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================================================================================ RESIDENTIAL LEASE / RENTAL AGREEMENT (FOR A FIXED STATUTORY DURATION OF 11 MONTHS) ================================================================================ THIS RESIDENTIAL RENTAL AGREEMENT is entered into and executed at Bengaluru, Karnataka on this 2026-10-01: BY AND BETWEEN: Ramesh Chandra Sharma, S/o / D/o / W/o Late Shri Kailash Chandra Sharma, Aged about 52 years, Permanent Resident of Flat 102, Shanti Vihar, Indiranagar, Bengaluru, Karnataka - 560038, Holding PAN: ABCPS1234K (hereinafter referred to as the "LESSOR" / "FIRST PARTY", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, executors, administrators, legal representatives, and assigns) of the FIRST PART; AND Priyanka Verma, S/o / D/o Shri Rajesh Kumar Verma, Aged about 29 years, Permanent Resident of B-14, Civil Lines, Jaipur, Rajasthan - 302006, Holding Aadhaar/ID: XXXX-XXXX-9842 (hereinafter referred to as the "LESSEE" / "SECOND PARTY", which expression shall, unless repugnant to the context or meaning thereof, be deemed to include his/her legal heirs, successors, executors, and permitted assigns) of the SECOND PART. (The LESSOR and the LESSEE are hereinafter collectively referred to as the "Parties" and individually as a "Party".) -------------------------------------------------------------------------------- RECITALS -------------------------------------------------------------------------------- WHEREAS: A. The LESSOR is the sole, absolute, and lawful owner of the residential premises situated at: Flat 402, 4th Floor, Lotus Towers, 5th Block, Koramangala, Bengaluru, Karnataka - 560095 comprising 2 BHK Residential Apartment, Super Built-up Area 1,250 Sq. Ft., with 1 Dedicated Covered Car Parking Slot, more particularly described in SCHEDULE 'A' hereunder and hereinafter referred to as the "SCHEDULED PREMISES". B. The LESSEE has approached the LESSOR with a request to take the Scheduled Premises on rent for bona fide residential purposes only, and the LESSOR has agreed to grant lease of the Scheduled Premises to the LESSEE on the covenants, terms, and conditions mutually agreed upon herein. NOW, THEREFORE, THIS INDENTURE WITNESSETH AND IT IS HEREBY MUTUALLY AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS: 1. TENURE OF LEASE: 1.1 The lease of the Scheduled Premises is granted for a fixed period of 11 (Eleven) calendar months only, commencing from 2026-10-01 and expiring on the 31st day of August, 2027 (both days inclusive). 1.2 This agreement is specifically crafted for 11 months to conform to Section 107 of the Transfer of Property Act, 1882 and Section 17(1)(d) of the Registration Act, 1908. 1.3 The lease may be renewed for a further term of 11 months upon mutual written consent of both parties, subject to an agreed revision in monthly rent (standard statutory escalation of 5% to 7%). 2. MONTHLY RENT & PAYMENT DUE DATE: 2.1 The LESSEE shall pay to the LESSOR a monthly rent of ₹28,000/- (Rupees Twenty Eight Thousand Only). 2.2 The monthly rent shall be paid in advance on or before the 5th (fifth) day of each English calendar month through direct electronic bank transfer (NEFT/RTGS/UPI) or account payee cheque. 2.3 Any delay in payment of rent beyond the 10th of the month shall attract late payment interest at the rate of 12% (twelve percent) per annum calculated on a per-day basis until cleared. 3. INTEREST-FREE REFUNDABLE SECURITY DEPOSIT: 3.1 The LESSEE has paid to the LESSOR a sum of ₹1,00,000/- (Rupees One Lakh Only) as an Interest-Free Refundable Security Deposit, the receipt of which the LESSOR hereby acknowledges. 3.2 The Security Deposit shall remain deposited with the LESSOR throughout the tenancy and shall be refunded in full by the LESSOR to the LESSEE within 7 (seven) business days of the LESSEE peacefully handing over vacant physical possession of the Scheduled Premises. 3.3 The LESSOR shall be legally entitled to deduct from the Security Deposit only: (a) Any arrears of unpaid rent or society maintenance charges; (b) Unpaid electricity, water, or piped gas utility bills up to the handover date; (c) Actual verified costs of repairing physical damage to the property or fixtures caused by the LESSEE (normal wear and tear excepted); (d) Mutual painting deduction (equivalent to one month's rent or actual whitewash costs) if the premises are not repainted before handover. 4. MAINTENANCE CHARGES & UTILITY BILLS: 4.1 The monthly apartment society maintenance charges of ₹3500/- shall be paid by the LESSEE directly to the Resident Welfare Association (RWA) / Society management on or before its due date. 4.2 The LESSEE shall be solely responsible for paying all electricity charges (as per the dedicated sub-meter/BESCOM/MSEDCL bill), domestic water charges, piped PNG gas, internet/Wi-Fi, and cable charges during the subsistence of this lease. 