CAM AND PROPERTY TAX RECONCILIATION STATEMENT
Office 304, Third Floor, Tower B, Elante Business Park, Industrial Area Phase 1, Chandigarh 160002
Issued at Chandigarh on 2 April 2026 by Sethi Estates Private Limited, of SCO 12, Sector 17-C, Chandigarh 160017 (the "Landlord"), to Northline Analytics Private Limited, of Plot 5, Phase 8-B, Industrial Area, Mohali 160055 (the "Tenant"), under Commercial Lease Deed dated 1 April 2026 (the "Lease").
Period covered: 1 April 2026 to 2 April 2026.
- 1. THE TENANT'S SHARE
1.1 The Tenant's share of the shared costs of the building for the period is 4.2 percent, being 1,850 of 44,000 square feet of chargeable area.
- 2. COMMON AREA MAINTENANCE (CAM)
2.1 The shared costs charged for the period are: Security, housekeeping, lift maintenance, common area electricity, gardening, repairs and management fee.
2.2 Total shared cost for the whole building for the period: ₹48,00,000 (Rupees Forty Eight Lakh only).
2.3 The Tenant's share of that cost: ₹2,01,600 (Rupees Two Lakh One Thousand Six Hundred only).
- 3. PROPERTY TAX
3.1 Property tax for the whole building for the period, as shown by the bill or receipt: ₹12,00,000 (Rupees Twelve Lakh only).
3.2 The Tenant's share of the property tax: ₹50,400 (Rupees Fifty Thousand Four Hundred only).
- 4. WHAT HAS BEEN PAID AND THE BALANCE
4.1 The Tenant has paid on account for CAM and property tax in the period: ₹2,40,000 (Rupees Two Lakh Forty Thousand only).
4.2 After adding the Tenant's share in clauses 2.3 and 3.2 and setting off the amount in clause 4.1, the balance for the period is ₹12,000 (Rupees Twelve Thousand only), which is payable by the Tenant to the Landlord.
4.3 The balance shall be settled within 15 days of the date of this statement, by bank transfer, or, if it is refundable to the Tenant, by credit against the next rent invoice.
4.4 The amounts above are before GST, which is charged separately on the invoice if it applies.
- 5. THE TENANT'S RIGHT TO CHECK
5.1 For 30 days from the date of this statement the Landlord shall allow the Tenant, on reasonable notice, to inspect the bills, invoices and records behind the figures above, and to take copies.
5.2 If the Tenant disagrees with a figure it shall say so in writing within that time, naming the item and giving its reasons. The undisputed part of the balance shall be settled as stated in clause 4.3, and the Parties shall try in good faith to resolve the disputed part promptly.
5.3 If a mistake is found after the statement is issued, whether in the Landlord's favour or the Tenant's, the Landlord shall issue a corrected statement and the difference shall be settled in the same way as the balance.
- 6. STATUS OF THIS STATEMENT
6.1 This is a statement of account under the Lease. It does not change the Tenant's obligations under the Lease and does not waive any right of either Party.