Property Type: Residential Gated Building of 24 Flats of 1BHK each.
Age of the Building: Brand New Unused
Furnishing Status: Semi-Furnished
Possession Date: 15th November 2022
Rent-free period: 30 Days.
Leave and License period: 5 years (60 months)
Lock-in-Period: 3 Years (36 Months)
License Fee Rs.5,00,000/- + GST per month. (Non-Negotiable)
License fee Escalation: 3% per annum.
Refundable Security Deposit: 4 Months License Fee (Total Rs.20,00,000/-)
Day-to-day Maintenance of the property is to be done by the Licensee.
Electricity Bills are to be paid by the Licensee at actual.
Municipal Property Tax to be paid by the Licensor.
Terms of lease renewal: Can be renewed mutually after successful completion of 5 Years term.