RENT AGREEMENT
This Rental Agreement is made and executed on this __10 day of July 2025 at Ranchi;
Between
Smt. Sampati Singh, Aged 55 years bearing PAN No. AODPS8493M residing at Laxmi Apartment
Flat No. 201 Anantpur 3rd lane near railway overbridged Ranchi Doranda - 834002, hereinafter
referred to as “Lessor” which expression shall, unless repugnant to the context and meaning
thereof, mean and include his legal assigns, successors, executors, administrators etc.) of the
LESSOR.
AND
QDIGI SERVICES LIMITED, a company registered under Companies Act, 1956 and existing under
the Companies Act, 2013 and having its corporate office at 4 th Floor of Bldg. EOAI C-56A/25, Sector-
62, Noida, Uttar Pradesh – 201301 bearing PAN No. AACCH9538H represented herein represented
herein through its authorized signatory Mr. Deven Sharma (hereinafter referred to as the “Lessee”
which expression shall, unless repugnant to the context and meaning thereof, mean and include its
successors in title and permitted assigns) of the LESSEE.
WHEREAS:
The Lessor is desirous of leasing Schedule ‘A’ Property Shop. No. 4 on Second Floor, Nile Complex,
Kantatoli Ranchi Jharkhand 834001 of building in favor of Lessee. The Lessee, based on the above
representations of the Lessor, has expressed an intention to take the Schedule ‘A’ property on lease
from the Lessor. The Lessee is taking the Premises on lease rent for the purpose of its employees
and uses the premises to run a service centre for service/repair of electronic/electrical gadgets and
all kind of other home appliances. The activities in consonance with the office of the Lessee shall be
permissible.
A. Whereas, the Lessor is having clear and marketable legal title for the said premises and is
entitled in law to execute this Lease /rent agreement in favour of the Lessee.
NOW THEREFORE THIS AGREEMENT WITNESSETH AS FOLLOWS:
1. GRANT OF LEASE
In consideration of the terms agreed in between both the Parties, the Lessor hereby grant by way of
lease the Schedule ‘A’ property to the Lessee, for the Lessee to have and hold the same exclusively
for the purpose given.
2. TERM AND TENURE
The Lease shall be for a period of 36 months with effect from date 10/07/2025 (hereinafter referred
to as the “Effective Date”) and ending on the 09/07/2028. The monthly rental shall start from
10/07/2025.
The Lessor hereby agrees to provide to the Lessee the facilities as mutually agreed.
On the expiry of the Term, this Agreement shall at the option of the parties, if they so desire, be
renewed for further term (as agreed between the Parties) on the terms and conditions as may be
mutually agreed by them subject to execution of a fresh lease Agreement. However, Security
Deposit will always remain the same throughout the period of occupation.
Any amendment to this Lease Agreement will be subject to the mutual consent of the Parties in
writing.
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3. LEASE RENTALS
In consideration of the Lessor having leased the Schedule ‘A’ property to the Lessee, and
covenanting exclusive, quiet and peaceful enjoyment by the Lessee of the Schedule ‘A’ property for
the entire duration of the Lease Term, for purpose given, the Lessee agrees to pay a monthly rent to
the Lessor, a sum of Rs. 31500 /- (Rupees Thirty one Thousand five hundred Only) and
maintenance charges will be 2/- per sqft ( 740*2=1480 Super Area) subject to tax deducting at
source.
For avoidance of doubt, it is clarified that the rent shall become payable from the date of sign off by
both Lessor and Lessee (in writing) based on the approved Layout as agreed upon by Lessor and
Lessee or as mutually agreed.
3.1 All payments shall be made in favour of the Lessor by 10th of the following calendar month by way of
NEFT transfer in A/C No. 490210100015848 Bank Of India, BKID0004902 in favour of Sampati
Singh.
4. SECURITY DEPOSIT
That as a refundable interest free security for the said assurance or obligation of the Lessee, as well
as the security for the performance and observance of the terms and conditions of this Agreement,
the Lessee shall a sum of Rs. 94500/- (Rupees Ninty four Thousand five hundred Only) with the
Lessor. A sum of Rs.94500 has been paid to Lessor by Lessee vide UTR No. ---------------------------
dtd. ----------------------- . The Lessor acknowledges the receipt for the same.
