{"component": "clause", "props": {"groups": [{"samples": [{"hash": "3B9WYfx53Vw", "uri": "/contracts/3B9WYfx53Vw#lease-rent", "label": "Lease Agreement (Freshworks Inc.)", "score": 32.6522941589, "published": true}], "snippet": "5.1. As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Lease Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:\n5.1.1. Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II.\n5.1.2. Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.\n5.2. The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor\u2019s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.\n5.3. Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 herein above.\n5.4. The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory Lessor\u2019s initial Lessee\u2019s initial However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment.\n5.5. The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.\n5.6. It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.", "snippet_links": [{"key": "grant-of-lease", "type": "clause", "offset": [44, 58]}, {"key": "the-demised-premises", "type": "clause", "offset": [62, 82]}, {"key": "to-the-lessee", "type": "clause", "offset": [97, 110]}, {"key": "lessee-covenants", "type": "clause", "offset": [116, 132]}, {"key": "during-the-lease-term", "type": "clause", "offset": [159, 180]}, {"key": "to-the-lessor", "type": "clause", "offset": [186, 199]}, {"key": "from-time-to-time", "type": "clause", "offset": [256, 273]}, {"key": "schedule-ii", "type": "definition", "offset": [330, 341]}, {"key": "due-and-payable", "type": "definition", "offset": [342, 357]}, {"key": "the-period", "type": "clause", "offset": [387, 397]}, {"key": "if-applicable", "type": "clause", "offset": [461, 474]}, {"key": "item-9", "type": "clause", "offset": [493, 499]}, {"key": "lessee-shall", "type": "clause", "offset": [614, 626]}, {"key": "lease-rent-commencement-date", "type": "definition", "offset": [636, 664]}, {"key": "rent-in-advance", "type": "clause", "offset": [693, 708]}, {"key": "day-of", "type": "clause", "offset": [739, 745]}, {"key": "notice-of", "type": "definition", "offset": [878, 887]}, {"key": "the-day", "type": "definition", "offset": [912, 919]}, {"key": "not-a-business-day", "type": "clause", "offset": [941, 959]}, {"key": "the-business", "type": "clause", "offset": [968, 980]}, {"key": "prior-to-the", "type": "clause", "offset": [985, 997]}, {"key": "a-month", "type": "definition", "offset": [1097, 1104]}, {"key": "the-commencement-date", "type": "clause", "offset": [1178, 1199]}, {"key": "the-relevant-commencement-date", "type": "definition", "offset": [1263, 1293]}, {"key": "in-clause", "type": "clause", "offset": [1348, 1357]}, {"key": "subject-to", "type": "definition", "offset": [1405, 1415]}, {"key": "by-the-lessee", "type": "clause", "offset": [1426, 1439]}, {"key": "laws-of-india", "type": "definition", "offset": [1478, 1491]}, {"key": "in-force", "type": "definition", "offset": [1502, 1510]}, {"key": "issued-by", "type": "clause", "offset": [1591, 1600]}, {"key": "furnish-to", "type": "clause", "offset": [1673, 1683]}, {"key": "deduction-of-tax", "type": "clause", "offset": [1713, 1729]}, {"key": "to-provide", "type": "clause", "offset": [1761, 1771]}, {"key": "financial-quarter", "type": "definition", "offset": [1822, 1839]}, {"key": "amount-of-tax", "type": "clause", "offset": [1979, 1992]}, {"key": "private-limited", "type": "clause", "offset": [2071, 2086]}, {"key": "authorized-signatory-authorized-signatory", "type": "clause", "offset": [2087, 2128]}, {"key": "initial-lessee", "type": "definition", "offset": [2138, 2152]}, {"key": "in-the-event-the", "type": "clause", "offset": [2172, 2188]}, {"key": "the-certificate", "type": "clause", "offset": [2243, 2258]}, {"key": "with-interest", "type": "definition", "offset": [2334, 2347]}, {"key": "per-cent", "type": "definition", "offset": [2365, 