RENTAL AGREEMENT

This RENT AGREEMENT is made and executed on this 20 th day of

October Two thousand Fifteen by and between M.A. Business Centre
(P) Ltd., a company incorporated under the Companies Act, 1956 at
Kolkata, represented by its Director Mrs. Madina Khatoon, wife of
Mohammed Anwar Rahamani, carrying on business from the
Premises at 123-127, Metagalli Industrial Area, Mysuru 570 016,
hereinafter referred to as DIRECTOR of the ONE PART.
AND
FUTURE FOUNDATION EDUCATIONAL TRUST (registered
under the Trust Page No. 4 MYE-4-00389-2014-2015 CD
Number MYED 47 dated 20.01.2015) located at No. 856.14th
Cross, 2nd stage Rajivnagar, Mysuru 570 019, represented by its
Chairman, Mr. Farooq Ahmed, hereinafter referred to as the TENANT
of the OTHER PART.
The Tenant is carrying on business in running and operating
Educational institutions and canteen For the purposes of putting up
a Educational institutions and canteen the Tenant has approached
the Landlord to allow the Tenant and/or to grant a tenancy in respect
of ALL THAT the divided and demarcated portion of Municipal
Premises
No.--------------------------------------------------------Mysore
(hereinafter referred to as the ENTIRE PROPERTY) containing by
estimation an area of 40000 sq.ft.(1 acre) (more or less) (more fully
and particularly mentioned and described in the SCHEDULE
hereunder written and hereinafter referred to as the RENTED
PROPERTY situation whereof is shown and delineated in the map or
plan annexed hereto and bordered in RED thereon) and the Landlord
in its turn has agreed to grant a tenancy in respect of the said
Rented Property unto and in favour of the Tenant on and with effect
from the completion of School building (hereinafter referred to as the
COMMENCEMENT DATE) at the rent and subject to the terms and
conditions hereinafter appearing.
IT HAS NOW BEEN AGREED BY AND BETWEEN THE PARTIES HERETO
as follows :A. RIGHT TO CONSTRUCT AN EDUCATIONAL INSTITUTION
AND A CANTEEN:
For the purpose of its business the Tenant at its own cost shall
be entitled to and is hereby authorized :
1. To make constructions on the said Rented Property
sanctioned by local authorities.
2. To obtain all necessary permissions approvals consents
and/or sanctions as may be necessary and/or required for
the purpose of making constructions and also for the
purpose of running and operating the said educational
institutions and canteen on and from the said Rented
Premises.
3. To cause a map or plan to be prepared and to submit the
same to the authorities concerned for sanction.
4. The right of the tenant to enter upon the said premises is
only restricted for the purpose of putting up the said
educational institutions and canteen in no event the tenant
shall be entitled to claim possession of the said rented
property until commencement of the Rental Agreement.
5. If for any reason whatsoever this agreement is cancelled
before the Commencement Date then and if that event all

the constructions made by the tenant on the said rented

premises shall absolutely belong to the Landlord and the
Tenant shall not be entitled to have any claim against the
Landlord account of the cost of construction and/or in
respect of damages and/or on any other account
whatsoever or howsoever.
B. RENT
1. The Tenant has agreed to pay to the Landlord monthly rent
at the rate of Rs. 23,000/- (Rupees Twenty three thousand
only) per month (hereinafter referred to as the RENT).
2. The said rent shall start immediately after the construction
of school building is completed.
3. The said rent shall be paid at the office of the Landlord at
No. 113, Park street, Kolkata -700 016 or at such other
place as may be designated by the Landlord.
4. The rent shall be increased by 10% on expiry of every thirty
three months
C. RATES AND TAXES AND OTHER OUTGOINGS
1. Taxes and levies pertaining to the said premises including
property
tax, other cesses, if any and any statutory taxes
levied by the municipal corporation during the term of this
agreement shall be payable by the landlord.
2. However the taxes pertaining to the building educational
institution canteen water supply and
electricity charges in
respect of the said rented premises payable in respect of the
electricity consumed and water consumed during the tenancy
shall be paid borne and discharged by the Tenant
D. DEPOSIT
1. The Tenant has agreed to keep in deposit with the Landlord
a sum of Rs. 2,30,000/- (Rupees Two lakhs Thirty thousand
only) (hereinafter referred to as the DEPOSIT AMOUNT)
2. The said Deposit Amount shall not carry any interest
3. The said Deposit Amount shall be increased proportionately
in accordance with the rent after very thirty three months
4. The said deposit amount shall become refundable upon
expiry of the term of tenancy subject to the Tenant making
over quite and peaceful possession of the said rented
premises together with all constructions thereon
E. COVENANTS OF THE TENANT
The Tenant has agreed :
1. To regularly and punctually make payment of the rent in the
manner as herein before recited
2. To use the said Rented Premises together with all structures
standing thereon for the purpose of running and operating
a Educational institutions and canteen and for no other
purposes whatsoever without the consent of the Landlord
3. To regularly and punctually make payment of all municipal
rates taxes and other outgoings including electricity
charges during the term of the tenancy
4. Not to claim any right over and in respect of the other parts
and portions of the said Entire Property
5. To apply and obtain all necessary permissions consents
sanctions and/or approvals for the purpose of running and
operating the said Educational institutions and canteen.