The Security Deposit shall be refunded by the Lessor to the Lessee by a bank draft or fund transfer
on the expiry or termination of this Agreement (whichever is earlier), simultaneously with the Lessee
handing over vacant and peaceful possession of the Premises to the Lessor in the same condition as
it was handed over to the Lessee, subject to damages caused by reasonable wear and tear,
irresistible forces and / or circumstances beyond the control of the Lessee. If the Lessor refuses to
refund the security deposit upon being offered the vacant and peaceful possession of the Schedule
‘A’ property, the Lessee shall be entitled to hold the possession of the Schedule ‘A’ property till the
time the security deposit is refunded with interest @ 24% per annum and without having any liability
to pay rent for such period.
5. ELECTRICITY, OUTGOINGS CHARGES AND OTHER TAXES
5.1 The Lessor confirms that the Lessor will provide commercial electric load of 6 KW at demised
premises to the Lessee at its own. If there is a demand for additional load by the Lessee, the Lessor
will provide the same to the Lessee at its own cost. Further, the Lessor will also ensure uninterrupted
supply of water in the demised premises and shall pay municipal, property and other taxes payable
in respect of the Premises to the concerned authorities during the Term.
5.2 The Lessee shall pay to the relevant authorities all electricity & water charges (on actual basis) in
respect to the electricity & water consumed by the Lessee, in the demised premises, during the term
commencing from the effective date in accordance with the bills, as issued by the relevant authorities
from time to time and as per the reading of the separate electricity & water meters provided for the
demised premises. The Lessee shall keep a photocopy of all such bills and hand over the originals
to the Lessor every month. It is understood that the electricity meter are being handed over to the
Lessee on as is where is basis and the meter reading on the effective date has been recorded by the
parties. The parties agree and acknowledge that under no circumstances the Lessee can be
required to pay electricity charges for the period prior to effective date.
5.3 The Lessee shall pay to the concerned authorities all telephone charges and other charges for any
services availed by the Lessee including cable television and broadband services availed by the
Lessee The parties agrees and acknowledge that under no circumstances, the Lessee can be
required to pay the telephone charges and other charges for services availed prior to the effective
date.
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6 REPAIRS AND MAINTENANCE
The Lessee, at its own cost, shall attend to minor repairs of fuses, bulbs, Air Conditioners, leakage of
taps, and replacement of minor consumable parts and such other minor repairs, not involving any
structural alteration within the Premises. All structural repairs such as drainage system, seepage on
the walls, cracks in the structure or any kind of structural defect shall be the responsibility of the
Lessor. Such repairs, as may be required, shall be carried out within ten (10) calendar days of
intimation by the Lessee. Upon the failure of the Lessor to carry out the necessary repairs within said
ten (10) days, the Lessee may carry out the repairs on its own cost and expense and in such an
event the Lessee shall be entitled to adjust all costs/expenses in respect thereof from the rent
payable to the Lessor.
However, in case there is any damage to the structure of the Schedule ‘A’ property which the Lessor
alleges to have occurred due to negligence of the Lessee, then Lessee shall appoint an architect
who shall determine the cause of the damage and in case it is so ascertained that the damage has
been caused due to the fault on the part of Lessee then in that case the Lessee shall get the same
repaired at his own cost. And in case damage is not attributable to the Lessee in such case the
Lessor shall make the repairs only and the cost of the architect shall also be borne by the Lessor
exclusively.
The Lessee shall not be held responsible for any damage occurring to the said Premises by any ‘Act
of God’ and / or due to any cause beyond its control.
7. TAXES
The Lessor covenant that all taxes, cesses, outgoings, fees, whatsoever in respect of the Schedule
‘A’ property have been paid up to date. The Lessor as owner will continue to bear and pay
property/house/municipal taxes and all other applicable taxes, cesses, outgoings, fees, in respect of
the Schedule ‘A’ property, for the duration of this Lease.
8. INDEMNITY
The Lessor represents and warrants to the Lessee that he is the legal owner of the Premises and is
fully entitled to execute this Lease Agreement and grant the Premises on lease to the Lessee for the
Term, and that it shall hold the Lessee free and harmless of any demand, claim, action or proceeding
by others in respect of quiet and peaceful enjoyment of the Premises. Notwithstanding anything
contained in this Agreement the liability of the Lessee shall be limited to one (1) month rent paid by
the Lessee to the Lessor prior to giving rise to any such event.
9. COVENANTS, RIGHTS AND OBLIGATIONS OF THE LESSEE
9.1 The Lessee shall not do or cause or allow or permit to be done in or around the Premises, anything
of an illegal or immoral nature.
9.2 The Lessee, its employees, clients, customers, associates, invitees, suppliers, contractors and
visitors of all kind whatsoever relating to the Lessee's business shall have free and unimpaired
access to the Premises at all times, subject to security concerns.
