LEAVE AND LICENSE AGREEMENT
Particulars Amount Paid GRN/Transaction Id Date
Stamp Duty Rs. 5489.30/- MH002318327202425P 21/05/2024
DHC Rs. 300/- 0524217004797 21/05/2024
Registration Fee Rs. 1000/- MH002318327202425P 21/05/2024
LEAVE AND LICENSE AGREEMENT
This agreement is made and executed on 21/05/2024 at Vashi Navi Mumbai
Between,
1) Name: Mrs Shobha Sheenappa Shetty, Age : About 68 Years, PAN : AUCPS4993C Residing at: Flat
No:A-507, Floor No:5th, Building Name:Applause Nirmal Life Style, Block Sector:/Vadavali, Road:-,
Ambivali West Kalyan, Thane, Maharashtra, 421102
2) Name: Mr.Sheenappa Mudayoor Shetty, Age : About 76 Years, PAN : AOYPS6265F Residing at: Flat
No:A-507, Floor No:5th, Building Name:Applause Nirmal Life Style, Block Sector:/Vadavali, Road:-,
Ambivali West Kalyan, Thane, Maharashtra, 421102
HEREINAFTER called ‘the Licensors (which expression shall mean and include the Licensorsabove
named and also their respective heirs, successors, assigns, executors and administrators)
AND
1) Name: Mr.Deven Kiran Shah Proprietor Of Radds Enterprises, Age : About 44 Years, PAN :
APBPS0227B Residing at: Flat No:803, Floor No:8th, Building Name:Raj Uday Co op Hsg. Soc. Ltd.,
Block Sector:Sector No 1, Road:/Plot No 109, Sanpada Navi Mumbai, Thane, Maharashtra, 400705
HEREINAFTER called ‘the Licensee’ (which expression shall mean and include only Licensee above
named).
WHEREAS the Licensors are absolutely seized and possessed of and or otherwise well and sufficiently
entitled to all that constructed portion being unit described in Schedule I hereunder written and are hereafter
for the sake of brevity called or referred to as Licensed Premises and is/are desirous of giving the said
premises on Leave and License basis under Section 24 of the Maharashtra Rent Control Act, 1999.
AND WHEREAS the Licensee herein is in need of temporary premises for Non-Residential use has/have
approached the Licensors with a request to allow the Licensee herein to use and occupy the said premises on
Leave and License basis for a period of 60 Months commencing from 16/06/2024 and ending on
15/06/2029, on terms and subject to conditions hereafter appearing.
AND WHEREAS the Licensors has agreed to allow the Licensee herein to use and occupy the said Licensed
premises for his aforesaid Non-Residential purposes only, on Leave and License basisfor above mentioned
period, on terms and subject to conditions hereafter appearing;
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LEAVE AND LICENSE AGREEMENT
NOW THEREFORE IT IS HEREBY AGREED TO, DECLARED AND RECORDED BY AND
BETWEEN THE PARTIES HERETO AS FOLLOWS:-
1) Period: That the Licensors hereby grants to the Licensee herein a revocable leave and license, to occupy
the Licensed Premises, described in Schedule I hereunder written without creating any tenancy rights or any
other rights, title and interest in favour of the Licensee for a period of 60 Months commencing from
16/06/2024 and ending on 15/06/2029
2) License Fee & Deposit:That the Licensee shall pay to the Licensors the following amount per month
towards the compensation for the use of the said Licensed premises.
a) Rs. 28000/-(Twenty-Eight Thousand Only) per month for the first 12 months,
b) Rs. 30800/-(Thirty Thousand Eight Hundred Only) per month for the next 12 months,
c) Rs. 33880/-(Thirty-Three Thousand Eight Hundred and EightyOnly) per month for the next 12 months,
d) Rs. 37268/-(Thirty-Seven Thousand Two Hundred and Sixty-EightOnly) per month for the next12
months,
e) Rs. 40994/-(Forty Thousand Nine Hundred and Ninety-FourOnly) per month for the next 12 months.
The amount of monthly compensation License fee shall be payable within first five days of the concerned
month of Leave and License. Licensees shall also pay to the Licensor Rs. 168000 interest free refundable
deposit, for the use of the said Licensed premises.
