~lm
11~ li>li>lro~8lr
AGREEMENT FOR LEASE OF FLOOR SPACE
This AGREEMENT (the .. Agreement") is prepared and executed in Dhaka, Bangladesh on this
the 8th Day of June of the Two Thousand TwcntyTwo of the Christian Era.
BETWEEN
I) MOHAMMED RUHUL AMIN. S/O LATE- MD. ABDUL KARIM, having national ID No .
4195019775 residing at House No. 12/KA , Road No . IO, Baridhara Model Town,
P.O- Gulshan. P.S- Gulshan, Dhaka. 2)MOHAMMED UL MOHASEW S/0 MOHAMMED
RUHUL AMIN having national ID No. 3276276999 residing at House No . 12/KA,
Road No . IO, Baridhara Model Town, P.O- Gulshan, P.S- Gulshan, Dhaka and
3)LUTFUNNESSA SHELLY D/O LATE AFAZ UDDIN AHM ED having national JD No.
28435 19766 residing at House No. 12/KA , Road No. 10. Baridhara Model Town, P.0- Gulshan,
P.S- Gulshan. Dhaka are legally owner (Landlord) of the building holding No. 133 , Road No . 12,
Block-E, Banani. Dhaka-I 213 , hereinafter referred as the FIRST PARTY.
AND
TAISEI CORPORATIONBANGLADESH OFFICE, represented by its General Manager.
Mr. Hiroki Horikawa having address: House No. 22, Apartment B7, Road No . IO/A, Block-H,
Banani, Dhaka-1213 .Passpon No . MZ I240595, Nationality: Japanese, phone:
+880172620 i 717, e-mail address: horikawa@ce.taisei.co.jp hereinafter referred to as the
SECOND PARTY.
WHEREAS the FIRST PARTY is th e abso lute owner of the Scheduled property by way of
Deed of Exchangeand upon getting the perm iss ion and approval of the layout plan for
construction of I 2 sto ried buikling rrom the concerned authority. the FIRST PARTY constructed
the building over the Scheduled property .
AND WHEREAS the FJRST !'ARTY expresses its desire for givi ng rent of all that space of
noor measuring more or less 3100sft. (Three thousandOne Hundred) on the 10th 1-'loor of the 12
(Twe lve) storied building (subject to actual noor measurement) including other/common and
open spaces with easement facilitie s of the DEMISED PREMISES and the SECOND PARTY
has agreed to take lease of the same for openi ng its corporate officebusiness purpose.
Page I of 8
NOW. THEREFORE, IN CONSIDERATION OF THE PREMISES MUTUAL
COVENANTS DEPICTED HEREIN, THE PARTIES HERETO HAVE AGREED AS
FOLLOWS:
1. DEMISED PREMISES
In consideration for the rent hereinafter reserved and subject to the covenants herein contained,
the FIRST PARTY demise unto the SECOND PARTY and the SECORD PARTY accepts of all
that space of floor measuring more or less 3100sft. (Three thousand One Hundred),on the 10th
Floor of the 12 (Twelve) storied non-residence building, situated at Mouza- Lala Shorai, Dag-
706, House No.133, Road No. 12, Block-E, Banani, Dhaka-1213 (the DEMISED PREMISES)
being a monthly lease agreement commencing on and from the date hereinafter specified.
2. TENURE
a) The tenure of the rent is for a period of 5 (Five) years with effect from 01st July, 2022
and continue up to 30th June, 2027. It will come into effect from the date of handing
over of the possession.
b) The tenure of the rent is renewable at the expiry of the said period on such terms and
conditions to be mutually agreed by the both party.The terms and conditions of this
agreement will be continued till further renewal or any other further mutual
consent/agreement of the parties.
3. RENT & SECURITY DEPOSIT
a) The rent for the DEMJSED PREMISES is fixed Tk. 315,000 (Taka Three Hundred
Fifteen Thousand) only which will be effective from 1st July, 2022 and continue up to
30th June, 2027.
bJ The SECOND PARTY shall pay Security Deposit amount ofTk. 1,260,000 (Taka One
Million andTwo HundredSixty Thousand) only equivalent to 04 months' rent.
c) The FIRST PARTY shall refund the Security Deposit only after receiving alloriginal paid
bills (such as electric. water. gas and society bills. service charges etc.). The DEMISED
PREMISES must be clean and no physical/practical damage or major loss or some
otherincidents of the same nature shall be caused by the SECOND PARTY at the time of
peaceful handover of theD EMIS ED PR EMIS ES.
d) Th e SECOND PARTY will pay monthl y rent by the 7' 11 Day of the following month to
which it relates as per the Engli sh Ca lendar ye ar.