9.3 The Lessee shall be entitled to display its own or its customer or Vendor signs, name plates, logos
and signboards on the Premises and on the exterior of the building of the specified place and of size
in which the Premises is situated. The Lessee shall be liable to pay any additional charges for such
signs, nameplates, logo / sign boards, etc. to the Concerned Authority if any charges are applicable.
9.4 The Lessee shall have all the rights during the Term to enjoy the Premises peacefully as a tenant, to
use the entrances, staircases, corridors and passages, vacant space around the building in which
the Schedule ‘A’ property is situated for the purpose of ingress and egress to and from the Premises.
9.5 The Lessee shall regularly pay the Rent reserved at the time and in the manner aforesaid.
10. COVENANTS, RIGHTS AND OBLIGATIONS OF THE LESSOR
10.1 The Lessor covenants that it has proper title to the Premises including the land on which the Premises
is situated, and good right, full power and absolute authority to grant to the Lessee the Premises for
carrying on its business activities. The Lessor further covenants that it has not created any charge or
encumbrances of whatsoever nature on the Premises nor has it created any tenancy or lease or any
right in favor of any other person in respect of the Premises.
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10.2 The Lessee, on paying the Rent in the manner herein provided and on observing and performing the
covenants, conditions and stipulations herein contained, shall have unimpeded use, complete &
peaceful enjoyment and occupation of the Premises during the Term, without any let, obstruction,
interruption and/or disturbance whatsoever by the Lessor or any person or persons lawfully or
equitably claiming by, from or under it. The Lessor indemnifies and shall keep indemnified the
Lessee against all actions, proceedings, suits, claims, demands, losses, damages, costs, charges
and expenses incurred or suffered by the Lessee on account of any non-observance or non-
performance hereof by the Lessor.
10.3 The Lessor shall bear and pay all current and future municipal taxes, property taxes and other taxes,
levies, cesses, fire safety clearances and charges payable in respect of the Premises directly to the
concerned authorities. In the event that the Lessor fails to obtain any clearance, etc., and any
penalty or additional amounts are levied on the Lessee, the Lessor shall make good this amount to
the Lessee.
10.4 The Lessor shall pay Goods & Service Tax after collecting the same from the Lessee in respect of
the Premises during the Term directly to the authorities if applicable.
10.5 The Lessor has permitted the Lessee to get its registrations done from local govt. authorities (like
GST, Trade license, Factory License, Shops & Establishment registration etc.) to run it’s (Lessee’s)
business.
10.6 The Lessor shall keep the Schedule ‘A’ property insured against any loss or damage by fire, lighting
and earthquake etc. and other insurable risks with an insurance company of repute at its own cost.
Insurance should cover Schedule ‘A’ property, Building, fixtures and fittings etc. owned by the Lessor
and the Lessee will not be responsible for any insurance and/or claims in this regards. The Lessee
will be responsible only for taking insurance for the stock, equipment’s and gadgets owned by it and
its operations as such.
10.7 That the Lessee shall have the right to make suitable additions / alterations in the Schedule ‘A’
property to facilitate the Installation of Air Conditioners, V-SAT, Dish Antenna (at the roof top),
temporary sheds and any other equipment or gadgets that may be required by the Lessee in
connection with its business at its own cost as are deemed fit by the Lessee for the purpose of
carrying on its business conveniently. The Lessor shall not object to such installations and
alterations, subject to there should not be any structural changes. No written consent of Lessor shall
be required in this regard and the Lessor shall not raise any objection to installation of mentioned
equipments, gadgets etc. as long as the equipments installed will not damage / harm the structure of
the building; however the location for the same would be decided by the Lessee. Where such
installation requires an approval or sanction from any authority, the same shall be the responsibility
of the Lessee. The Lessor shall cooperate and furnish such certificates and affirmations as may be
required by the Lessee in order to secure the approval from the relevant authority.
10.8 That the Lessee shall have roof rights of the Schedule ‘A’ property and shall be free to use it for
placing signage, to place the units of air conditioning etc, or other use. In case of additional floor
being constructed, it is the duty of Lessor to shift the units of air conditioning belonging to lease to
the floor above at their own cost.
10.9 That in the event of the Lessor transferring the ownership of the Schedule ‘A’ property to anyone, the
ownership will be transferred subject to condition under the same terms and conditions with the new
owner and that all/any rights granted to the Lessee shall not be effected in any manner. In case the
sale of Schedule ‘A’ property a tripartite agreement shall be executed between the Lessor, Lessee &
the purchaser in favor of Lessee. Lessor shall guarantee that purchaser abides by all the terms and
conditions to it on the same terms and conditions as contained in this agreement.