2373]}, {"key": "per-annum", "type": "definition", "offset": [2375, 2384]}, {"key": "due-date", "type": "definition", "offset": [2394, 2402]}, {"key": "date-of-payment", "type": "definition", "offset": [2412, 2427]}, {"key": "lessee-agrees", "type": "clause", "offset": [2438, 2451]}, {"key": "court-of-law", "type": "definition", "offset": [2502, 2514]}, {"key": "this-deed", "type": "clause", "offset": [2668, 2677]}, {"key": "the-consequences", "type": "clause", "offset": [2688, 2704]}, {"key": "set-out", "type": "definition", "offset": [2715, 2722]}, {"key": "sole-discretion", "type": "definition", "offset": [2739, 2754]}, {"key": "determine-the", "type": "clause", "offset": [2772, 2785]}, {"key": "the-building", "type": "definition", "offset": [2831, 2843]}, {"key": "leased-unit", "type": "definition", "offset": [2908, 2919]}, {"key": "location-of", "type": "definition", "offset": [2964, 2975]}, {"key": "duration-of", "type": "definition", "offset": [3011, 3022]}, {"key": "type-of", "type": "definition", "offset": [3066, 3073]}, {"key": "business-relations", "type": "clause", "offset": [3092, 3110]}, {"key": "mutual-interest", "type": "clause", "offset": [3115, 3130]}, {"key": "at-any-time", "type": "clause", "offset": [3257, 3268]}, {"key": "other-units", "type": "clause", "offset": [3300, 3311]}, {"key": "to-apply", "type": "clause", "offset": [3419, 3427]}, {"key": "lease-fees", "type": "definition", "offset": [3453, 3463]}, {"key": "or-equivalent", "type": "definition", "offset": [3473, 3486]}, {"key": "other-occupants", "type": "clause", "offset": [3510, 3525]}], "size": 6, "hash": "36666706473089e438720b5b0add3bac", "id": 3}, {"samples": [{"hash": "9Ru157JOBPT", "uri": "/contracts/9Ru157JOBPT#lease-rent", "label": "Sale Agreement", "score": 26.2594108582, "published": true}, {"hash": "ihjElYG1L1J", "uri": "/contracts/ihjElYG1L1J#lease-rent", "label": "Sale Agreement", "score": 25.8569469452, "published": true}, {"hash": "fLCjTUtzI6S", "uri": "/contracts/fLCjTUtzI6S#lease-rent", "label": "Sale Agreement", "score": 25.8569469452, "published": true}], "snippet": "The Allottee shall pay the rental charges under the Head Lease to the Burdwan Development Authority (BDA) in respect of the land comprised within the Bungalow for the residue period of the Head Lease as also its renewals, if any, to be revised upwards of every 5 (five) years as contained in the Head Lease without any deductions of whatsoever nature and/or kind.", "snippet_links": [{"key": "the-allottee-shall", "type": "clause", "offset": [0, 18]}, {"key": "rental-charges", "type": "definition", "offset": [27, 41]}, {"key": "head-lease", "type": "definition", "offset": [52, 62]}, {"key": "development-authority", "type": "definition", "offset": [78, 99]}, {"key": "in-respect-of", "type": "clause", "offset": [106, 119]}, {"key": "the-land", "type": "clause", "offset": [120, 128]}, {"key": "period-of", "type": "clause", "offset": [175, 184]}, {"key": "contained-in", "type": "definition", "offset": [279, 291]}], "size": 13, "hash": "2b0b17c1d40ae2f1a328b63c31d87978", "id": 1}, {"samples": [{"hash": "11jeBN1j6fC", "uri": "/contracts/11jeBN1j6fC#lease-rent", "label": "Lease Agreement", "score": 25.1067752838, "published": true}], "snippet": "The Lessee shall from the date of execution of this Agreement and during the term of first thirty years of Lease Period, pay Lease Rent to the Lessor at the rate of 2% (Two Percent) of the Total Land Premium along with GST and other applicable taxes per annum in advance before 1st day of April of every year during the Lease Period. However, the first payment of Lease Rent shall be for the period commencing from the date of execution of this Agreement till 31st March of the subsequent calendar year in which the Agreement is executed and the same shall be deposited by the Lessee at the time of execution of the Agreement. In the last year of subsistence of the Agreement, the Lease