पीजी संचालक पट्टा

This Lease is made at Chandigarh on 1 April 2026.

BETWEEN

Harpreet Singh, of House No. 45, Sector 21-C, Chandigarh (the "Lessor");

AND

Aarav Sharma, proprietor of Sharma Stays, of SCO 12, Sector 34-A, Chandigarh, acting through Mr Aarav Sharma, partner, under the partnership deed dated 3 January 2024 (the "Operator").

1.1 The Lessor lets to the Operator the whole of the building at Flat 804, Maya Garden City, Zirakpur, Punjab, described as ground floor plus two floors, 18 rooms, built-up area about 4,500 sq ft (the "Building"), for the term in clause 2.
1.2 The Operator uses the Building only to run a paying-guest house, taking in guests for a charge, with meals if the Operator chooses.
1.3 Not more than 40 guests may stay in the Building at one time.
1.4 The Lessor supplies these furniture, appliances and fittings, which the Operator returns in the same condition apart from ordinary wear: 18 beds, 18 wardrobes, 6 geysers, a fire extinguisher on each floor.

2.1 The lease begins on 2 April 2026 and ends on 1 April 2027, unless it ends earlier under this Lease.
2.2 For the first 12 months neither Party may end the lease early, except for the default in clause 9. After that either Party may end it by giving the other 60 days’ written notice.
2.3 The lease does not renew by itself or by the Operator staying on. A renewal needs a fresh written lease.

3.1 The Operator pays the Lessor rent of ₹1,80,000 (Rupees One Lakh Eighty Thousand only) a month, in advance, by day 7 of each month, by bank transfer or cheque, against a written receipt.
3.2 On each anniversary of the start date the rent rises by 5% of the rent then payable.
3.3 Each Party bears the taxes the law places on it in connection with this rent. Where the law requires the Operator to deduct tax before paying the rent, the Operator does so and gives the Lessor the certificate.

4.1 The Operator has paid the Lessor ₹5,40,000 (Rupees Five Lakh Forty Thousand only) as a refundable security deposit, which carries no interest.
4.2 The Lessor returns it within 30 days after the Operator hands back the Building empty of guests and belongings, less only unpaid rent, unpaid bills and the cost of repairing damage beyond ordinary wear, and shows the Operator the figures.

5.1 The Operator obtains and keeps in force every licence, registration and permission that the law or the local authority requires to run a paying-guest house, including for food if meals are served, and obeys fire-safety and sanitation rules.
5.2 The Operator takes the identity details of every guest, gives them to the local police station as the local rules require, and keeps a register of guests that the Lessor may see on request.
5.3 The Operator pays the electricity, water, gas, internet and similar bills for the Building, and any society or local-body charges that fall on an occupier.
5.4 The Operator keeps the Building clean and in good condition and carries out day-to-day repairs. The Lessor carries out structural and major repairs. The Operator makes no structural change without the Lessor’s written consent.
5.5 The Operator may not sub-let or transfer the Building or any part of it, except by taking in guests as this Lease allows.