RENT AGREEMENT

This Rent Agreement is made on this 11^th March 2024

By

Anshuman Patnaik, S/o Late Gagan Bihari Patnaik, resident of Plot No.2707, Maharana Sahi, Vivekananda Marg, Old town, Bhubaneswar-751002, Dist-Khorda, Odisha (Herein after called the Lessor / Owner, Party Of the first part

AND

LEXOREN HEALTHCARE PRIVATE LIMITED, through its Director, Smrutiranjan Jena, Herein after called Lessee/Tenant, Herein after called the Lessee , Party Of the Second part

That the expression of the term, Lessor/Owner and the Lessee/Tenant Shall mean and include their legal heirs successors, assigns, representative etc. Whereas the Lessor /Owner is the owner and in possession of the property  at Plot No.2707, Maharana Sahi, Vivekananda Marg, Old town, Bhubaneswar-751002, Dist-Khorda, Odisha and has agreed  to let out the one office Room, Set on said property, to the Lessee/Tenant and the Lessee/Tenant has agreed to take the same on rent of Rs. 16,000/- (Sixteen Thousand Only) per month.

NOW THIS RENT AGREEMENT WITNESSETH AS UNDER:-

1. That, the Tenant/Lessee shall pay as the monthly rent of Rs. 16,000/- (Sixteen Thousand Only)  per  month,  excluding  electricity charges with annual increment of 5% each year.

• That, the Tenant /Lessee shall not sub–let any part of the above said demised premised premises to anyone else under any circumstances without the         consent of Owner.

• That, the Tenant / Lessee shall abide by all the bye – laws, rules and regulation, of the local authorities in respect of the demised premises and shall not do any illegal activities in the said demised premises.

• That,   this   Lease   is   granted for a period   of   Two years  (24)  months  only commencing from 11.03.2024 to 11.03.2026.

• That, the Lessee shall pay Electricity as per the proportionate consumption of the meter to the Lessor /Owner.

• That, the Tenant/Lessee shall not be entitled to make structure in the rented premises except the installation of temporary decoration, wooden partition/ cabin, air – conditioners etc. without the prior consent of   the owner.

• That, the Tenant/lessee can neither make addition/alteration in the said  premises without  the  written  consent of the owner, nor the lessee can sublet part or entire  premises to any person(s)/firm(s)/company(s).

• That, the Tenant/Lessee shall permit  the  Lessor/Owner or his Authorized    agent  to  enter   in  to  the   said  tenanted  premises  for  inspection/general        checking or to carry out the repair work, at any reasonable time.

• That, the Tenant/Lessee shall keep the said premises in clean & hygienic condition and shall not do or causes to be done any act which may be a nuisance to other.

1. That, the Tenant/Lessees shall carry on all day-to-day minor repairs at his/her own cost.

1. That, this Agreement may  be  terminated   before  the expiry of this tenancy period by serving Two month prior notice by either  party  for  this intention .

1. That, the Lessee shall use the above said premises for its business purpose Only.

1. That, the Lessee/Tenant Shall not store/Keep any offensive, dangerous, explosive or highly  Inflammable  articles  in  the  said  premises and shall not use the same for any unlawful activities.

1. That, the Lessee has paid  Two month’s advance rent of Rs.20,000/- on 12.01.2024 and Rs.12,000/- on 31.01.2024 to the Lessor which will be refunded or adjusted on vacation of premise after the terms on agreement along with non-refundable deposit of Rs.4000/-  paid on 31.01.2024.

1. That, both the parties have read over and understood all the contents of this agreement and have signed the same without any force or pressure from any side.

1. That, if any dispute, controversy or claim between the Parties arises out of or in connection with or in relation to this Lease Deed, the same shall be referred to arbitration. The arbitration shall be conducted in accordance with the provisions of the Indian Arbitration and Conciliation Act, 1996 by a sole arbitrator appointed in accordance with the said Act. Any arbitral award shall be final and binding on the Parties. The venue of the arbitration shall be Bhubaneswar. The language of the arbitration shall be English or Odia. 

This Lease shall be governed by and interpreted in accordance with the laws of India and the courts at Bhubaneswar shall have exclusive jurisdiction in this regard

In WITNESS WHEREOF the lessor/Owner and  the Tenant / Lessee have hereunto subscribed  their  hand  at Bhubaneswar on this 11.03.2024 day in the presence of the following Witnesses