1. That the Second party / LICENSEE will use the said Nat only for residential purpose for a
period of 11 (eleven) months.
2. That the Second party / LICENSEE will pay the monthly License fee to the First. Party/Flat owner/Licensor by 7th of each month through RTGS/NEFT to licensors bank account.
3. That the Second party / LICENSEE will not sub-let or allow paying :
guest in the flat during the license period
4. That the Second party / LICENSEE will not make any construction/ modification inside or outside the flat.
5. That the Second party / LICENSEE will not store heavy quantity of gas, or petrol and / or any type of combustible article inside the flat.
6. That the Second party / LICENSEE shall follow rule and regulations of the housing Co-operative Society and that the second party / LICENSEE will not quarrel with the First party / Flat owners and / or any neighbors at any time.
7. That the Second party / LICENSEE shall be responsible for all petty repairs which may be necessary during the license period.
8. That either party shall serve one calendar month's notice in writing for vacating the flat
9. That the Second party / LICENSEE if not being able to pay the License fee on time to the First Party / Flat Owner / LICENSOR then the First / Flat Owner / LICENSOR will serve a short notice for clearing the dues / license fee to the Second Party / LICENSEE, but if the second Party / LICENSEE is not able to clear the dues within the period,
then First Party / Flat Owner/ LICENSOR will
have the right to ask the licensee, to vacate flat by giving one calendar month's notice and refund the balance security deposit of the licensee on his vacating the flat and refund the advance money after deduction of dues.
10. That the Second party / LICENSEE
will
always
LICENSOR or his/her authorized agent to inspect the flat / premises during day time.
11. The monthly license fee will be transferred to the designated bank account of the LICENSOR by the LICENSEE.
12. This agreement shall never be construed as a Tenancy agreement or lease nor other creating sort of right, Title and interest in the said premises in favour of LICENSEE, which shall not be the intention of the parties hereto but on the contrary merely a temporary agreement on leave and license basis, to allow the licensee to temporarily use the said premises under the control and supervision of the LICENSOR.
13. That the first party/ flat owner will refund the advance money without interest to the second party/ licensee at the time of vacating the flat and full peaceful possession and the flat being in OK condition and also surrender all papers as per rules. And further agreed by the licensee that the locking period will be 6 months from the date of this agreement. If the license wants to vacate the said flat before that days, then advance money/ security deposit will be forfeited by the licensor.
14. That the parties may renew this agreement for a further period, on 10% of increment in agreement.
IN WITNESS WHEREOF the parties hereto have executed these presents on the day, month and year first above - written.