TENANCY AGREEMENT (Commercial Space)

This Agreement of Lease is made on the 1st April, 2025, of the English Calendar.

BETWEEN
Mr. Mahmudul Hasan, S/O: Md. ———–, Owner of 2nd Floor (Business Plaza) 45/A, Green Road, Dhanmondi, Dhaka-1205, Hereinafter, referred to as the “OWNER of The Commercial Space” the FIRST PARTY (which expression shall unless excluded by or repugnant to the context include heirs, administrators, assignees, and legal representatives) of the 1st party.

AND
RK Enterprize, Represented by Mr. Md Jalam mia , Hereinafter called the “TENANT” (which expression shall unless excluded by or repugnant to the context include their heirs, executors, administrators, assignees, and legal representatives) of the 2nd party.

WHEREAS the 1st party is the owner of the 3500 SFT Commercial Space situated at House # 45/A, (Business Plaza, 2nd Floor) Green Road, Dhanmondi, Dhaka-1205, Bangladesh.

And WHEREAS the OWNER has agreed to grant to the TENANT and the TENANT has agreed to accept from the OWNER the aforesaid premises (2nd floor) a Room or seat of total space for commercial purposes only on lease subject to the terms and conditions hereinafter contained as under:

NOW THIS DEED WITNESS AND THE PARTIES HERE TO MUTUALLY AGREE AS FOLLOWS:

In consideration of the rent conditions hereinafter contained, the OWNER does hereby lease to the TENANT, the demised premises, “to hold the demised premises” up to and for the use of the TENANT for the period of Five (5) years commencing from 01.04.2025 until 31.03.2030.

The rent of the said leased premises shall be Tk.15,000/- (Fifteen Thousand) only per month. Monthly rent shall be paid by the TENANT directly to the OWNER or to his authorized representative by Cash/Cheque by the 10th day of every month according to the English Calendar.

Value Added Tax and any further rates, taxes, and levies will be charged as per Government rules and regulations exclusively for the leased premises or any part thereof.

Tk.15,000/- (Fifteen Thousand) only will be deposited to the OWNER by TENANT as security money. In case of any damage done by the TENANT, it will be borne by the TENANT and will be adjusted from the security deposit. No interest/profit will be given to the TENANT on the security money.

Two (2) months advance payment is required. This advance will be adjusted with the last two months’ rent. At present, no fixed Monthly Service/Maintenance charge applies.

The TENANT shall not pay any utility bills such as Electricity, Gas (if applicable), WASA Bill (Proportionately), Telephone & Cable Bill.

The TENANT defaulting on the monthly rent will be treated as a defaulter and as well as will be treated as a violator of this Tenancy Agreement. Simultaneously, the balance of the advance security money will be adjusted without any questioning.

The TENANT agrees to pay the rent in the manner aforesaid and not to decrease it during the lease period and not to use the premises for any illegal purpose.

The TENANT shall not make any structural alteration or structural addition to the said premises without the written permission of the OWNER.

The TENANT after performing all the covenants of the agreement will enjoy the said premises without any hindrance or interruption by the OWNER.

The TENANT must maintain a peaceful atmosphere in the premises having cordial relationships with other occupants in the building. The TENANT must not engage in any antisocial, anti-religious, immoral activities, or any other activity subversive to the environment/law.

The TENANT must not use the demised premises for the storage of any items which may initiate damage to the building or cause health hazards for its residents.

The Lease of the demised premises will be terminated by two months’ written notice by the TENANT, and at the end of the notice period, the premises will have to be vacated by the TENANT peacefully. During these two months, the TENANT agrees to make the premises available to the OWNER or his agents at mutually agreeable times for arranging prospective tenants. Similarly, the OWNER shall be able to terminate this Lease Agreement before the expiry of the lease by giving/serving two months prior notice in writing.

The TENANT shall be entitled to install air conditioners and all other appliances and fixtures that may be desired in the leased premises.

The TENANT shall use the demised premises for commercial purposes only and shall not sublet any portion of the premises.

At the end of this Lease or prior termination, therefore, the TENANT will hand over the premises to the OWNER or his authorized person in the same condition as that in which the TENANT took them, except for ordinary wear and tear.

The TENANT has permission to use the meeting room when necessary. Additionally, general facilities like the washroom and waiting room can be used. The classroom and lab will be used jointly by the OWNER and the TENANT.

As this is a co-working space, no activity that disturbs others, causes excessive crowding, or includes exhibitions will be allowed.

Prior permission is required to use any furniture. If the TENANT brings in personal furniture, they must notify the OWNER. If the TENANT wishes to remove any personal furniture, they must obtain approval and a gate pass.

SCHEDULE
All that part and parcel of the premises located at 2nd Floor (Business Plaza), 45/A, Green Road, Dhanmondi, Dhaka-1205, having a Seat and Room with Meeting room and other facilities of 3500 SFT Commercial Spaces.

In witness whereof, the above-mentioned OWNER and the TENANT do hereby subscribe their respective hands and seal the day, month, and year first above written.

This agreement is typed and completed in 3 (three) pages and attested by 2 (two) witnesses.

OWNER

TENANT

Witness:

Signature:

Date:

Name:

Address:

Signature:

Date:

Name:

Address:

Courtesy: Jahangir Alam Shovon