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In consideration of this Agreement, the LESSEE hereby agrees to pay a monthly rent of Rs. 30,000/- (Rupees Thirty thousand only) for an initial period of three years for which this lease/rent agreement shall subsist. On this calculation, the monthly rent for a total covered area of …sq yards shall come to Rs. 30,000.00 The tenancy/lease in terms of the above Agreement shall commence on on December 1, 2003, the LESSEE having paid/agreed to pay the following charges/rates, as agreed to between the two parties: a. Rs 1.00 lakh (Rupees one lakh) as deposit, paid vide cheque No. 189624 dated drawn on ……………………, New Delhi to remain with the LESSOR for the duration/extended duration of the lease as interest-free deposit, to be refunded to the LESSEE on satisfactory completion of the Lease/Rent Agreement and reversion of the premises to the LESSOROR adjustable in the last three months of the lease/extended lease period.
Approximate Word count = 459
Approximate Pages = 1.8
(250 words per page double spaced)
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