5. PERMITTED USE & RESTRICTIONS: 5.1 The Scheduled Premises shall be used exclusively by the LESSEE and his/her immediate family members for bona fide residential purposes and for NO other purpose. 5.2 The LESSEE shall NOT assign, sublet, underlet, license, mortgage, or part with the possession of the Scheduled Premises or any part thereof to any third party under any circumstances. 5.3 The LESSEE shall NOT store, keep, or bring into the Scheduled Premises any hazardous, inflammable, combustible, explosive, or unlawful materials. 5.4 The LESSEE shall strictly comply with the bye-laws, rules, and regulations established by the Resident Welfare Association (RWA) / Apartment Owners Association. 6. REPAIRS & MAINTENANCE: 6.1 The LESSOR shall be responsible for all major structural repairs (such as structural seepage, exterior wall cracks, or main plumbing conduit bursts) arising from natural ageing or construction defects. 6.2 The LESSEE shall be responsible for all minor day-to-day repairs and maintenance, including replacement of fused LED bulbs, repair of water taps, geyser servicing, flush valves, and minor electrical switches. 7. LESSOR'S RIGHT OF INSPECTION: 7.1 The LESSOR or his/her duly authorized representative shall have the right to enter and inspect the condition of the Scheduled Premises by giving the LESSEE at least 24 (twenty-four) hours prior written notice, during reasonable daytime hours (between 10:00 AM and 6:00 PM), without causing undue inconvenience to the LESSEE. 8. LOCK-IN PERIOD & TERMINATION: 8.1 Both parties agree to an initial Lock-in Period of 3 (Three) months from the commencement date. Neither party shall terminate this agreement during the lock-in period. 8.2 After the expiry of the lock-in period, either party may terminate this agreement by serving 1 (One) calendar month's advance written notice to the other party, or by paying rent in lieu thereof. 8.3 In the event of default in payment of rent for two consecutive months, or breach of any material covenant herein, the LESSOR shall have the right to terminate this agreement forthwith and re-enter the Scheduled Premises after giving a 7-day cure notice. 9. VACATING & RESTORATION: 9.1 Upon expiry of the tenure or earlier termination, the LESSEE shall peacefully and quietly yield up and deliver vacant physical possession of the Scheduled Premises along with all keys, fixtures, and fittings in the same good tenantable condition as received, normal wear and tear excepted. 10. GOVERNING LAW & JURISDICTION: 10.1 This Agreement shall be construed, interpreted, and governed in accordance with the laws of India, including the Indian Contract Act, 1872 and the Transfer of Property Act, 1882. 10.2 The Courts having territorial civil jurisdiction over the area where the Scheduled Premises is situated shall have exclusive jurisdiction over any disputes arising out of this Agreement. -------------------------------------------------------------------------------- SCHEDULE 'A' (DESCRIPTION OF SCHEDULED PREMISES) -------------------------------------------------------------------------------- All that piece and parcel of residential premises bearing: Address: Flat 402, 4th Floor, Lotus Towers, 5th Block, Koramangala, Bengaluru, Karnataka - 560095 Configuration: 2 BHK Residential Apartment, Super Built-up Area 1,250 Sq. Ft., with 1 Dedicated Covered Car Parking Slot Bounded on: - NORTH by: Open Space / Driveway - SOUTH by: Common Corridor / Lift Lobby - EAST by: Apartment Unit No. 403 - WEST by: External Compound Road -------------------------------------------------------------------------------- SCHEDULE 'B' (INVENTORY OF FIXTURES & FITTINGS) -------------------------------------------------------------------------------- The Scheduled Premises is handed over with the following fixtures, fittings, and appliances in good working order: 3 Ceiling Fans, 8 LED Tube Lights, 2 Instant Geysers (AO Smith), 1 Faber Modular Chimney, 2 Full-length Bedroom Wardrobes, 1 Video Doorbell, 1 Exhaust Fan. Initial Electricity Meter Reading on Handover Date: ____________ kWh Units. Total Keys Handed Over: [ 3 Sets of Main Door Keys, 2 Bedroom Keys, 1 Mailbox Key ] IN WITNESS WHEREOF, the LESSOR and the LESSEE have set their respective hands and seals to this Agreement on the day, month, and year first above written in the presence of the attesting witnesses: ________________________________________ ________________________________________ LESSOR (FIRST PARTY) LESSEE (SECOND PARTY) Name: Ramesh Chandra Sharma Name: Priyanka Verma PAN: ABCPS1234K ID: XXXX-XXXX-9842 WITNESSES: 1. Signature: ___________________________ 2. Signature: ___________________________ Name: _______________________________ Name: _______________________________ S/o: ________________________________ S/o: ________________________________ Address: ____________________________ Address: ____________________________ Phone: ______________________________ Phone: ______________________________