Page 2 of 8
e) The SECOND PARTY shall pay common service charges of amount Tk. 47,250/- (Forty
Seven Thousand Two Hundred and Fifty Only) with monthly rent for generator, security
guard. parking, lift, common facility of light and water of the building. AIT and VAT are
not included to monthly common service charges.
f) The SECOND PARTY shall be entitled to two car parking spaces.
g) fhe rent is subject to deduction of the income tax and other taxes at source as per
Government Rules, which will be collected by the SECOND PARTY to pay to the
Government Concerned Authority.
4. COVENANTS OF THE SECOND PARTY
The SECOND PARTY hereby makes the following covenants to the FIRST PARTY:
a) To pay aforesaid rent to the FIRST PARTY at the time and in the aforesaid manner.
b) The SECOND PARTY shall pay regularly all charges/bills for electricity by separate
meter/sub-meters installed by the FIRST PARTY for the SECOND PARTY.
c) To keep the DEMISED PREMISES clean and to carry out all minor repairs and day to
day maintenance of the DEMISED PREMISES at the cost of the SECOND PARTY.
d) To make free from all kind of damages or loss of any goods of fittings and other utilities
such as wooden, electrical and sanitary fittings of the DEMISED PREMISES apart from
reasonable wear and tear from the ordinary course of business of the SECOND PARTY.
e) The SECOND PARTY will be allowed to use the DEMISED PREMISES for the
purposes of business only. The SECOND PARTY shall not deal or run any illegal
businesses in the DEMISED PREMISES and shall not keep or store any explosives or
combustible substances or inflammable goods or any other articles which may cause
damage to the DEMISED PREMISES or may create nuisance or annoyance to the
locality or deteriorable to the eco system whereof.
f) The SECOND PARTY shall not make any permanent structural alterations, additions or
modifications to the DEMIS ED PREMISES without the prior written consent of the
FIRST PARTY except that the SECOND PARTY shall from time to time be entitled to
erect, fix or fit such additional fixtures and fittings and also interior decoration as may be
reasonably required for the renovation and decorati on of the DEMISED PREMISES.
g) The SECOND PARTY shall be liabl e to pay the f'IRST PARTY full compensation for
any damage done to any of the structures of the building and its fi xture during the
continuation of this Agreement except for damages occurring due to reasonable wear and
tea~[~~~ d~n ~ ·~ co-;~f~bufti~ s of th 0
~ ONO P~~l~aWt a~c~iarnities and
' Page 3 of8
war sha ll not be li ab le for remo val or the partition wa ll which are not part of foundation
structure o f the building.
h) T he SECOND PARTY shall be at liberty to construct, fi x. erect in or upon or fasten to
the DEMISED PREMIS ES at its own cost and removab le of fixtures and fittin gs, such as,
ce iling, decoration material s, screens. partitions, shelves, vault, cash counter, sunbiind,
storerooms, lockers and electrical fittings, fans, air-conditioning apparatus, any other
fittin gs etc . All such fit1ings herein before mentioned shall always be and remain under
abso lute ownership of the SECON D PARTY and the SECOND PARTY shall be entitled
to remove them at its own expense and take away the same or any part thereof at the
expiration of the lease period.
i) The SECOND PARTY shall not store, bring onto, use or release any hazardous materials
or manufacturer, produce or carry on any activity which creates to the creation of any
hazardous materi als or do anything which may endanger the safety or be a nuisance to the
other Lessees and/or users.
j) The SECOND PARTY shall allow any person duly authorized by the FIRST PARTY to
enter and inspect the DEMISED PREMIS ES at reasonable time .
k) The SECOND PARTY shall not co nduct any political activity or any illegal business of
any kind and in any form or shape to take place in the DEMISED PREMlSES under any
circum stance.
I) The SECOND PARTY shall hand over vacant and peaceful clean possession of the
DEMISED PREMISES to the FIRST PARTY upon expiry of this Agreement.
m) Any type of public gathering / conference with outsider conducted by the SECOND
PARTY which goes beyond the premises may interrupt other tenant or any justified
complain raise from any government authority , the SECOND PARTY is agreed to vacate
the DEMISED PREMISES.
n) This te nancy agreement is applicable for commercial purpose only under the guidelines
of Bangladesh Goverrunent.
o) The SECOND PARTY must comply with all government rules, regulation and laws
applicable including relevant licenses to run hi s day-to-day business. The SECOND
PARTY shall remain fully responsible for any wrong doing in his business.
p) That the SECOND PARTY shall not assign, transfer or sublet or part with the possession
of whole or any portion of the DEMISED PREMISES without the written permission of
the FIRST PARTY.
q) The SECOND PARTY shall be entitled to enjoy all rights, interest belongs to a lessee as
described in The Transfer of Property Act, I 882 and all other laws relevant thereof. In
that case FIRST PARTY will have no objection.
