Redevelopment: -

1. The Licensee agrees that if there is redevelopment on the said premises, then Licensee will vacate the said premises immediately without any hindrances and objection.

Security Deposit Withhold: -

2. The Licensee agrees that at the time of vacation of the said premises, the Licensor shall forthwith hold a sum of Rs.10,000/- which shall be refunded within 30 days, subject to clearance of all the outgoings, dues, etc.

Repairs: -

3. The Licensee further agrees that day to day minor repairs in respect of the said premises shall be borne by the Licensee at his own cost and shall not demand any reimbursement from the licensor. The Licensee agrees that he/she will return the possession of said premises in neat and good condition normal wear and tear expected. If any major damages, Charges towards the same shall be recovered from the Security Deposit.

Nuissance: -

4. Further, Licensee will stay with his / her family members and shall not create any nuissance during the stay and if found creating nuissance the Licensor shall get the said premises vacated within weeks time.

Gas / Telephone / Personal Outgoings: -

5. The Licensee agrees to pay Parking, Electricity, Gas, Telephone, Cable, Internet Bills and other personal outgoings at actuals at his own cost and shall submit paid bills to the Licensor.

Penalty Clause

6. If any monthly rent cheque bounces or any delay in monthly rent payment for 2 consecutive months, then Licensor will terminate the agreeement and get the premises vacated immediately. Any delay in handing over the vacant possession upon expiry or earlier termination, the Licensor will charge a penalty of Rs. 1000/- per day in addition to monthly rent.