COWORKING OPERATOR AND LANDLORD MANAGEMENT AGREEMENT
This Coworking Operator and Landlord Management Agreement (this "Agreement") is made at Chandigarh on 2 April 2026.
BETWEEN
Chadha Commercial Complex Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha (the "Owner")
AND
WorkNest Coworking LLP, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha (the "Operator")
The Owner and the Operator are each a "Party" and together the "Parties".
RECITALS
A. The Owner owns, or is entitled to deal with, the building and Space described below.
B. The Operator runs coworking and flexible-workspace centres, and wishes to set up and run one in the Space.
C. The Owner has agreed to let the Operator do so, and the Operator to pay the Owner out of the Centre's earnings, on the terms of this Agreement.
NOW THIS AGREEMENT WITNESSES as follows.
- 1. THE SPACE AND THE OPERATOR'S ROLE
1.1 From 1 April 2026 the Owner gives the Operator the right to occupy and run the second and third floors of SCO 11, Sector 8-C, Chandigarh, with the shared terrace and four reserved parking bays, of about 12,000 square feet, at Chandigarh, in the State of Punjab (the "Space"), as a coworking and flexible-workspace centre under the name WorkNest (the "Centre").
1.2 The Operator alone runs the Centre: it shall sign up members, set and collect their charges, hire and manage its own staff, and provide the services members expect. The members are the Operator's customers, not the Owner's, and the Owner is not responsible for the Operator's staff, members or contracts.
1.3 The Operator shall use the Space only as a coworking centre and for uses that go with it, and shall not use it for any unlawful, hazardous or nuisance activity.
1.4 The Owner confirms that it owns the Space or has the right to give it to the Operator on these terms, that the building has the approvals needed for office use, and that nothing in any lease, loan or allotment condition stops this arrangement.
- 2. TERM, FIT-OUT AND LOCK-IN
2.1 This Agreement runs for 60 months from 1 April 2026, unless ended earlier under this Agreement.
2.2 The Operator has 90 days from 1 April 2026 to fit out the Space and open the Centre. No guarantee or revenue share is payable during that period.
2.3 The Operator shall carry out this fit-out at its own cost: partitions, workstations, meeting rooms, a pantry, a reception, air-conditioning changes and branding. Before any structural change, or any change to electrical, plumbing or fire systems, the Operator shall get the Owner's written approval, which the Owner shall not unreasonably withhold, and shall obtain every municipal or other permission needed.
2.4 For the first 36 months from 1 April 2026 (the "Lock-in") neither Party may end this Agreement for convenience. If the Operator leaves earlier, it remains liable for the minimum guarantee, or the revenue share it would have paid, for the rest of the Lock-in.