SOLAR ROOFTOP LEASE
This Solar Rooftop Lease (this "Lease") 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
SunBridge Energy Private Limited, an individual, of SCO 11, Sector 8-C, Chandigarh 160009, acting through Ravneet Chadha (the "Solar Company")
The Owner and the Solar Company are each a "Party" and together the "Parties".
RECITALS
A. The Owner owns, or is entitled to lease, the building and Roof described below.
B. The Solar Company develops and runs rooftop solar plants, and wishes to install and run one on the Roof.
C. The Owner has agreed to lease the Roof, and the Solar Company to take it on lease, on the terms of this Lease.
NOW THIS LEASE WITNESSES as follows.
- 1. THE ROOF AND THE TERM
1.1 The Owner leases to the Solar Company, and the Solar Company takes on lease, the top-floor roof slab of the building at SCO 11, Sector 8-C, Chandigarh, excluding the water-tank room and the staircase mumty, as marked in red on the attached plan, of about 8,000 square feet, at Chandigarh, in the State of Punjab (the "Roof"), together with the right to run cables and conduits through the building by a route the Owner approves, to the Solar Company's metering and grid-connection point, for the purpose of installing, operating and maintaining a rooftop solar power plant of about 100 kW (the "Plant").
1.2 The term is 25 years from 1 April 2026. The Solar Company shall install the Plant and begin generating within 180 days of the start date, extended by any delay in approvals that is not the Solar Company's fault. The Parties may renew this Lease by a written agreement.
1.3 The Owner confirms that it owns the building or holds the right to lease the Roof for this term, that no lender, lessor or allotment condition stops it, and that the Roof is free of other leases or rights. If the Owner has a mortgage or a head lease, the Owner shall obtain the lender's or head lessor's written consent before the start date.
- 2. RENT
2.1 The Solar Company shall pay the Owner rent of ₹1,20,000 (Rupees One Lakh Twenty Thousand only) a year, in advance, for each year of the term, against the Owner's invoice. Any GST that applies to the rent is payable in addition, at the rate in force, against a valid tax invoice.
2.2 No rent is payable for the first 6 months from the start date.
2.3 The rent increases by 5 per cent at the end of each year of the term.
2.4 The Solar Company shall pay the Owner an interest-free refundable security deposit of ₹1,20,000 (Rupees One Lakh Twenty Thousand only) before the start date. The Owner shall refund it within thirty days after the Roof is handed back and the Plant removed, less only sums due and unpaid or the documented cost of repairing damage to the Roof that the Solar Company was bound to repair.