LEAVE AND LICENSE AGREEMENT

1) Rajesh Kumar Sharma, PAN: ABCDE1234F, Age: 52 Years, Gender: Male, Mobile No: 98XXXXXX01, Residing at: Flat B-402, Sunrise Residency, Off LBS Marg, Mulund West, Mumbai, Pin code - 400080

HEREINAFTER called the Licensor (which expression shall mean and include the Licensor above named and also their respective heirs, successors, assigns, executors and administrators)

1) Amit Verma, PAN: ABCDE5678G, Age: 34 Years, Gender: Male, Mobile No. 98XXXXXX02, Residing at: House No. 21, Civil Lines, Nagpur, Maharashtra, Pin code - 440001

2) Priya Verma, PAN: ABCDE9012H, Age: 31 Years, Gender: Female, Mobile No. 98XXXXXX03, Residing at: House No. 21, Civil Lines, Nagpur, Maharashtra, Pin code - 440001

HEREINAFTER called the Licensees (which expression shall mean and include only Licensees 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 Licensees herein are in need of temporary premises for Residential 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 [Start Date] and ending on [End Date], on terms and subject to conditions hereafter appearing.

AND WHEREAS the Licensor have agreed to allow the Licensees herein to use and occupy the said Licensed premises for his aforesaid Residential 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:-

b) ₹26,250/-(Twenty Six Thousands Two Hundred Fifty Only) per month for the next 12 months,

c) ₹27,562/-(Twenty Seven Thousands Five Hundred Sixty Two 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 ₹75,000/-(Seventy Five Thousands Only) interest free refundable deposit, for the use of the said Licensed premises.

3) Payment of Deposit: 1] That the Licensees has paid / shall pay the above mentioned deposit/premium as mentioned above by
1. Internet Banking. Amount ₹75,000/-(Seventy Five Thousands Only), TRN No.: XXXX, Date: [Payment Date], Bank: Other, Branch: NA

4) Maintenance Charges:
That the Licensor/s herein shall bear and pay all the maintenance charges in respect of the said Licenced Premises, and other outgoings including all rates, taxes, levies, assessment, non occupancy charges, etc..

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 Licensees for Residential purpose. The Licensees 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 Licensees at its own cost subject to normal wear and tear. The Licensees 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 Licensees 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 Licensees 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 Licensees shall have a right of access either by himself 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 11 months, during which neither the Licensor shall ask the Licensees to vacate the premises, nor the Licensees shall vacate the premises on his own during the lock-in period. In spite of this mandatory clause, if the Licensees 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 Licensees for loss and inconvenience caused to the Licensees if he has been asked to vacate the premises.

11) Cancellation: That, Subject to the condition of lock in period (if any), if the Licensees commits default in regular and punctual payments of monthly compensation as herein before mentioned or commits 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 Licensees 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 Licensees shall vacate the said premises without delay with all his goods and belongings. In the event of the Licensees failing and / or neglecting to remove themselves 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 Licensees and his belongings from the Licensed premises, without recourse to the Court of Law.

13) Furniture and Appliances : The said premises is having the Furniture and Appliances mentioned in the Schedule II. The Licensees shall maintain the said Furniture and Appliances in the said premises in its existing condition and damage, if any, caused to the said Furniture and Appliances, the same shall be repaired by the Licensees at its own cost subject to normal wear and tear.

14) Miscellaneous: Exit policy Either the licensor or licensee may terminate the agreement after period by one month prior notice if the tenants do not vacate the said flat. Upon such termination the licensor will refund the deposit amount after assessing any damages to the property, furniture, appliances, electrical bills, Painting, Plumbing etc. Licensees shall make good all such damages before refund of deposit otherwise licensor will do the same from deposit amount and balance amount will be refunded to the licensees in their respective bank accounts. Electricity Bill and MGL Gas Pipe Line Bill to be paid by tenant every month as and when it comes from date of possession. After expiry of Agreement period Tenant will return the flat in exact condition as it was at the time of possession newly painted, deep cleaned etc.

15) 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 Paid By Both equally.

All that constructed portion being Residential unit bearing

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.