Common use of OWNER’S COVENANTS Clause in Contracts

OWNER’S COVENANTS. The OWNER hereby covenants that PROPTENSION INDIA PVT LTD/ Lessee paying the rents hereby reserved and observing all the undertakings and covenants incorporated herein, shall be entitled to enjoy quiet and peaceful possession of the Scheduled Premises during the term of, without any objection or interference whatsoever from the OWNER or any person/(s) claiming through the OWNER. The OWNER has provided fittings& fixtures and agrees to install any fittings which come under the standard fitting like gyser/fan/lights/carton rods/bathroom fitting/Exhaust fans (and agreed upon prior to signing this agreement). Any damage caused due to PROPTENSION INDIA PVT LTD and/or the lessee’s Negligence will be borne by PROPTENSION INDIA PVT LTD / Lessee. The OWNER will bear the cost for the replacement of any fitting & fixtures which is not caused by negligence of PROPTENSION INDIA PVT LTD or the lessee and may be due to age of the appliances, major manufacturer fault, and power outrages out of warranty. The OWNER will bear the cost for any major repair work like seepage, pipe breakage, main water and electrical connections which can’t be a fault of PROPTENSION INDIA PVT LTD or the Lessee. It is agreed that replacements of all consumables such as, but not restricted to bulbs, locks etc will be done by PROPTENSION INDIA PVT LTD or the Lessee PROPTENSION INDIA PVT LTD is not responsible for any of OWNER’s personal belonging kept at the premises. If OWNER still wants to keep their personal belongings inside the premises, then the OWNER has to take the responsibility of the same and shall lock it properly. The OWNER has to provide the required copies of set of documents of title relating to the Schedule Premises as the same is required by PROPTENSION INDIA PVT LTD to furnish the same to their lessees. The OWNER shall co-operate with PROPTENSION INDIA PVT LTD at the time when PROPTENSION INDIA PVT LTD is negotiating with the potential lessee (for eg. the lessee can call up the OWNER and enquire that PROPTENSION INDIA PVT LTD has been authorized to let the Schedule premises, and collect the rents, security deposit etc. from lessees )The address for the purposes of services of notices to the OWNER shall be the address as given in this deed, unless any change of address is notified. Similarly, the address of PROPTENSION INDIA PVT LTD shall be the address given in this deed unless any change is notified.

OWNER’S COVENANTS. The OWNER hereby covenants that PROPTENSION INDIA PVT LTD/ Lessee LTD paying the rents hereby reserved and observing all the undertakings and covenants incorporated herein, shall be entitled to enjoy quiet and peaceful possession of the Scheduled Premises during the term ofof the PROPTENSION INDIA PVT LTD, without any objection or interference whatsoever from the OWNER or any person/(s) claiming through the OWNER. The OWNER has provided fittings& fixtures and agrees to install any fittings which come under the standard fitting like gyser/fan/lights/carton rods/bathroom fitting/Exhaust fans (and agreed upon prior to signing this agreement)whenever PROPTENSION INDIA PVT LTD asks for it. Any damage caused due to PROPTENSION INDIA PVT LTD and/or or the lesseesub-tenant’s Negligence will be borne by PROPTENSION INDIA PVT LTD / LesseeLTD. The OWNER will bear the cost for the replacement of any fitting & fixtures which is not caused by negligence of PROPTENSION INDIA PVT LTD or the lessee their tenant and may be due to age of the appliances, major manufacturer fault, and power outrages out of warranty. The OWNER will bear the cost for any major repair work like seepage, pipe breakage, main water and electrical connections connections, coil burnt in geyser, rewinding in fan which can’t be a fault of PROPTENSION INDIA PVT LTD or the LesseeSub-Tenant. It is agreed that replacements of all consumables such as, but not restricted to bulbs, locks etc will be done by PROPTENSION INDIA PVT LTD or the Lessee PROPTENSION INDIA PVT LTD is not responsible for any of OWNER’s personal belonging kept at the premises. If OWNER still wants to keep their personal belongings inside the premises, then the OWNER has to take the responsibility of the same and shall lock it properly. The OWNER has to provide the required copies of set of documents of title relating to the Schedule Premises as the same is required by PROPTENSION INDIA PVT LTD to furnish the same to their lesseestenants. The OWNER shall co-operate with PROPTENSION INDIA PVT LTD at the time when PROPTENSION INDIA PVT LTD is negotiating with the potential lessee tenant (for eg. the lessee tenant can call up the OWNER and enquire that PROPTENSION INDIA PVT LTD has been authorized to Sub-let the Schedule premises, and collect the rents, security deposit etc. from lessees )tenants) The address for the purposes of services of notices to the OWNER shall be the address as given in this deed, unless any change of address is notified. Similarly, the address of PROPTENSION INDIA PVT LTD shall be the address given in this deed unless any change is notified.