3) Payment of Deposit:1] That the Licensee have paid / shall pay the above mentioned deposit/premium
as mentioned above by Transaction Reference No. SVCBX24134863251, dated
– 13/05/2024, drawn on the Licensee’s Banking Account with Shamrao vithal co-op bank ltd Bank, Sanpada
navi mumbai Branch. Amount Rs.21000/-(Twenty-One Thousand Only) 2] That the Licensee have paid /
shall pay the above mentioned deposit/premium as mentioned above by Transaction Reference No.
SVCBY24142085443, dated – 21/05/2024, drawn on the Licensee’s Banking Account with Shamrao vithal
co-op bank ltd Bank, Sanpada navi mumbai Branch. Amount Rs.147000/-(One Lakh Forty-Seven Thousand
Only)
4) Maintenance Charges: That the all outgoings including all rates, taxes, levies, assessment,
maintenance charges, non occupancy charges, etc. in respect of the said premises shall be paid by the
Licensors.
5) Electricity Charges: The licensee herein shall pay the electricity bills directly for energy consumed
on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills
are paid.
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LEAVE AND LICENSE AGREEMENT
6) Use: That the Licensed premises shall only be used by the Licensee for Non-Residential purpose.The
Licensee shall maintain the said premises in its existing condition and damage, if any, caused to the said
premises, the same shall be repaired by the Licensee at its own cost subject to normal wear and tear. The
Licensee shall not do anything in the said premises which is or is likely to cause a nuisance to the other
occupants of the said building or to the prejudice in any manner to the rights of Licensors in respect of said
premises or shall not do any unlawful activities prohibited by State or Central Government .
7) Alteration: That the Licensee shall not make or permit to do any alteration or addition to the
construction or arrangements (internal or external) to the Licensed premises without previous consent in
writing from the Licensors.
8) No Tenancy: That the Licensee shall not claim any tenancy right and shall not have any right to transfer,
assign, and sublet or grant any license or sub-license in respect of the Licensed Premises or any part thereof
and also shall not mortgage or raise any loan against the said premises.
9) Inspection: That, the Licensors shall on reasonable notice given by the Licensors to the Licensee shall
have a right of access either by themselves or through authorized representative to enter, view and inspect
the Licensed premises at reasonable intervals.
10) Lock in period: Both the parties have agreed to set a lock-in period of 36 months during which neither
the Licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the premises on his
own during the lock-in period.In spite of this mandatory clause, if the licensee leaves the premises for
whatsoever reason, he shall pay to the Licensor license fee for the remaining lock-in period at the rate of
agreed upon in the agreement. On the other hand, Licensor shall compensate the Licensee for loss and
inconvenience caused to the Licensee if he has been asked to vacate the premises.
11) Cancellation: That, Subject to the condition of lock in period (if any), if the Licensee commits default
in regular and punctual payments of monthly compensation as herein before mentioned or commit/s breach
of any of the terms, covenants and conditions of this agreement or if anylegislation prohibiting the Leave and
License is imposed, the Licensors shall be entitled to revoke and / or cancel the License hereby granted, by
giving notice in writing of one month and the Licensee too will have the right to vacate the said premises by
giving a notice in writing of one month to the Licensors as mentioned earlier.
12) Possession: That the immediately at on the expiration or termination or cancellation of this
agreement the Licensee shall vacate the said premises without delay with all his goods and belongings. In the
event of the Licensee failing and / or neglecting to remove himself and / or his articles from the said premises
on expiry or sooner determination of this Agreement ,the Licensors shall be entitled to recover damages at
the rate of double the daily amount of compensation per day and or alternatively the Licensors shall be
entitled to remove the Licensee and his belongings from the Licensed premises, without recourse to the
Court of Law.
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LEAVE AND LICENSE AGREEMENT
13) Miscellaneous: Licensee shall pay to the Licensor Rent First 10 Days of the Month and Cheque return
or Dealey fine charges 500 Per Day The Licensees Should Provide GST Address Transfer Proofs Within
After The Refund Of Deposit Will Be Initiated Thereafter. The Licensee Hereby Covenants With To Duly
And Punctually Pay The GST Tax / Service Tax/ Sales Tax / Vat Tax / Charges During The Terms Of This
Agreement In Respect Of Said Office Premises. The Receipts Will Be Handed Over To The Licensor, Upon
Completion Of The Terms Of This Agreement Or Termination Thereof Before The Completion Of The
Term. If the additional property tax imposed by municipal corporation due to renting of premises will be paid
by Licensee to Licensor.
