2. Not to erect or set up a building or structure on the DEMISES PREMISES nor to add to any existing building or structure during the period of lease or any renewal without the written consent of the LESSEE.
IT IS HEREBY DECLEAR AND MUTURALLY AGREED BETWEEN THE LESSOR AND LESSEE ANS FOLLWING:=
1. The LESSEE and the LESSOR shall have the right and option to terminate this Lease at any time only after the expiry of the lease period i.e., 24 months, provided they give ONE (1) month notice in advance to either of the parties.
2. The meter reading of various utilities are as given below:- UTILITY METER NUMBER TODAY’S READING a) ELECRICITY ———————— ———————— b) GAS ———————— ———————— c) TELEPHONE ———————— ———————— d) WATER ———————— ————————
3. That the LESSEE has also agreed with the LESSOR for a mandatory increase in rent by 10% per annum, the rent would be enhanced to Rs.36,300/-( Rupees Thirty Six Thousand and Three Hundred Only), should the LESSOR and I ESSEE mutually to renew the Lease. It can be negotiated between the parties.
WHEREOF THE PARTIES hereto have executed these presents on the and day above written.
LESSSOR:__________________________ Mrs. Ghazala waheed NIC NO._______________________
LESSEE__________________________ Mr.**** Chinese passport no.___________________
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