RENTAL AGREEMENT

This indenture of RENTAL AGREEMENT is made and executed on this

the 6th Day of May 2015 by and between: Sri. Dr. P. SRIRAMULU REDDY, S/o P. GANGI REDDY aged about 66
years, Residing at No. 17/101, Sundaraiah Street, Chittoor 571 001
hereinafter called the OWNER of the property or LESSOR.
AND
Sri MUNIRAJU. V Sons of VENKATAPPA and SUDHA W/o. MUNIRAJU V.
aged about 33 and 32 years, Running the business under the name
and style of
M/s FITNESS 9. residing at No. 12, A K Colony,
Ediyur, K R Road, Bangalore 560070 hereinafter called the
TENANTS of property or LESSEES.
The expression owner and Tenant wherever the context so admits
shall be taken to mean and include their respective heirs, legal
representatives, administrators, executors, and assigns.
Whereas the lessor is the sole and absolute owner of the schedule
premises situated at No. 2336, 2 nd Floor and open terrace of 3 rd
Floor, 20th Cross, K.R. Road, Banashankari 2 nd Stage, Bangalore 560
070 and the Lessees has approached the lessor to let out the said
vacant portion of the property on monthly rental basis and the
lessor has agreed to let out the said vacant portion under the
following terms and conditions:The Lessor shall handed over the said property to the Lessees. The
Lessees alone shall be responsible for the safety of human life. The
Lessee shall take all the necessary steps to provide safety of
inmates. The Lessor is not at all liable for any negligence causing
any damage, injury to human life. It is only Lessees risk and
personal responsibility of the lessee.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS: 1) The tenant shall pay a monthly rent of Rs.36,000/- (Rupees Thirty
Six Thousand only) to the owner on or before 5 th of every month
regularly and promptly and after completion of one year the tenant
has to pay a rent of Rs.40,000/- per month.
2) The tenancy is for a period of 2 years from the date of this
agreement and can be extended for any period or periods by mutual
consent in writing between the parties. For every completion of Two
years the rent shall be increased @ 10% over the existing rent.
3) The tenant has this day paid a refundable advance of Rs. 1,20,000/(Rupees One Lakh twenty Thousand only) to the owner as advance
before the following witnesses which sum the owner has duly
acknowledged. The tenant has to pay an additional advance of
Rs.2,00,000/- (Rupees two Lakhs only) after completion of one year.
This advance shall not carry any interest and shall be refundable to
the tenant at the time of vacating the schedule premises.
4) The tenant shall not sub-let/re-let any part of the schedule premises
without the written permission of the lessor. If the tenant sub-lets/relets done without the knowledge of lessor, this tenancy agreement
shall be treated as cancelled and the tenant shall vacate the
premises immediately.
5) That the lessee shall be responsible for keeping the leased premises
in good shape, subject to reasonable wear and tear.
6) The tenant shall use the schedule premises for Commercial purpose
only.
7) If the tenant commits default in the matter of payment of rents for
any two consequents months, then the tenant is liable to vacate the
premises without any prior notice.
8)

The tenant shall use the schedule premises for Commercial

purposes, and shall keep in good order and tenantable condition. He

shall not make any alteration therein without prior written consent
from the owner. The tenant shall not under any circumstances
sublet, underlet or in anyway part with the possession of the
schedule premises. If any damage is caused to the schedule
premises the tenant shall get it repaired at his own cost and
expenses.

9) This Agreement can be terminated by either party by giving to the

other, three months notice in writing.
10) The Electricity and water charges shall be paid by the tenant to
concerned
authorities without keeping any arrears.
SCHEDULE
All the piece and parcel of the portion Situated at No. 2336, 2nd Floor
and open terrace of 3rd Floor, 20th Cross, K.R. Road, Banashankari 2nd
Stage, Bangalore 560 070.
IN WITNESS WHEREOF BOTH parties thereto have set their hands to
make this agreement on the day, month and year first above written.
WITNESSES: 1.

OWNER.

TENANTS
1.

2.