14) Registration: This Agreement is to be registered and the expenditure of Stamp duty and registration
fees and incidental charges, if any, shall be borne by the Licensee and Licensorequally .
SCHEDULE I
(Being the correct description of premise Office which is the subject matter of these presents) All that
constructed portion being Non-Residential unit bearing Office No. /Unit No Z- 2101, Built-up
:317.49 Square Feet, situated on the 2nd Floor of a Building known as 'AKSHAR BUSINESS PARK,
Z Wing, D Block, Phase-III' standing on the plot of land bearing Plot Number :3,Road: -, Location: Sector-
25, Vashi, Navi Mumbai 400 705, of Village:Vashi,situated within the revenue limits of Tehsil Thane
and Dist Thane and situated within the limits of Navi Mumbai Municipal Corporation.
IN WITNESS WHEREOF the parties hereto have set and subscribed their respective signatures by way of
putting thumb impression electronic signature hereto in the presence of witness, who are identifying the
executants, on the day, month and year first above written.
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LEAVE AND LICENSE AGREEMENT
Name & Address Photo Thumb Verified Digitally
signed
Licensors
Mrs Shobha Sheenappa Shetty
Address:Flat No:A-507, Floor No:5th, Building
Not Available
Name:Applause Nirmal Life Style, Block
Sector:/Vadavali, Road:-, Ambivali West Kalyan,
Thane, Maharashtra, 421102
Licensors
Mr.Sheenappa Mudayoor Shetty Address:Flat
No:A-507, Floor No:5th, Building Name:Applause
Not Available
Nirmal Life Style, Block
Sector:/Vadavali, Road:-, Ambivali West Kalyan,
Thane, Maharashtra, 421102
Licensee
Mr.Deven Kiran Shah Proprietor Of Radds
Enterprises
Address:Flat No:803, Floor No:8th, Building Not Available
Name:Raj Uday Co op Hsg. Soc. Ltd., Block
Sector:Sector No 1, Road:/Plot No 109, SanpadaNavi
Mumbai, Thane, Maharashtra, 400705
Witness of execution of all executants
Yashesh Harish Dharod
Address: Building Name:Grohitam Premises,
Not Required
Block Sector:Sector No 19, Road:-, Vashi Navi
Mumbai, Thane, Maharashtra, 400703
Witness of execution of all executants
Vithoba B Dhagnar
Address: Building Name:Shramik Society, Block
Not Required
Sector:Sector No 20, Road:-, Kharghar Navi Mumbai,
Raigarh(mh), Maharashtra, 410210
Admission Of Execution / Identification
The following parties have admitted that they have executed the Agreement of Leave and Licenses & the
identifires have stated that they are well acquainting to the said parties.They have given their consent to,
Department of Stamp and Registration,Maharashtra State to obtain their Aadhaar number, Name and
fingerprint for authentication with UIDAI and their identity has been verified with the UIDAI.
Registered as Document No.12811/2024 at the Joint S.R.Thane 8 on 28/05/2024 Page 5 of 6
LEAVE AND LICENSE AGREEMENT
Type of Party, Date & Time of Date ,Time of Information received from
Name & UID Admission Verification UIDAI(Name,Gender,Aadhaar/Ref No,Photo)
with UIDAI
Licensors
Mrs Shobha 22/05/2024 22/05/2024 Shobha Sheenappa Shetty, Female,
Sheenappa 11:39:39 AM 11:40:13 AM 1242721130403880960
Shetty
Licensors
Sheenappa 22/05/2024 22/05/2024 Sheenappa Mudayoor Shetty,
Mudayoor 11:41:12 AM 11:42:10 AM Male, 1242721621594628096
Shetty
Licensee
Deven Kiran
21/05/2024 21/05/2024 Deven Kiran Shah, Male,
Shah Proprietor
12:11:25 PM 12:12:07 PM 1242361049715920896
Of Radds
Enterprises
identifier for all
executants 21/05/2024 21/05/2024 Yashesh Harish Dharod, Male,
Yashesh Harish 11:50:33 AM 11:51:04 AM 1169933167429767168
Dharod
identifier for all
executants 21/05/2024 21/05/2024 Vithoba Bahadur Dhangar, Male,
Vithoba B 11:52:07 AM 11:52:37 AM 1168794702096977920
Dhagnar
Thumb Impression of SRO
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