rent due shall be for the period from 1st April till the Agreement ceases to be in force. Provided that, on and with effect from the thirty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Lease Rent prevalent in the thirtieth year, as decided by the NRDA and similarly on and with effect from the sixty-first Year of this Agreement, the Lease Rent payable per annum shall stand increased maximum by 100% (Hundred Percent) of the Lease Rent prevalent in the sixtieth year, as decided by the NRDA, under the provisions of Chhattisgarh \u2587\u2587\u2587\u2587\u2587\u2587\u2587 Khsetra (\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 ka Vyayan) Niyam 2008 .", "snippet_links": [{"key": "lessee-shall", "type": "clause", "offset": [4, 16]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [34, 61]}, {"key": "term-of", "type": "clause", "offset": [77, 84]}, {"key": "thirty-years", "type": "clause", "offset": [91, 103]}, {"key": "to-the-lessor", "type": "clause", "offset": [136, 149]}, {"key": "rate-of", "type": "clause", "offset": [157, 164]}, {"key": "land-premium", "type": "definition", "offset": [195, 207]}, {"key": "other-applicable-taxes", "type": "definition", "offset": [227, 249]}, {"key": "per-annum", "type": "definition", "offset": [250, 259]}, {"key": "in-advance", "type": "clause", "offset": [260, 270]}, {"key": "day-of", "type": "clause", "offset": [282, 288]}, {"key": "during-the-lease-period", "type": "clause", "offset": [309, 332]}, {"key": "payment-of-lease-rent", "type": "clause", "offset": [353, 374]}, {"key": "the-period", "type": "clause", "offset": [388, 398]}, {"key": "commencing-from", "type": "clause", "offset": [399, 414]}, {"key": "calendar-year", "type": "definition", "offset": [489, 502]}, {"key": "by-the-lessee", "type": "clause", "offset": [570, 583]}, {"key": "execution-of-the-agreement", "type": "clause", "offset": [599, 625]}, {"key": "last-year", "type": "clause", "offset": [634, 643]}, {"key": "rent-due", "type": "clause", "offset": [687, 695]}, {"key": "period-from", "type": "definition", "offset": [713, 724]}, {"key": "in-force", "type": "definition", "offset": [767, 775]}, {"key": "provided-that", "type": "clause", "offset": [777, 790]}, {"key": "year-of-this-agreement", "type": "definition", "offset": [833, 855]}, {"key": "rent-payable", "type": "clause", "offset": [867, 879]}, {"key": "the-provisions-of", "type": "clause", "offset": [1267, 1284]}], "size": 8, "hash": "192c96784b8e5bbdf8324b93ce582d9e", "id": 2}, {"samples": [{"hash": "kYuCUgxLTfT", "uri": "/contracts/kYuCUgxLTfT#lease-rent", "label": "Cropping Lease", "score": 33.0966644287, "published": true}, {"hash": "4JzWbiBCVst", "uri": "/contracts/4JzWbiBCVst#lease-rent", "label": "Cropping Lease", "score": 25.5708427429, "published": true}, {"hash": "kmvYrf8Wach", "uri": "/contracts/kmvYrf8Wach#lease-rent", "label": "Cropping Lease", "score": 23.943189621, "published": true}], "snippet": "Unless otherwise expressly stated herein, all capitalized words and phrases set out in this Schedule shall have the meaning ascribed to them in the main body of the Lease Agreement of which this Schedule forms a part.", "snippet_links": [{"key": "capitalized-words-and-phrases", "type": "definition", "offset": [46, 75]}, {"key": "set-out", "type": "definition", "offset": [76, 83]}, {"key": "main-body", "type": "clause", "offset": [148, 157]}, {"key": "the-lease-agreement", "type": "definition", "offset": [161, 180]}, {"key": "schedule-forms", "type": "clause", "offset": [195, 209]}], "size": 5, "hash": "130117e1cdc195082f25a9ec4d7462c5", "id": 4}, {"samples": [{"hash": "hf8Wzc3K5I2", "uri": "/contracts/hf8Wzc3K5I2#lease-rent", "label": "Concession Agreement", "score": 33.8897361755, "published": true}, {"hash": "bkehtJOLgXT", "uri": "/contracts/bkehtJOLgXT#lease-rent", "label": "Concession Agreement", "score": 33.8897361755, "published": true}, {"hash": "69mhOPysVcO", "uri": "/contracts/69mhOPysVcO#lease-rent", "label": "Concession Agreement", "score": 33.8818130493, "published": true}], "snippet": "i. Upon execution of the Lease Deed and in consideration of the Lessor leasing the Project Site to the Lessee and granting the rights, privileges and benefits set forth in this Lease Deed, the Lessee shall pay annual lease rent of INR per year.