DEED OF LEASE AGREEMENT
This Deed of Lease Agreement is made at Dhaka on this 1st December, of 2020
Between
Tokyo Consulting Firm Limited, a private company limited by shares, duly incorporated under the Company Act, 1994 of Bangladesh, represented by its Director Mr. Tadaoki Watanabe of Ataturk Tower, Flat # 11/A, 22 Kemal Ataturk Avenue, Banani, Dhaka-1213 hereinafter called the Lessor.
AND
JANGHO CURTAIN WALL BANGLADESH LTD. a company limited by shares, duly incorporated under the Companies Act of Bangladesh represented by its Managing Director MR. LOU FEI (Passport No. E5853063F) of 45 Victoria Park Grove Singapore 266128 on the other part, herein after called the Lessee.
PRELUDE:
A. WHEREAS the Lessor of Ataturk Tower, Flat # 11/A, 22 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 10th floor for operating the business of the Lessee on 1st December, 2020 for a period of Six months which will be expired on 31st May, 2021.
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 30th day of each month.
Per months: BDT 28,000 (Twenty Eight Thousand Taka Only) only [Excluding Tax and VAT]
C. DURATION OF THE LESSEE: - The duration of lease shall be three months commencing from 1st December, 2020 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:
Ataturk Tower, Flat # 11/A, 22 Kemal Ataturk Avenue, Banani, Dhaka-1213, Bangladesh.
Signatures of witness:
……………………….
Signature of the Lessor:
Tadaoki Watanabe
Director
Tokyo Consulting Firm Limited
……………………….
Signature of the Lessee:
LOU FEI
Managing Director
JANGHO CURTAIN WALL BANGLADESH LTD.