1. The LESSEE and the LESSOR shall have the right and option to terminate this Lease at any time only after the expiry of the lease period i.e., 24 months, provided they give ONE (1) month notice in advance to either of the parties.
2. The meter reading of various utilities are as given below:-
UTILITY METER NUMBER TODAY’S READING
a) ELECRICITY ———————— ————————
b) GAS ———————— ————————
c) TELEPHONE ———————— ————————
d) WATER ———————— ————————
3. That the LESSEE has also agreed with the LESSOR for a mandatory increase in rent by 10% per annum, the rent would be enhanced to Rs.36,300/-( Rupees Thirty Six Thousand and Three Hundred Only), should the LESSOR and I ESSEE mutually to renew the Lease. It can be negotiated between the parties.
WHEREOF THE PARTIES hereto have executed these presents on the and day above written.
LESSSOR:__________________________
Mrs. Ghazala waheed
NIC NO._______________________
LESSEE__________________________
Mr.****
Chinese passport no.___________________