6. To regularly and punctually make payment of all amounts

due and payable to the workers and/or other agents
employed by it while running and operating the said
Educational institutions and canteen.
7. Not to store or permitted to store in the said Rented
Premsies any inflammable or hazardous substances
8. To carrying out all necessary repairs renovations and/or
improvements into or upon the said Rented Premises at its
own cost
F. CONSEQUENCES OF NOT VACATING
1. In the event of expiry of the term hereby granted or
sooner determination thereof the Tenant shall be liable
to quit vacate and deliver up complete vacant
possession of the said Rented Premises together with all
structures standing thereon and in the event of the
tenant failing to vacate until such time the landlord has
succeeded in obtaining vacant poseesion the tenant
shall be liable to compensate the landlord in a sum of
Rs. 1,000 per day as an by of predetermined liquidated
damages.
G. RENEWAL
1. This agreement may be renewed after 33 x 3 months +
1 year period as may be agreed upon with the 10%
increment every 33 months between the parties hereto
on such terms and conditions to be mutually agreed
upon.
H. TERMINATION/DETERMINATION
1. The Tenant agred not to terminate this agreement
before expiry of the term hereby granted.
2. Upon termination and/or sooner determination as
above the tenant shall forth with vacate the said
premises after removing all its articles and/or
furnitures lying therein and on delivery of complete
vacant possession but leaving behind the building. A
grace period of one month to be granted after the
expiry of the academic year of the above said
educational institutions.
I. DISPUTE RESOLUTION
All disputes and differences between the parties hereto
in any way touching or concerning the said premises or
the interpretation scope or effect or any of the terms and
conditions of this agreement or as regards the rights and
liabilities of the parties hereto shall be referred to the
sole arbitration of Mr. Mohammed Anwar Rahamani, 113,
Park Street, Poddar Point, Kolkata (hereinafter referred to
as the ARBITRATOR) and the same shall be deemed to
be a reference within the meaning of the Arbitration of
enactment thereto for the time being in force.
The Arbitrator shall have summary powers
1. The Arbitrator shall be entitled to lay down his own
procedure

2. It will not be obligatory on the part of the Arbitrator to give

any speaking and/or reasoned Award.
3. It shall not be obligatory on the part of the Arbitrator to
follow the principles laid down under the Indian Evidence
Act unless specifically enjoined upon him.
4. The Arbitrator shall be entitled to give interim awards
and/or directions.
5. The parties hereto agree and covenant with each other that
they have full trust and confidence in the Arbitrator and
agree to abide by all his Directors and/or awards and not to
challenge the same in any manner whatsoever or
howsoever.
6. The Arbitration proceeding shall be held in Mysore.
7. In as much as this agreement is being entered into Mysore
Court at Mysore alone shall have jurisdiction to entertain
and try all actions suits and proceedings arising out of
these presents.
THE SCHEDULE ABOVE REFERRED TO
(THE RENTED PREMISES)
ALL THAT the divided and demarcated portion of the Premises No.
123-127, Metagalli Industrial Area, Mysore 570 016 containing by
estimation of an area of 40,000 sq.ft.(1 acre) (more or less) open
space (situation whereof is shown and delineated in the map or plan
annexed hereto and bordered in RED thereon).

IN WITNESS WHEREOF the parties hereto have here unto set and
subscribed their respective hands and seal the day, month and year
first above written.
SIGNED AND DELIVERED
Witnesses
By the DIRECTOR M.A. BUSINESS CENTRE
1.
Through its Director
2.
MRS. MADINA KHATOON
Director
SIGNED AND DELIVERED
Witnesses
By the TENANT
FUTURE FOUNDATION
EDUCATIONAL TRUST(R)

1.

Mr. Farooq Ahmed

Chairman

2.