11. GENERAL
The Lessee shall permit the Lessor or its duly authorized servants, agents, engineers, workmen and
all other persons authorized by Lessor to enter upon the Premises at all other persons authorized by
Lessor to enter upon the Premises at all reasonable times during working hours after previous
reasonable notice to the Lessee for viewing and inspecting the condition of the Premises.
The Lessee may obtain its own telephone or internet connections in the Premises for its use. The
Lessor shall extend to the Lessee such consents, assistance and co-operation as may reasonably
be required by the Lessee to obtain the same. The Lessee shall be entitled to install air conditioners
and fitting and fixtures, cables, pipes, etc. as part of interior renovation of the Premises without
causing any damage to the existing assets.
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It is agreed between the parties that the Lessor will ensure adequate electricity connection/ load for
smooth running of the office on terms to be agreed. As agreed, the Lessor has assured to provide
adequate power as required by Lessee.
The Lessee shall be entitled to assign or sub-let or otherwise allow use and occupation of the
Premises or any part thereof to its business associates, affiliate and/or group companies but not
beyond the tenure of this lease as mentioned hereunder.
12. TERMINATION
During the subsistence of this Agreement, this Agreement may be terminated for any of the following
reasons:
12.1 If the Premises is destroyed by fire, earthquake, civil disturbance or other casualty making the
Premises unfit for further use, this Agreement, shall immediately be terminated at the option of the
Lessee upon giving notice, in writing to the Lessor within 7 days after such fire, earthquake, civil
disturbance or other casualty.
12.2 In the event, the Lessee commits breach of any of the terms and conditions herein contained and fails
within thirty (30) days to remedy or make good such breach on receipt of a notice in writing from the
Lessor specifying the breach complained of, then the Lessor shall be entitled to terminate the Agreement
by giving a further notice of thirty (30) days in writing.
12.3 In the event, the Lessor commits breach of any of the terms and conditions herein contained and fails
within thirty (30) days to remedy or make good such breach on receipt of a notice in writing from the
Lessee specifying the breach complained of, then the Lessee shall be entitled to terminate the
Agreement by giving a further notice of thirty (30) days in writing.
12.4 The Lessee cannot terminate this Agreement During the first 2 Months of the lease period i.e upto
09.09.2025 by giving advance termination notice of sixty (60) days to the Lessor. Post Termination
Notice, all two subsequent monthly rental payments will be adjusted out of the Security deposit.
12.5 The Lessor cannot terminate this agreement during the first 12 months of the lease period. i.e. upto
09/07/2026. After that, the Lessor can also terminate the lease by giving sixty (90) days’ notice to the
Lessee.
.
Unless terminated or renewed in accordance with the provisions of this Agreement, this Agreement shall
expire by efflux of time. No notice shall be required to be given by either Party in the event of expiration of
this Agreement by efflux of time.
13. CONSEQUENCES ON TERMINATION:
Upon expiration or termination of this Agreement as the case may be, the Lessee agrees and
undertakes to remove, itself, its servants and agents and all their articles and effects from the
Premises and hand over to the Lessor vacant and peaceful possession thereof in the substantially
same condition as the Lessee received it from the Lessor subject to damages caused by reasonable
wear and tear, Acts of God and circumstances beyond the control of the Lessee.
The Lessor agrees to hand over the Security Deposit via a demand draft to the Lessee
simultaneously to the Lessee vacating the Premises. If the Lessor fails to hand over the entire
Security Deposit after deducting mutually agreed pending dues of lessee, the Premises will be held
by the lessee until such time the Security Deposit is handed over to the Lessee and the Lessee shall
be under no obligation to pay the Rent and any other charges to the Lessor for the duration of delay
caused by Lessor. An interest rate of 10% per annum will be charged on the Security Deposit
amount for the days of delay and Lessor agrees to pay the same to the Lessee, from the date of
termination/expiry of the lease, subject to recovering and defraying of any arrears and lawful dues to
them by the Lessee.
14. SUB LEASE & ASSIGNMENT
The Lessee shall with prior written intimation to the LESSOR be entitled to sub-lease or transfer the
lease-hold interest in the Premises, or induct any third party in the Premises or part with possession, in
respect of the whole or part thereof. Without prejudice to the LESSOR’s right to claim Rent from the
Page 5 of 8
Lessee, use of the Premises by an affiliate or associate or group company or subsidiary of the Lessee
is also permitted. Change of name, ownership or control or merger, amalgamation or restructuring of
the Lessee at any time during the Term shall not be deemed to be sub-letting and would not require
any prior intimation.