\nii. The Annual Lease Rent for the Project Site shall become payable from the date of execution of the Lease Deed. The first of such payment shall be made on the date of execution of the Lease Deed and subsequent payments shall be paid on every anniversary of the date of execution of Lease Deed thereof till expiry or early termination of the Lease Period.\niii. Lease Rental shall be payable by means of a cheque/demand draft/RTGS/NEFT drawn in favour of \u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026\u2026..\u201d payable at Shillong or at such other place as may be notified by the Lessor.\niv. If the Lessee fails to pay the Lease Rent as aforesaid, the default interest @ 18% shall be charged on the amounts due and payable towards the Annual Lease Rent beginning from the due date of Annual Lease Rent.\nv. The Annual Lease Rent shall be paid by the Concessionaire till the expiry of the Lease Period. The Annual Lease Rent shall be increased by 10% (ten percent) every 3 (three) years, over the last annual rent payable.", "snippet_links": [{"key": "upon-execution", "type": "clause", "offset": [3, 17]}, {"key": "lease-deed", "type": "clause", "offset": [25, 35]}, {"key": "the-lessor", "type": "definition", "offset": [60, 70]}, {"key": "the-project-site", "type": "clause", "offset": [79, 95]}, {"key": "to-the-lessee", "type": "clause", "offset": [96, 109]}, {"key": "the-rights", "type": "clause", "offset": [123, 133]}, {"key": "and-benefits", "type": "clause", "offset": [146, 158]}, {"key": "in-this-lease", "type": "clause", "offset": [169, 182]}, {"key": "lessee-shall", "type": "clause", "offset": [193, 205]}, {"key": "annual-lease-rent", "type": "definition", "offset": [210, 227]}, {"key": "per-year", "type": "definition", "offset": [235, 243]}, {"key": "the-annual", "type": "clause", "offset": [249, 259]}, {"key": "date-of-execution", "type": "definition", "offset": [322, 339]}, {"key": "payments-shall-be", "type": "clause", "offset": [457, 474]}, {"key": "execution-of-lease", "type": "clause", "offset": [516, 534]}, {"key": "the-lease-period", "type": "clause", "offset": [584, 600]}, {"key": "lease-rental", "type": "clause", "offset": [607, 619]}, {"key": "demand-draft", "type": "definition", "offset": [658, 670]}, {"key": "in-favour-of", "type": "definition", "offset": [687, 699]}, {"key": "payable-at", "type": "definition", "offset": [724, 734]}, {"key": "fails-to-pay", "type": "clause", "offset": [819, 831]}, {"key": "the-lease-rent", "type": "definition", "offset": [832, 846]}, {"key": "default-interest", "type": "definition", "offset": [865, 881]}, {"key": "due-and-payable", "type": "definition", "offset": [920, 935]}, {"key": "due-date", "type": "definition", "offset": [985, 993]}, {"key": "by-the-concessionaire", "type": "clause", "offset": [1055, 1076]}, {"key": "expiry-of", "type": "clause", "offset": [1086, 1095]}, {"key": "increased-by", "type": "clause", "offset": [1145, 1157]}, {"key": "rent-payable", "type": "clause", "offset": [1220, 1232]}], "size": 5, "hash": "005e1d0ec4e428cbc89bf1a21039d875", "id": 5}, {"samples": [{"hash": "i4Xc19u1SAM", "uri": "/contracts/i4Xc19u1SAM#lease-rent", "label": "Lease Agreement (Exagen Inc.)", "score": 27.6399726868, "published": true}, {"hash": "dAbWlUEJx8q", "uri": "/contracts/dAbWlUEJx8q#lease-rent", "label": "Lease Agreement (Exagen Inc.)", "score": 27.0841884613, "published": true}, {"hash": "2idIJp0qyhV", "uri": "/contracts/2idIJp0qyhV#lease-rent", "label": "Lease Agreement (Exagen Diagnostics Inc)", "score": 