DEED OF LEASE AGREEMENT
This Deed of Lease Agreement is made at Dhaka on this 1st September, of 2018
Between
Tokyo Consulting Firm Limited, represented by Tadaoki Watanabe S/o- Shogo Watanabe, P/S: Garden Lily, Flat# 1/B, House# 42, Road#7/B, Block# H, Banani, Dhaka, and Nationality: Japanese hereinafter called the Lessor.
AND
YURTEC CORPORATION. a private company limited by shares, duly incorporated under the Companies Act of Japan its Bangladesh Branch office represented by its Director of the Company Watanabe Yoichi (Passport # MU6582961) Japanese Nationality of 4-1-1, Tsutsujigaoka, Miyagino-ku, Sendai-shi, Miyagi-ken Japan 983-8622 on the other part, herein after called the Lessee.
PRELUDE:
A. WHEREAS the Lessor of Rupsha Tower, Flat#13/A, House#7, Road#17, Kemal Ataturk Avenue, Banani, Dhaka-1213, 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 300 sft, in 13th floor for operating the business of the Lessee on 1st September, 2018 for a period of six months which will be expired on 28th February, 2019.
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 similar further period 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:
A. AREA: - Area will be 300 sft.
B. RENT FEE: - The Lessee shall agree to pay following rent fee to the Lessor within the 7th day of each month.
01 First one months: Free
02 After one months: Taka 26,000 (Twenty Six Thousand) only [Excluding Tax and VAT]
D. DURATION OF THE LESSEE: - The duration of lease shall be six months commencing from 1st September, 2018 and it may be renewed for 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.
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 Lessor shall pay the Municipal Tax, Land Tax, and other local impositions relating to the premises in question. TAX & 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 months’ notice and the Lessee shall also be entitled at any time to terminate this Agreement by giving one month notice or by paying one month 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 the 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 the Lessor have put their signatures on the day and year mentioned above.
THE SCHEDULE OF THE PROPERTY ABOVE REFERED TO:
Rupsha Tower, Flat#13/A, House#7, Road#17, Kemal Ataturk Avenue, Banani, Dhaka-1213
Signatures of witness:
………………………. Tadaoki Watanabe
Signature of the Lessor Tokyo Consulting Firm Limited
02. ………………………… Watanabe Yoichi
Signature of the Lessee On behalf of
YURTEC CORPORATION
(Bangladesh Branch Office)