LEASE AGREEMENT
This LEASE AGREEMENT is made and entered into on this [Date] of 2022 of the Christian era.
BETWEEN
JAPAN MARKETING & CONSULTANCY LTD., represented by its Managing Director, Kozue Takeuchi; address: Skylark MAK84 (5th Floor), House No. 84, Road No. 11, Block D, Banani, Dhaka-1213; hereinafter referred to as the “LESSOR” (which expression, where the context so admits, shall mean and include the company’s shareholders, Board of Directors, administrators, executors, authorized representatives and assigns) of the ONE PART.
AND
AI SAMURAI JAPAN LIMITED, represented by its Managing Director, Takuya Nakamura; address: House No. 7, Road No. 2/C, Block-J, Baridhara, Dhaka-1212; hereinafter referred to as the “LESSEE” (which expression, where the context so admits, shall mean and include the company’s shareholders, Board of Directors, administrators, executors, authorized representatives and assigns) of the OTHER PART.
WHEREAS the LESSOR is the tenant of 5th Floor of the schedule premises at Skylark MAK84, House No. 84, Road No. 11, Block D, Banani, Dhaka-1213, (hereinafter referred to as the “Premises”) by a lease agreement with the owner of the premises. The LESSOR has offered to Lessee for usage of address of the said Premises.
AND WHEREAS the LESSEE has agreed to use the address of the Premises for the period of 1 (one) year effective from 1st January, 2022 to 31st December, 2022 and promises to adhere to the terms and conditions of this agreement.
Article 1 (Usage of the Premises)
The LESSEE shall not use the address of the Premises for invalid purposes.
LESSOR shall provide below services to LESSEE:
Mail and package receiving.
Mail Forwarding: LESSOR will receive mails or parcels on behalf of LESSEE and forward to LESSEE. Actual charges will be applicable for such forwarding of mails or parcels.
Article 2 (Rent)
LESSEE shall pay Taka 15,000/- (fifteen thousand) to LESSOR as consideration for the monthly rent during the tenancy period.
Tax and VAT are excluded from the amount of rent and other applicable charges.
Article 3 (Revision of the rent and other fees)
LESSOR has right(s) to revise the rent and other fees due to a fluctuation of the rents of the said building, increment of prices, taxes and public dues, and other expenses, fluctuation of labor costs or other economic conditions. However, revision of the rent is allowed to be made only when this tenancy agreement is upon renewal. No revision shall be made during the contract period.
Article 4 (Renewal of tenancy period)
The rental period will be automatically renewed for further 12 (twelve) months unless terminated earlier by any party.
Article 5 (Definition of use)
The Use in this agreement means nothing but the exclusive use of the agreed space which is operated by LESSOR, thus, not intended to grant any exclusive possession rights to LESSEE. Therefore, LESSEE agrees with LESSOR that whatever the definitions of use are, it does not entitle LESSEE leasehold to the Premises or the said building.
Article 6 (Request of termination)
In the event where either LESSOR or LESSEE wishes to terminate this agreement during the term of the tenancy, either party shall inform the other of the intention in writing 1 (one) month’s prior.
Upon termination of this Agreement, LESSEE shall remove address of Premises from any and all licenses, contracts, policies, etc. within 30 (thirty) days from the day of termination notice. Beginning with the 31st (thirty-first) day, LESSOR may charge to the LESSEE a penalty of TK. 200 (two hundred) per day.
Article 7 (Agreement jurisdiction)
Litigation concerning this Agreement shall be under the exclusive jurisdiction of the relevant Court of Bangladesh as the court of first instance.
Article 8 (Matters outside the agreement)
If there is any doubt regarding the matters not specified in this agreement as well as content of the agreement, both parties shall consult each other and resolve the issue amicably and in good faith.
IN WITNESS WHEREOF, this Agreement has been executed in duplicate, with the parties hereto holding one copy each.
LESSOR
LESSEE
_______________
Kozue Takeuchi
Managing Director
JAPAN MARKETING & CONSULTANCY LTD.
_________________
Takuya Nakamura
Managing Director
AI SAMURAI JAPAN LIMITED