22.7145786285, "published": true}], "snippet": "The Lease Monthly Rent and any other amounts due under this Lease.", "snippet_links": [{"key": "the-lease", "type": "clause", "offset": [0, 9]}, {"key": "monthly-rent", "type": "definition", "offset": [10, 22]}, {"key": "other-amounts-due", "type": "clause", "offset": [31, 48]}, {"key": "under-this-lease", "type": "clause", "offset": [49, 65]}], "size": 4, "hash": "c537cb2bc3348ae0c059e67b24ac8141", "id": 6}, {"samples": [{"hash": "bDEXq4pIywA", "uri": "/contracts/bDEXq4pIywA#lease-rent", "label": "Lease Deed", "score": 21.0, "published": true}, {"hash": "iTfeDysqlKX", "uri": "/contracts/iTfeDysqlKX#lease-rent", "label": "Lease Deed", "score": 19.0, "published": true}, {"hash": "gcG72fZgS2t", "uri": "/contracts/gcG72fZgS2t#lease-rent", "label": "Lease Deed", "score": 19.0, "published": true}], "snippet": "\u200c\n4.1 In consideration of the Lessor leasing the Demised Premises to the Lessee and granting the rights, privileges and benefits set forth in this Lease Deed, the Lessee shall pay to the Lessor, throughout the Term, an annual lease rent of Rs. 100/- payable in advance on April 1st of every year (the \u201cDue Date\u201d) by cheque/demand draft drawn in favour of the Lessor (\u201cLease Rent\u201d).", "snippet_links": [{"key": "in-consideration-of-the", "type": "clause", "offset": [6, 29]}, {"key": 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"b9osekAKIRN", "uri": "/contracts/b9osekAKIRN#lease-rent", "label": "Concession Agreement", "score": 32.5855560303, "published": true}, {"hash": "g1kpoJDEU1W", "uri": "/contracts/g1kpoJDEU1W#lease-rent", "label": "Concession Agreement", "score": 32.1643295288, "published": true}], "snippet": "The Concessionaire shall pay to the Authority an annual lease rent (the \u201cLease Rent\u201d) of INR 1/- (Rupee One) per annum, for 3 acres of land, in consideration of the leasehold right being vested in accordance with the terms of Land Lease Agreement, commencing from the Appointed Date. In the event of earlier termination of this Agreement for any reason whatsoever, no amounts paid by way of Lease Rent shall be refundable to the Concessionaire. The Land Lease Agreement shall be co-terminus with the Concession Agreement. The Lease Rent shall be payable at end of each year within 60 days of closing of preceding year till the expiry of Concession Period.", "snippet_links": [{"key": "the-concessionaire-shall", "type": "clause", "offset": [0, 24]}, {"key": "to-the-authority", "type": "clause", "offset": [29, 45]}, {"key": "annual-lease-rent", "type": "definition", "offset": [49, 66]}, {"key": "per-annum", "type": "definition", "offset": [109, 118]}, {"key": "acres-of-land", "type": "clause", "offset": [126, 139]}, {"key": "in-consideration-of-the", "type": "clause", "offset": [141, 164]}, {"key": "in-accordance-with", "type": "definition", "offset": [194, 212]}, {"key": "terms-of", "type": "clause", "offset": [217, 225]}, {"key": "land-lease-agreement", "type": "clause", "offset": [226, 246]}, {"key": "commencing-from", "type": "clause", "offset": [248, 263]}, {"key": "the-appointed-date", "type": "definition", "offset": [264, 282]}, {"key": "in-the-event-of", "type": "definition", "offset": [284, 299]}, {"key": "for-any-reason", "type": "clause", "offset": [338, 352]}, {"key": "of-lease", "type": "clause", "offset": [388, 396]}, {"key": "the-land", "type": "clause", "offset": [445, 453]}, {"key": "concession-agreement", "type": "definition", "offset": [500, 520]}, {"key": "the-lease-rent", "type": "definition", "offset": [522, 536]}, {"key": "payable-at", "type": "definition", "offset": [546, 556]}, {"key": "each-year", "type": "definition", "offset": [564, 573]}, {"key": "preceding-year", "type": "definition", "offset": [603, 617]}, {"key": "expiry-of-concession-period", "type": "clause", "offset": [627, 654]}], "size": 4, "hash": "5f65cfaa690610896dde0fd784318391", "id": 8}, {"samples": [{"hash": "cIZLkEhSQHx", "uri": "/contracts/cIZLkEhSQHx#lease-rent", "label": "Sale Agreement", "score": 30.1214008331, "published": true}, {"hash": "kwdwkuKIO5d", "uri": "/contracts/kwdwkuKIO5d#lease-rent", "label": "Sale Agreement", "score": 25.6543464661, "published": true}], "snippet": "The Allottee/Transferee shall pay the rental charges under the Head Lease to the Burdwan Development Authority (BDA) in respect of the saleable area of the Plot equivalent to \u2026..