15. FORCE MAJEURE
In case the Licensed Premises or any part thereof is destroyed or damaged by force majeure event,
such as fire, riot and civil commotion, enemy action and such like, not within the control of the parties
hereto, so as to be wholly or partially unfit for the use of the Lessee then the rents hereby reserved or
proportionate part thereof, according to the damage sustained shall cease to be payable from the time
of such destruction or damage until the said portion of the Licensed Premises shall be restored by the
LESSOR to the same position it was in before the happening of the force majeure event. The
LESSOR shall after such restoration, be bound to put the Lessee, if opted for by the Lessee, in
possession of the Leased Premises and the Lease period shall be extended by such time as the said
Leased Premises were not available for use by the Lessee due to the damage as above. However, if
the damages is caused to the Leased Premises or the Leased Premises is destroyed due to
negligence on the part of the Lessee or its Affiliates or their employees, visitors/ agents / workmen the
cost of such restoration shall be payable by the Lessee and the Lessee shall also be liable to continue
to pay the rents of the Leased Premises during the period the restoration is carried out by the Lessee
to the Leased Premises.
16. SALE BY THE LESSOR
If the LESSOR at any time during the term of the Lease sells, assigns and/or otherwise transfers their
rights in the Demised Premises or any portion thereof in favour of a third party, the Lessee shall be
atoned as the tenant of such transferee or transferees (the “New Owner/s”) on the same terms and
conditions as are contained herein. An agreement shall be executed between the LESSOR, Lessee
and the New Owner/s confirming that the LESSOR has paid and transferred the full Security Deposit
to the new Owner/s. Such New Owner/s shall thereafter be liable to the Lessee for the refund of
Security Deposit to the extent provided herein and other obligations as per the terms of this Lease
Agreement.
17. PARKING
Parking space of (1cars & 2bikes) will be available in beside of building area without any charges/free
of cost.
18. Stamp Duty and Registration Charges
All expenses for registration and execution of this Lease Deed viz., stamp duty, etc. shall be borne
by both the parties equally in a ratio of 50:50.
19. NOTICE
Any notice or communication given or required to be given under this Agreement by one party to the
other shall be sufficiently served if sent by registered post A.D. or couriered to the following
addresses which, in turn, may also be changed by a similar notice:
TO LESSOR: Smt. Sampati Singh
Laxmi Apartment Flat No. 201
Anantpur 3rd lane near railway overbridged
Ranchi Doranda - 834002
TO LESSEE: Mr. Deven Sharma.
Authorised Signatory
QDigi Services Limited
4th Floor of Bldg. EOAI C-56A/25, Sector-62,
Noida, Uttar Pradesh – 201 301
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20. GOVERNING LAW AND JURISDICTION
Any disputes or differences of any kind whatsoever arising between the Parties arising out of this
Agreement shall if not amicably resolve shall be subject to the jurisdiction of the Courts at Ranchi.
This Agreement shall be construed in accordance with the laws applicable in India.
IN WITNESS WHEREOF, THE PARTIES ABOVE REFERRED HAVE EXECUTED THESE PRESENTS ON
THE DAY OF ABOVE WRITTEN
For and on behalf of For and on behalf of
LESSOR - Qdigi Services Limited
(PAN No. AACCH9538H)
Name – Smt. Sampati Singh
Signature: ___________
Signature :
PAN No. AODPS8493M
Name : Deven Sharma
Designation : Owner of property Designation : Authorised Signatory
Date : Date :
Witness : Witness :
Name and address : 1. ________ Name and address
SCHEDULE ‘A’ PROPERTY
All that piece and parcel of land bearing situated at Shop. No. 4 on Second Floor, Nile Complex, Kantatoli
Ranchi Jharkhand 834001 totally measuring 667 square feet (carpet area) and 740 Sqft Super buildup Area
in the Schedule ‘A’ Property, and is bounded on the:
East by : ____________________
West by : ____________________
North by : ___________________
South by : ___________________
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ANNEXURE – 1
Specifications by the Lessor in the Premises and other facilities to be provided to the Lessee
Terms & Clauses Descriptions
1 car reserved parking at
Car Parking charges
the basement.
Front toughened Glass (ozone) Available
Iron Rolling shutter Available
Electricity connection 6 KW available
False Ceiling (Gypsum board duly painted
As existing condition.
white color & fixtures)
Washroom facility Common
Flooring Available (light cream)
Plastic / Enamel paint on walls (Asian &
As existing condition.
Nerolac paint)
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