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    Gobi Lease Agree.

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    Cooptex D&P

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    © All Rights Reserved
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    Gobi Lease Agree.

    Uploaded by

    Cooptex D&P
    13 views4 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    13 views4 pages

    Gobi Lease Agree.

    Uploaded by

    Cooptex D&P

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    AGREEMENT DEED

    This agreement of lease made on this 26th day of March 2024 between
    the Chairman, Board of Trustee, Sri Vasavi Kannigaparameswari Amman
    Devasthanam residing at No.3, Kadaveethi, Gobichettipalayam 638 452
    (Here in after called the Lessors, which expression shall mean and include
    their his heirs, executors, administrators, legal representatives or
    assignors) or ONE PART.

    AND

    THE TAMIL NADU HANDLOOM WEAVERS’ CO-OPERATIVE SOCIETY


    LIMITED, having its registered office at 350, Pantheon Road, Egmore,
    Chennai-600 008 represented by Regional Manager The TAMILNADU
    HANDLOOM WEAVERS’ CO-OPERATIVE SOCIETY LTD., REGIONAL
    OFFICE, COIMBATORE ( Here in after called Lessee, which expression shall
    mean and include their successors in interest ) of the OTHER PART.

    LESSOR LESSEE

    2016/a/lease agreement/gobi lease agree


    -2-

    WHEREAS THE LESSOR has agreed to let out and the LESSEE have agreed
    to take on lease the premises of the total area 1201 sq.ft. bearing Door No-46,
    Car Street, Gobi 638 452 more particularly described in the schedule herein
    on the terms and conditions set out herein below:

    1. The possession of the building has already been delivered to the lessee
    with effect from 01.11.2023 to 31.10.2028.

    2. The lessee agrees to pay the rent of Rs.12,208/-(Rupees Twelve thousand two
    hundred and eight only) per month payable on or before 5 th of every
    Succeeding month and obtain receipt thereof.

    3. The Lessee has already paid an Advance Amount of Rs.2,700/-


    (Rupees Two thousand seven hundred only ) which is repayable to
    the lessee at the time of vacating the Building. Incase Co-optex decides to

    vacate the premises during the tenancy period by giving 3 months


    notice, the Building Owner agree to refund the permanent Rent Advance
    before vacating the premises.

    4. The lease is for a period of 5 (Five) years commencing from 01.11.2023 to


    31.10.2028 and 25% enhancement paid for every 5 years. The lessee shall
    vacate the building on the expiry of the aforesaid period of 5 (Five) years or at
    an earlier time but always after giving 3 ( three ) months notice subject to the
    option of the lessee for renewal of the lease for further period.

    5. In case Co-optex decides to vacate the premises during the tenancy period
    by giving 3 months advance notice, the Building Owner agrees to refund the
    permanent Rent Advance before vacating the premises. The lessor shall not
    deduct any amount out of PRA on account of any loss incurred by the
    lessor for any reasons.

    6. The lessee shall not sublet assign or deliver possession of the building to
    others.

    7. The lessor shall pay all municipal and other taxes on the premises and
    white wash and paint the premises atleast once in 2 years.

    LESSOR LESSEE

    2016/a/lease agreement/gobi lease agree


    -3-

    8. The lessee shall pay Electricity consumption charges and other Taxes which
    applicable relating to the business.

    9. The lessee under takes to use the premises for the business of the lessee and
    for the purpose of running a Co-optex Sales Unit / Godown.

    10. The lessor will be entitled to have entry into the premises for
    looking into the condition of the leased premises.

    11. The lessor has no objection to modernize the shop by providing wooden
    counters, racks, false ceiling, fixing a marble, tiles in the floor for
    betterment of business without any structural alterations. The lessee
    shall execute the above said modernization as and when necessary and

    the lessor will have no objection to it.

    12. The lessor shall have no objection to sign any proper application forms
    as required by TNEB for obtaining of three phase power connection for fixing of
    A/C etc., in the rented premises.

    13. The lessor shall bear all taxes like Property Tax or any new Tax levied by

    local bodies, State and Central Government during the tenancy period.

    14. The lessee hereby covenants that all the provisions of the transfer of the
    property act Governing the lease shall be deemed to have been incorporated as
    part and parcel of the agreement as for as they are not repugnant to the
    conditions and covenants mentioned above.

    LESSOR LESSEE

    2016/a/lease agreement/gobi lease agree


    -4-

    SCHEDULES

    The Ground Floor portion of the building situated at No.6, Car Street ,
    Gobichettipalayam.

    West Side : V.Pattapi Raman House

    East Side : Srinivasa House

    South Side : Vaikkal Road & Car Street

    North Side : G.Srinivasa House

    In witness whereof the parties have herein to get their hands and seal on
    the day month and year first above written.

    LESSOR LESSEE
    REGIONAL MANAGER.
    COIMBATORE.

    WITNESSES : WITNESSES :

    1. 1.

    2. 2.

    2016/a/lease agreement/gobi lease agree

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