\u2026", "snippet_links": [{"key": "the-allottee", "type": "clause", "offset": [0, 12]}, {"key": "rental-charges", "type": "definition", "offset": [38, 52]}, {"key": "head-lease", "type": "definition", "offset": [63, 73]}, {"key": "development-authority", "type": "definition", "offset": [89, 110]}, {"key": "in-respect-of", "type": "clause", "offset": [117, 130]}, {"key": "saleable-area", "type": "definition", "offset": [135, 148]}, {"key": "the-plot", "type": "definition", "offset": [152, 160]}], "size": 3, "hash": "cd79607b36ffffab2b39c32ef6d66313", "id": 9}, {"samples": [{"hash": "gs6Z8QIjvfP", "uri": "/contracts/gs6Z8QIjvfP#lease-rent", "label": "Lease Agreement (Freshworks Inc.)", "score": 32.6522941589, "published": true}], "snippet": "5.1 As and by way of consideration for the grant of lease of the Demised Premises by the Lessor to the Lessee, the Lessee covenants and agrees that it shall, during the Initial Term, pay to the Lessor without demand, delay and/or demur by way of Lease Rent from time to time as under:\n5.1.1 Lease Rent as stipulated in Item 13 of Schedule II due and payable for the Demised Premises for the period stated in Item 13 of Schedule II. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 initial Lessee\u2019s initial 5.1.2 Escalated Lease Rent (if applicable) as stipulated in Item 9 of Schedule II due and payable for the Demised Premises for each period stated in Item 9 of Schedule II.\n5.2 The Lessee shall from the Lease Rent Commencement Date pay to the Lessor the Lease Rent in advance on or before the 7th calendar day of each and every Month at the Lessor\u2019s address mentioned herein, unless change is notified by the Lessor by giving an advance written notice of 30 (thirty) days and if the day stipulated herein be not a Business Day then on the Business Day prior to the stipulated day.\n5.3 Should the Lease Rent Commencement Date be any date other than the 1st day of a month, then the Lease Rent shall be paid on a pro-rata basis for that month on the Commencement Date and thereafter from the ensuing month, next after the month of the relevant Commencement Date, the Lease Rent shall be paid in the manner indicated in Clause 5.2 hereinabove.\n5.4 The Lease Rent shall be subject to deduction by the Lessee of tax at source under the Income Tax laws of India as may be in force from time to time or at a rate mentioned in the lower Tax deduction certificate issued by the Income Tax Department from time to time. The Lessee shall forthwith furnish to the Lessor a certificate for deduction of tax at source. If the Lessee fails to provide such certificate within 60 days from the end of a financial quarter (other than financial quarter ended 31st March where the no of days is 90), the Lessee shall pay to the Lessor an amount equivalent to the amount of tax so deducted at source. However, in the event the Lessee fails to make the aforesaid payment or provide the certificate as aforesaid, then the Lessee shall pay such amount to the Lessor together with interest at 18% (eighteen per cent) per annum from the due date till the date of payment. For FAERY ESTATES PVT. LTD For Freshworks Technologies Private Limited Authorized Signatory Authorized Signatory \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 initial Lessee\u2019s initial\n5.5 The Lessee agrees and undertakes not to make any application to any court of law or before any forum or before any authority for the Said Lease Rent as being excessive or unreasonable and any such action shall be taken as a breach of this Deed entailing the consequences as herein set out.