RESTAURANT PREMISES LEASE
Lease of premises to be used as a restaurant, cafe or food outlet
- 1. Who is signing. This Lease is signed on 1 April 2026 at Mohali. The owner is Jasbir Singh Dhillon, son of Sh. Gurdev Singh Dhillon, whose address is 25 Phase 3B1, Mohali 160059 (the Landlord, including heirs and successors). The occupier is Spice Route Hospitality LLP, a limited liability partnership, whose address is SCO 40, Phase 7, Mohali 160061 (the Tenant, including permitted successors). The Landlord lets and the Tenant takes the Premises for a restaurant business on the terms below.
- 2. What is let. The Landlord lets a first-floor commercial unit at SCF 12, Phase 5, Mohali 160059, measuring about 1,800 square feet, on the first floor, and the use of the entrance, the stairs, the lift and the service passage (the Premises). The fixtures that the Landlord leaves are listed in the Schedule, and a plan is attached as Annexure A.
- 3. Landlord's title and promise. The Landlord promises that it owns or is entitled to let the Premises, that it holds the registered sale deed of 18 June 2012, that the Premises are free of any charge that will stop the Tenant's use, and that it will keep the Tenant in quiet possession as long as the Tenant pays the rent and keeps to this Lease.
- 4. The business. The Tenant will run a family restaurant under the name Spice Route (the Business), serving North Indian food, dine-in, takeaway and home delivery. The Tenant may not use the Premises for any other business, as a place to live or sleep, or for a banquet hall, night club or dance floor unless the Landlord agrees in writing.
- 5. Whether the building may be used for a restaurant. The Landlord says that a restaurant is a permitted use of the Premises in the building plan and under the rules of the Municipal Corporation, Mohali. The building has a completion certificate for commercial use. If an authority refuses to allow the Business because the building does not permit it, the Tenant may end this Lease on notice and recover the deposit and the rent paid in advance.
- 6. Term. The term is 60 months from 2 April 2026 to 3 April 2026, unless it ends sooner or is renewed under this Lease.
- 7. Handing over, and time to fit out. The Landlord will give vacant possession on 3 April 2026. The Tenant has 60 days from then to build and equip the kitchen and dining area and to obtain its licences. No fixed rent is payable during the fit-out period, but the Tenant pays power and water.
- 8. Rent structure. The rent is a fixed rent only, as set out in the clause on fixed rent.
- 9. Fixed rent. The fixed rent is ₹1,20,000 (Rupees One Lakh Twenty Thousand only) a month, payable in advance by the fifth day of each month, by bank transfer to the account the Landlord names in writing, and the Landlord will give a receipt each time.