5. COVENANTS OF THE FIRST PARTY
The FIRST PARTY hereby makes the following covenants to the SECOND PARTY:
a) To provide water a nd electricity suppl y connection to the DEM IS ED PREMISES as per
necessity.
b) To pay gro und rent/Local Govemment/City Corporation/U nion Council Tax and any
other taxes and/or any other taxes relating to the said DEMISED PREMISES, as may be
levied, from time to time, by the Concerned Government Authorities.
c) To indemnify the SECOND PARTY with compensation in case of any loss or damage
which may ari se due to noncompliance of laws. government rules, regul ation, permission
from competent authority or arises a ny defectives regarding ownership of the property, in
that case, the FIRST PARTY shall be bound to pay the remaining Security Deposit to the
Page 4 of8
I
l J
SECOND PA RTY within 15 ( fift ee n) days and SECOND PARTY will vacant within
same time.
d) To allow the SECOND PARTY to hold and enjoy the DEMISED PREMISES peaceably
during the tem1sof this agreement upon pay ment of rent and upon performance of the
covenants herein contained without any interruption or eviction by the FIRST PARTY or
any person rightfully claiming under or in trust for him or any other person whomsoever.
e) To allow the SECOND PARTY to renovate the DEMISED PREMISES as per their
requirement includingwash room , outside brick wall. plaster, tiles works, outside stair,
aluminum works, water. AC's outdoor set up space and sewerage connection will be
pro vided by the FIRST PARTY.
f) The FIRST PARTY shall comply with all rules and regulations issued from time to time
by the Government , Local Government/City Corporation or any other authority in
connection with leasing of the DEMISED PREMISES.
g) The FIRST PARTY covenants that they have not agreed to part with possession or
alienate. mortgage except for raising bank loan, exchange, or create any charge or
encumbrance nor has the FIRST PARTY created any adverse right, title, interest or lien
in or upon the DEMISED PREMISES (If subsequently decided that the DEMISED
PREMIS ES has been encumbered reversing covenants, the SECOND PARTY shall have
the right to rescind thi s Agreement fo1thwith without any notice and can claim
compensation for such undue encumbrance).
h) The FIRST PARTY further cove nants that no proceedings before any Court, Tribunal
and/or Authority has or have been initiated which may directly or indirectl y affect the
rights of the SECOND PARTY herein.
i) The signboard of the SECOND PARTY shall be allowed to display inside the DEMISED
PREMISES and on the roadside of the building subject to approval by the FIRST
PARTY.
j) The FIRST PARTY hereby affirms that they are the absolute owner of the DEMISED
PREMISES and has the right to lease out and nobody else other than the SECOND
PARTY has the same right.
k) The FIRST PARTY confirm that 02 (two) wash rooms, glass works, stair tiles & railing
works will be complete within time in the DEMISED PREMISES.
6.JOINT COVENANTS
Upon expiry of the tem1 of this Agreement, unless the Agreement is rene wed, the SECOND
PARTY will hand over the vacant possession of DEMISED PREMISES to the FIRST PARTY.
The SECOND PARTY shall handover the DEM IS ED PREMISES to the FIRST PARTY in
clean condition.
7. TERMINATION
a) The FIRST PARTY shall have the right to terminate the Agreement during the Tenancy
Period if the SECOND PARTY fails to pay Rent for 02 (Two) consecutive months.
b) Both the Parties shall have the right to terminate the Agreement by giving 03 (Three)
months prior written notice to the other party.
c) That in the event of termination of the lease by either party in the manner stated above
the FIRST PARTY shall forthwith refund to the SECOND PARTY the unadjusted
amount of money paid by the SECOND PARTY to the FIRST PARTY as Security
Deposit.
Page 5 of8
/ 8. RENOVATION & REPAIR OFT HE DEMISED PREMISES
a.) The FIRST PARTY sha ll make maj or re pairs in the DEM ISE D PREM ISES resulting fl from ordinary wear and tea r. cyclone. storm, earthquake. expl os ion . fire. fl ood or any ·
other simil ar ca uses. whi ch can be repaired. The repairs as aforesaid shall be completed 1 by the Fl RST PA RTY within I st fift een days of rece ipt of notice from the SECOND
PARTY with req uest fo rthe same.
b) If the FIRST PARTY fa il s to do and/or perfo rm any repairing work of the DEMISED
PREM ISES as mentioned above within the stipulated peri od the SEC OND PARTY shall j
have the n ght to complete such repairing work and deduct the cost thereof from the 0
monthl y rentwhich is payable to the FI RST PA RTY .
