EXCLUSIVE LEASE AGREEMENT

This EXCLUSIVE LEASE AGREEMENT (hereinafter referred to as “the Agreement”) is made on [INSERT THE DATE ON WHICH AGREEMENT COMES INTO FORCE] hereinafter referred as the “Effective Date”) between:

[INSERT THE NAME OF THE LESSOR], having registered office at [INSERT THE ADDRESS OF THE LESSOR] (hereinafter referred as the “Lessor”). which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns);

And

[INSERT THE NAME OF THE LESSEE],having registered office at [INSERT THE ADDRESS OF THE LESSEE] (hereinafter referred as the “Lessee”). which expression shall, unless repugnant to the context or meaning thereof, means and includes its legal representatives, executors, administrators and permitted assigns);

The “Lessor” and the “Lessee” shall be collectively referred as “Parties” and individually as “Party”.

WHEREAS

1. The Lessor is the owner of [INSERT THE DESCRIPTION OF PREMISES] located at [INSERT THE ADDRESS OF THE PREMISES] (here in after referred to as “DEMISED PREMISES” OR “PREMISES”)
2. The Lessee desires to exclusively lease the Demised Premises from the Lessor for the purpose of [INSERT THE PURPOSE OF EXCLUSIVE LEASE] and the Lessor is willing to lease the Property exclusively to the Lessee on the terms and conditions set forth herein.
3. The Parties acknowledge and agree that the terms and conditions contained in this Agreement shall govern the rights and obligations of the Parties during the term of the lease.

NOW, THEREFORE IN CONSIDERATION OF THE MUTUAL PREMISES, THE PARTIES HERETO AGREE AS FOLLOWS:

1. DEMISED PREMISES
   1. The Lessor agrees to exclusively lease the following property to the Lessee:[INSERT THE DESCRIPTION AND LOCATION OF THE PROPERTY TO BE LEASED EXCLUSIVELY ]
2. EXCLUSIVE USE
   1. The Lessee agrees to exclusively use the demised premises for the following purposes:[INSERT EXCLUSIVE PURPOSES OF LEASE]
3. TERM OF LEASE
   1. The term of this lease shall commence on [INSERT THE DATE ON WHICH LEASE SHALL COMMENCE] and shall continue for a period of [INSERT THE TERM OF LEASE IN YEARS] years, ending on [INSERT THE DATE ON WHICH LEASE SHALL END]. The lease term may be extended or renewed by mutual written agreement of the Parties.
4. LEASE RENT AND SECURITY DEPOSIT
   1. The Lessee agrees to pay a rent of [INSERT RENT AMOUNT TO BE PAID TO LESSOR] due on or before the [INSERT THE DATE ON WHICH RENT BECOMES DUE] of each month.
   2. Rent payments shall be made via [PAYMENT METHOD] to the Lessor’s designated account.
   3. A late fee of [INSERT LATE FEE CHARGED IF RENT NOT RECEIVED WITHIN GRACE PERIOD] shall be charged if rent is not received by the Lessor within [INSERT THE GRACE PERIOD] days of the due date.
   4. The Lessee shall provide a security deposit of [INSERT THE SECURITY DEPOSIT AMOUNT] upon signing this Agreement. This deposit will be held to cover damages beyond normal wear and tear and any unpaid rent.
   5. The security deposit will be returned to the Lessee within [INSERT THE NUMBER OF DAYS WITHIN WHICH SECURITY DEPOSIT SHALL BE RETURNED] days after the end of the lease term, less any deductions for damages or unpaid rent.
5. UTILITIES
   1. The Lessee is responsible for the payment of all utilities and services associated with the demised premises, including but not limited to electricity, water, gas, and internet.
6. MAINTENANCE AND REPAIRS
   1. The Lessor shall maintain the demised premises in a habitable condition and promptly address repairs that affect the habitability.
   2. The Lessee shall promptly report any maintenance or repair issues to the Lessor.
7. DEFAULTS
   1. If Lessee fails to perform or fulfill any obligation under this Lease, Lessee shall be in default of this Lease. Subject to any statute, ordinance or law to the contrary, Lessee shall have [INSERT DAYS FROM DATE ON NOTICE WITHIN WHICH LESSOR SHALL OPPORTUNITY TO CURE THE DEFAULT] days from the date of notice of default by Lessor to cure the default. In the event Lessee does not cure a default, Lessor may at Lessor's option (a) cure such default and the cost of such action may be added to Lessee's financial obligations under this lease; or (b) declare Lessee in default of the Lease.
   2. In the event of default, Lessor may also, as permitted by law, re-enter the Demised Premises and re-take possession of the Demised Premises. Lessor may, at its option, hold Lessee liable for any unpaid rent.
8. RIGHT OF INSPECTION
   1. Lessee agrees to make the premises available to Lessor or Lessor's agents for the purposes of inspection, making repairs or improvements, or to supply agreed services or show the premises to prospective buyers or tenants, or in case of emergency.
9. RIGHTS AND OBLIGATIONS
   1. Lessee shall operate and maintain the demised premises at all times in conformity with this Agreement.
   2. The Lessee shall comply with all rules and regulations notified by Lessor from time to time.
   3. The rights, which Lessee shall have in relation to the said premises, are only those set out in this Agreement.
   4. Lessee shall not sub-lease, assign any of its rights, or interest in this Agreement in favour of any third party at any time and for any reasons whatsoever without written approval from the Lessor.
10. TERMINATION
    1. The Lessor may terminate the Lease in case of default of payment of rent for more than [INSERT THE MAXIMUM MONTHS OF DEFAULT OF PAYMENT WHICH SHALL GIVE OPPORTUNITY TO LESSOR TO TERMINATE THE LEASE] months or for the violation of any of the terms of this agreement by giving [INSERT THE NUMBER OF DAYS/MONTHS WITHIN WHICH NOTICE OF TERMINATION SHALL BE GIVEN BY LESSOR] notice, while the Lessee shall have the right to terminate the Lease by giving [INSERT THE NUMBER OF DAYS/MONTHS WITHIN WHICH NOTICE OF TERMINATION SHALL BE GIVEN BY LESSEE] notice.
11. FORCE MAJEURE
    1. The parties shall not be liable for any departure from the provisions of this agreement which has occurred due to an act of god, terrorist activity, war, natural disaster like flood, earthquake or due to any reason beyond reasonable control of the parties.
12. WAIVER
    1. No failure by either party to exercise, nor any delay by either party in exercising, any right, privileges, power, authority or remedy hereunder shall operate as a waiver of that or any other right, privileges, power, authority or remedy of the Company, nor shall any single or partial exercise of any right, privileges, power, authority or remedy preclude any other or further exercise of that or any other right, privilege power, authority or remedy.
13. SEVERABILITY
    1. If any clause or section of the present debenture agreement is found to be unenforceable or unlawful, the rest of the provisions shall continue to be in force unless the arbitrator or competent courts order otherwise
14. GOVERNING LAW AND JURISDICTION
    1. The terms of this Agreement shall be governed and construed in accordance with the laws of [INSERT STATE/COUNTRY WHOSE LAWS SHALL BE APPLICABLE]. In regard to any disputes or disagreement arising under the Agreement, the parties shall submit to the exclusive jurisdiction of [INSERT CITY/REGION WHICH SHALL HAVE EXCLUSIVE JURISDICTION IN CASE OF DISPUTES].
15. NOTICES
    1. Any notice or communication under or in connection with this Agreement shall be in writing and may be delivered personally or by post or facsimile to the addresses given in this Agreement or may also be delivered via electronic mail specified by the Parties. The Electronic Signatures shall be acknowledged as valid signatures for all the purposes of this Agreement.
       1. LESSOR: [INSERT THE EMAIL ID OR/AND ADDRESS OF LESSOR]
       2. LESSEE: [INSERT THE EMAIL ID OR/AND ADDRESS OF LESSEE]
16. ENTIRE AGREEMENT
    1. This agreement constitutes the entire understanding and agreement of the parties with respect to its subject matter and supersedes all prior and contemporaneous agreements or understandings, inducements or conditions, express or implied, written or oral, between the parties.
    2. No amendments and/or modifications to this agreement shall be valid unless executed in writing and signed by both parties.
17. DECLARATION
    1. The parties hereby understand and expressly agree to the provisions laid down in the present agreement and in good faith, undertake that both parties shall follow the terms of this agreement in good conscience in order to secure better growth of both the Parties.

IN WITNESS WHEREOF, the parties, intending to be legally bound, have each executed this agreement as of the effective date.

Signed, sealed and delivered on behalf of the Lessor:

Name: [INSERT THE NAME/ DESIGNATION OF SIGNING AUTHORITY OF LESSOR]

Signature:

Date: [INSERT THE DATE ON WHICH LESSOR SIGNS THE AGREEMENT]

Signed, sealed and delivered on behalf of the Lessee:

Name: [INSERT THE NAME/DESIGNATION OF SIGNING AUTHORITY OF LESSEE]

Signature:

Date:[INSERT THE DATE ON WHICH LESSEE SIGNS THE AGREEMENT]