DEED OF LEASE AGREEMENT
This Deed of Lease Agreement is made at Dhaka on this 1st May of 2016
Between
Rahman Hasan Associates Ltd., represented by Mr. Md. Abdur Rahaman Son of Late Md. Nasir Uddin of Vill: Hazipur, P.S: Charbata, Chamirhat, Thana: Sadar, Dist: Noakhali, Nationality: Bangladeshi hereinafter called the Lessor.
And
SANYO ENGINEERING & CONSTRUCTION INC, BANGLADESH Branch office (Proposed) a Branch office to be registered with BOI represented by Mr. Yuichi AKAGI of 3-30-18-201, Musashidai, Fuchu, Tokyo 183-0042, Nationality: Japan, on the other part, herein after called the Lessee.
PRELUDE:
A. WHEREAS the Lessor of BDBL Bhaban, (4th Floor) 12 Kazi Nazrul Islam Avenue, Kawran Bazar, Dhaka-1215 intends to rent the premises which are fully described in the schedule hereunder written and hereafter referred to as the said property.
B. WHEREAS the Lessee AND the Lessor are willing to enter into a lease agreement for the demised premises approximately 100 sft, in 4th Floor for operating the business of Lessee on 1st May 2016 for a period of Six months which will be expired on 30th October 2016
C. WHEREAS the Lessor and the Lessee wish to be bind by the following terms and condition with an option to renew the lease of the demised premises for a further period of six months unless terminated by the parties and the Lessor agrees to grant the lease therefore on the following terms and condition.
SUBJECT TO THE TERMS AND THE CONDITIONS AND CONVENTS HEREINAFTER CONTAINED NOW THIS AGREEMENT WITNESS AND IT IS AGREED BETWEEN THE PARTIES HERE TO AS FOLLOWS:
AREA: - Area will be 100 sft.
B RENT: - The Lessee shall agree to pay following rent fee to the Lessor within the 7th day of each month.
01 First two months; free
02 After two months; Taka 26,000 (Twenty six thousand) only
C. DURATION OF THE LEASE: - The duration of lease shall be Six Months commencing from 1st May 2016 and it may be renewed for a further period mentioned above by mutual consent of the parties and at the terms and conditions agreed these upon mutually on the expiry of the present lease agreement and at the time of renewal the rent will be fixed at the market rate of the area agreed upon between Lessor and Lessee.
MISCELLANEOUS:
The Lessor shall pay for all telephone, electricity, water and other utility services used in or provided to the demised premises in question.
That aforesaid Lessee shall pay the Municipal Tax, Land Tax, and other local impositions and withholding Tax relating to the premises in question. VAT will paid by Lessee.
That the lease will not be terminated by the Lessor as long as the Lessee continues to pay the rent in time. But the Lessor may ask the Lessee to vacate the house if that is required for the Lessor personal use serving three month's notice and the Lessee shall also be entitled at any time to terminate this Agreement by giving three month's notice or by paying three month's rental in Lieu of such notice.
That the Lessee shall deliver vacant possession to the Lessor at the termination of the term in good condition as delivered at the time of giving possession of the house.
That the Lessee should see that sanitary fittings are kept cleaned and no brokerage is made in any manner that will create inconvenience to the Lessee as well as Lessor.
That on expiry of the term the Lessee can be renewed for a similar further period unless terminated by either party.
In witness where of both the Lessee and Lessor have put their signatures on the day and year mentioned above.
THE SCHEDULE OF THE PROPERTY ABOVE REFERED TO:
BDBL Bhaban, (4th Floor) 12 Kazi Nazrul Islam Avenue, Kawran Bazar, Dhaka-1215
Signatures of witness:
01. ……………………….
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Signature of the Lessor
Md. Abdur Rahaman
02. …………………………
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Signature of the Lessee
Yuichi AKAGI
On behalf of
SANYO ENGINEERING & CONSTRUCTION INC