9. FORCE MAJEURE
a) In the event of the DEMI SE D PREMI SES or any part thereof being who lly or partially
destroyed by earthquake, tempest, fl ood, enemies of the State or other irresistible fo rce
beyond human control as lo render the same or any part thereof substantially unfit for the
purpose for whi ch it is let then in any such case the SECOND PARTY will have the
opti on to tenninate the lease either immediately or upon giving 01 (one)months' notice in
writing to the FIRST PARTY. In such case , The FIRST PARTY shall forth with refund
the unadjusted amount of money paid by the SECON D PARTY as Security Deposit, if
any. under the tem1s of thi s Agreement. In thi s case. the SECON D PART Y has the sole
ri ght to continue or tenninate the Agreement.
b) That in the eve nt of the DEM ISE D PREM ISES or any part thereof being requisitioned or
appropriated by the Government under any law, thi s Agreement shall forthwith be
terminated. the unadjusted amount shall forthwith be refunded to the SECOND PARTY
and if any compensation is realizedthe SECOND PARTY shall be entitled to have the
same as per its portion.
10. NOTICE
a) Any notice, req uest or other communication required or permitted to be gi ven or made
under this Agreement to the FIRST PARTY or to the SECOND PARTY shall be in
writing. Such notice, request or other communications shall be deemed to have been duly
given or made where it shall be deli ve red by hand , airmail , cable or telex to the party to
which it is required or permitted to be given or made at the address as mentioned in thi s
Agreement before.
b) Notice given by registered mail or fax shall be deemed to have been deli vered in the
usual course of post or transit and in providing service thereof, it shall be sufficient to
show that the registered letter or fax containing such notice was properly addressed and
di spatched and received by the parti es.
11. AMENDMENT
Thi s Agreement may at any time be amended by mutual agreement in writing between the
parti es hereto , or under law, fo r the time being so requires.
12.RESOLUTION OF DI SPUTES
That in the eve nt of any di spute or difference ari sing between the Parti es hereto attempt will be
made to reso lve the same by way of ami cable settl ement mutually between the Parties, failing
whi ch the same shall be re ferred 10 arbitrators to be appointed in terms of the rules and meaning
of Arbitrati on Act 200 I (Act X of 200 I).
13. INDEM NITY
The FIR ST PARTYaccept s full and so le responsibility fo r the payment of all fees, taxes and
other charges of a publi c nature, whi ch arc or may be assessed aga inst the DEMIS ED
Page 6 of8
/ PREMIS ES. from time to time. and agree to indemnify the SECOND PARTY if any such claim
is made aga inst or imposed on the SECOND PARTY.
14. SUCCESSORS BOUND
This Agreement shall be binding upon the heirs, legal representatives, administrators, successors-
in-title and assigns of the parties hereto.
15. COUNTERPART
This Agreement is made in 02 (Two) sets in original. Each of the parties shall get a set of
original of the Agreement.
16. SPECIAL COVENANTS OF THE FIRST PARTY
a) ln the event of conflict between the original agreement and any subsequent renewal
agreement. the term s and conditions of the renewal agreement shall prevail.
b) Each party undertakes and covenants with the other to comply with the terms and conditions
of thi s Agreement and shall pursue and/or perfom1 their respective obligations stipulated
hereunder.
SCHEDULE 01<' THE DEMISED PREMISES
All that space of one floor measuring 3100sft. (Three thousand One Hundred) on the 10th Floor
of the 12storied building, situated within Mouza- Lala Shorai, Dag- 706, House No. 133,
Road No. 12, Block-E, Banani, Dhaka-1213 (the DEMISED PREMISES) of which is leased
herewith by this Agreement.
IN WITNESS WHEREOF, BOTH THE PARTI ES HERETO PUT THEIR HANDS ON THE
DAY, MONTH AND YEAR MENTIONED ABOVE.
SIGNATURE OF FIRST PARTY
MOHAMMED RUHUL AMIN
LUTFUNNESSA SHELLY
./, SIGNATURE OF SECOND PARTY
General Manager
Nationality: Japanese
Cell: +8801726201717
Email: horikawa@ce. tai sei.co.jp
For & on behalf of
TAISEI CORPORATIONBANGLADESH OFFICE
MOHAMMED UL MOHASEW
Page 7 of8