mandir, Kandivali, Mumbai, Maharashtra, 400067
HEREINAFTER called ‘the Licensor (which expression shall mean and include the Licensor above named and also his/her/their respective heirs, successors, assigns, executors and administrators)
AND
1) Name: Mr.Yash pankaj chedda Partner of Bitter route llp, Age : About 30 Years, Occupation : Business, PAN: , Aadhaar: Residing at: Building Name:Milestone Business Point, Block Sector:Kurla West, Road:LBS Road, Kurla , Mumbai, Maharashtra, 400070
HEREINAFTER called ‘the Licensee’ (which expression shall mean and include only Licensee above named).
WHEREAS the Licensor is absolutely seized and possessed of and or otherwise well and sufficiently entitled to all that constructed portion being unit described in Schedule I hereunder written and are hereafter for the sake of brevity called or referred to as Licensed Premises and is/are desirous of giving the said premises on Leave and License basis under Section 24 of the Maharashtra Rent Control Act, 1999.
AND WHEREAS the Licensee herein is in need of temporary premises for his Commercial use has/have approached the Licensor with a request to allow the Licensee herein to use and occupy the said premises on Leave and License basis for a period of 36 Months commencing from 01/01/2024 and ending on 31/12/2026, on terms and subject to conditions hereafter appearing.
AND WHEREAS the Licensor have agreed to allow the Licensee herein to use and occupy the said Licensed premises for his aforesaid Commercial purposes only, on Leave and License basis for above mentioned period, on terms and subject to conditions hereafter appearing;
NOW THEREFORE IT IS HEREBY AGREED TO, DECLARED AND RECORDED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS:-
1) Period: That the Licensor hereby grants to the Licensee herein a revocable leave and license, to occupy the Licensed Premises, described in Schedule I hereunder written without creating any tenancy rights or any other rights, title and interest in favour of the Licensee for a period of 36 Months commencing from 01/01/2024 and ending on 31/12/2026
2) License Fee & Deposit:That the Licensee shall pay to the Licensor the following amount per month towards the compensation for the use of the said Licensed premises.
a) Rs. 26000/-(Twenty-Six Thousand Only) per month for the first 12 months,
b) Rs. 28000/-(Twenty-Eight Thousand Only) per month for the next 12 months,
c) Rs. 30000/-(Thirty Thousand Only) per month for the next 12 months.
The amount of monthly compensation License fee shall be payable within first five days of the concerned month of Leave and License. Licensees shall also pay to the Licensor Rs. 100000 interest free refundable deposit, for the use of the said Licensed premises.
3) Payment of Deposit:1] That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Transaction Reference No. IDBIBH20023113336, dated – 23/01/2020, drawn on the Licensee’s Banking Account with Indian bank Bank, Chembur Branch. Amount Rs.11000/-(Eleven Thousand Only) 2] That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cheque/NEFT/RTGS No. 000002, dated – 29/01/2020 , drawn on the Licensee’s Banking Account with Indian bank Bank, Chembur Branch. Amount Rs.89000/-(Eighty-Nine Thousand Only)
4) Maintenance Charges: That the all outgoings including all rates, taxes, levies, assessment, maintenance charges, non occupancy charges, etc. in respect of the said premises shall be paid by the Licensor.
5) Electricity Charges: The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills are paid.
6) Use: That the Licensed premises shall only be used by the Licensee for Commercial purpose.The Licensee shall maintain the said premises in its existing condition and damage, if any, caused to the said premises, the same shall be repaired by the Licensee at its own cost subject to normal wear and tear. The Licensee shall not do anything in the said premises which is or is likely to cause a nuisance to the other occupants of the said building or to the prejudice in any manner to the rights of Licensor in respect of said premises or shall not do any unlawful activities prohibited by State or Central Government .
7) Alteration: That the Licensee shall not make or permit to do any alteration or addition to the construction or arrangements (internal or external) to the Licensed premises without previous consent in writing from the Licensor.
8) No Tenancy: That the Licensee shall not claim any tenancy right and shall not have any right to transfer, assign, and sublet or grant any license or sub-license in respect of the Licensed Premises or any part thereof and also shall not mortgage or raise any loan against the said premises.
9) Inspection: That, the Licensor shall on reasonable notice given by the Licensor to the Licensee shall have a right of access either by himself / herself / themselves or through authorized representative to enter, view and inspect the Licensed premises at reasonable intervals.
10) Lock in period: Both the parties have agreed to set a lock-in period of 12 months during which neither the Licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the premises on his own during the lock-in period.In spite of this mandatory clause, if the licensee leaves the premises for whatsoever reason, he shall pay to the Licensor license fee for the remaining lock-in period at the rate of agreed upon in the agreement. On the other hand, Licensor shall compensate the Licensee for loss and inconvenience caused to the Licensee if he has been asked to vacate the premises.
11) Cancellation: That, Subject to the condition of lock in period (if any), if the Licensee commits default in regular and punctual payments of monthly compensation as herein before mentioned or commit/s breach of any of the terms, covenants and conditions of this agreement or if any legislation prohibiting the Leave and License is imposed, the Licensor shall be entitled to revoke and / or cancel the License hereby granted, by giving notice in writing of one month and the Licensee too will have the right to vacate the said premises by giving a notice in writing of one month to the Licensor as mentioned earlier.
12) Possession: That the immediately at on the expiration or termination or cancellation of this agreement the Licensee shall vacate the said premises without delay with all his goods and belongings. In the event of the Licensee failing and / or neglecting to remove himself and / or his articles from the said premises on expiry or sooner determination of this Agreement ,the Licensor shall be entitled to recover damages at the rate of double the daily amount of compensation per day and or alternatively the Licensor shall be entitled to remove the Licensee and his belongings from the Licensed premises, without recourse to the Court of Law.
13) Miscellaneous: It is mutually agreed by both parties that, Whatever back side gala covered portion area penalty or fine up to maximum two thousand per month levied by society that charges amount licensee shall alone paid monthly or quarterly basis to the licensor or directly to society
14) Registration: This Agreement is to be registered and the expenditure of Stamp duty and registration fees and incidental charges, if any, shall be borne by the Licensee and Licensor equally .
SCHEDULE I
(Being the correct description of premise Godown which is the subject matter of these presents)
All that constructed portion being Commercial unit bearing Godown No. Gala No. 140, Built-up :486 Square Feet, situated on the First Floor of a Building known as 'Sethia Industrial Complex' standing on the plot of land bearing Survey Number :110, 112 to 117, 12, 121,Road: Vasai Phata, Location: Vasai, of Village:Pelhar,situated within the revenue limits of Tehsil Vasai and Dist Palghar and situated within the limits of Palghar Municipal Corporation.
IN WITNESS WHEREOF the parties hereto have set and subscribed their respective signatures by way of putting thumb impression electronic signature hereto in the presence of witness, who are identifying the executants, on the day, month and year first above written...
Property Type : Industrial
Location : Vasai, Mumbai, Maharashtra City : Mumbai
Area : 3380 Sq.Ft. Rate : INR 29/ Deposit : INR 6 Months Rent
- Lift / Elevator
- Parking
- Security
Vastu Enterprises
Contact Number : +91 9975254894
Email : contact@vastuenterprise.com
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Ours is a professionally managed MahaRERA registered, working basically in Industrial & Commercial spaces in Vasai Virar & Mumbai, Maharashtra. Apart from Rental requirements, we work more in MahaRERA Registered Premium Exclusive Industrial gala pocket sizes from 35 lakhs onwards to entire industrial building around 15 cr. in Posh locations developed by well-known developers.
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