OWNER’S COVENANTS. The OWNER Owner hereby covenants with and Undertakes to) the Council as follows:- PERMIT FREE not to apply to the Council for a Parking Permit in respect of any of the Residential Units nor to knowingly permit any owner or occupier of the Residential Units to apply to the Council for a Parking Permit and if such a permit is issued in respect of any of the Residential Units the person to whom it is issued shall surrender it to the Council within 7 days of written demand that PROPTENSION INDIA PVT LTD/ Lessee paying all material used for advertising or marketing the rents hereby reserved Residential Units for letting or sale will notify prospective owners and observing all the undertakings and covenants incorporated herein, shall occupiers that they will not be entitled to enjoy quiet and peaceful possession apply for a Parking Permit in respect of the Scheduled Premises during Residential Units that in respect of every lease tenancy or licence to occupy granted in respect of any of the Residential Units the following covenant shall be imposed (or a covenant of substantially the same nature in respect of any tenancy agreement licence or other instrument entitling occupation of any of the Residential Units): “the lessee for himself and his successors in title being the owner or owners for the time being of the term of, without of years hereby granted hereby covenant with the lessor and separately with the Mayor and Burgesses of the Royal Borough of Kensington and Chelsea (“the Council”) not to apply for nor knowingly permit an application to be made by any objection or interference whatsoever person residing in the premises to the Royal Borough of Kensington and Chelsea for a residents parking permit in respect of such premises and if such a permit is issued then it shall be surrendered within 7 days of written request to do so from the OWNER or any person/(s) claiming through Council and this covenant shall also be enforceable by the OWNER. The OWNER has provided fittings& fixtures and agrees to install any fittings which come Council under the standard fitting like gyser/fan/lights/carton rods/bathroom fitting/Exhaust fans Contracts (and agreed upon prior Rights of Third Parties) Xxx 0000, section 1” to signing this agreement). Any damage caused due send to PROPTENSION INDIA PVT LTD and/or the lessee’s Negligence will be borne by PROPTENSION INDIA PVT LTD / Lessee. The OWNER will bear Executive Director a certified copy of the cost for lease within 10 working days of the replacement grant of any fitting & fixtures which is not caused by negligence of PROPTENSION INDIA PVT LTD or the lessee and may be due to age lease in respect of the appliances, major manufacturer fault, and power outrages out Residential Units IN WITNESS of warranty. The OWNER will bear which this Deed has been executed on the cost for any major repair work like seepage, pipe breakage, main water and electrical connections which can’t be a fault of PROPTENSION INDIA PVT LTD or the Lessee. It is agreed that replacements of all consumables such as, but not restricted to bulbs, locks etc will be done by PROPTENSION INDIA PVT LTD or the Lessee PROPTENSION INDIA PVT LTD is not responsible for any of OWNER’s personal belonging kept at the premises. If OWNER still wants to keep their personal belongings inside the premises, then the OWNER has to take the responsibility first date before written THE COMMON SEAL of the same and shall lock it properly. The OWNER has to provide MAYOR ) AND BURGESSES OF THE ROYAL ) BOROUGH of KENSINGTON AND ) CHELSEA was hereunto affixed ) in the required copies of set of documents of title relating to presence of:- ) Authorised Signatory EXECUTED as a DEED by ) XXXXX HOUSE SECURITIES LIMITED ) acting by a director ) ……..………………................................. in the Schedule Premises as the same is required by PROPTENSION INDIA PVT LTD to furnish the same to their lessees. The OWNER shall co-operate with PROPTENSION INDIA PVT LTD at the time when PROPTENSION INDIA PVT LTD is negotiating with the potential lessee (for eg. the lessee can call up the OWNER and enquire that PROPTENSION INDIA PVT LTD has been authorized to let the Schedule premises, and collect the rents, security deposit etc. from lessees )The address for the purposes of services of notices to the OWNER shall be the address as given in this deed, unless any change of address is notified. Similarly, the address of PROPTENSION INDIA PVT LTD shall be the address given in this deed unless any change is notifiedpresence of: ) Director Witness: ………………............................... Name: …………………................................ Address: ………………............................... …………….…………….................................. …………….……………..................................