\n5.6 It is the sole discretion of the Lessor to determine the lease rent for different leased units within the Building. The Lessee acknowledges that such lease rent may vary from one leased unit to the other due to various factors such as location of the leased units, time of leasing, duration of leasing, the size of the leased units, the type of trade activity or business relations and mutual interest between the Lessor and the lessee in question. The Lease Rent of any leased unit within the Building shall not be considered, at any time, as measure for application to other units or used as a basis for comparison to other units and the Lessee shall not be entitled to demand the Lessor to apply to the Demised Premises, lease fees, similar or equivalent to that charged to the other occupants of the Building.", "snippet_links": [{"key": "grant-of-lease", "type": "clause", "offset": [43, 57]}, {"key": "the-demised-premises", "type": "clause", "offset": [61, 81]}, {"key": "to-the-lessee", "type": "clause", "offset": [96, 109]}, {"key": "lessee-covenants", "type": "clause", "offset": [115, 131]}, {"key": "during-the-initial-term", "type": "clause", "offset": [158, 181]}, {"key": "to-the-lessor", "type": "clause", "offset": [187, 200]}, {"key": "from-time-to-time", "type": "clause", "offset": [257, 274]}, {"key": "schedule-ii", "type": "definition", "offset": [330, 341]}, {"key": "due-and-payable", "type": "definition", "offset": [342, 357]}, {"key": "the-period", "type": "clause", "offset": [387, 397]}, {"key": "private-limited", "type": "clause", "offset": [487, 502]}, {"key": "authorized-signatory-authorized-signatory", "type": "clause", "offset": [503, 544]}, {"key": "initial-lessee", "type": "definition", "offset": [554, 568]}, {"key": "if-applicable", "type": "clause", "offset": [607, 620]}, {"key": "item-9", "type": "clause", "offset": [639, 645]}, {"key": "lessee-shall", "type": "clause", "offset": [759, 771]}, {"key": "lease-rent-commencement-date", "type": "definition", "offset": [781, 809]}, {"key": "rent-in-advance", "type": "clause", "offset": [838, 853]}, {"key": "day-of", "type": "clause", "offset": [884, 890]}, {"key": "notice-of", "type": "definition", "offset": [1023, 1032]}, {"key": "the-day", "type": "definition", "offset": [1057, 1064]}, {"key": "not-a-business-day", "type": "clause", "offset": [1086, 1104]}, {"key": "the-business", "type": "clause", "offset": [1113, 1125]}, {"key": "prior-to-the", "type": "clause", "offset": [1130, 1142]}, {"key": "a-month", "type": "definition", "offset": [1241, 1248]}, {"key": "the-commencement-date", "type": "clause", "offset": [1322, 1343]}, {"key": "the-relevant-commencement-date", "type": "definition", "offset": [1407, 1437]}, {"key": "in-clause", "type": "clause", "offset": [1492, 1501]}, {"key": "subject-to", "type": "definition", "offset": [1547, 1557]}, {"key": "by-the-lessee", "type": "clause", "offset": [1568, 1581]}, {"key": "laws-of-india", "type": "definition", "offset": [1620, 1633]}, {"key": "in-force", "type": "definition", "offset": [1644, 1652]}, {"key": "issued-by", "type": "clause", "offset": [1733, 1742]}, {"key": "furnish-to", "type": "clause", "offset": [1815, 1825]}, {"key": "deduction-of-tax", "type": "clause", "offset": [1855, 1871]}, {"key": "to-provide", "type": "clause", "offset": [1903, 1913]}, {"key": "financial-quarter", "type": "definition", "offset": [1964, 1981]}, {"key": "amount-of-tax", "type": "clause", "offset": [2121, 2134]}, {"key": "in-the-event-the", "type": "clause", "offset": [2167, 2183]}, {"key": "the-certificate", "type": "clause", "offset": [2238, 2253]}, {"key": "with-interest", "type": "definition", "offset": [2329, 2342]}, {"key": "per-cent", "type": "definition", "offset": [2360, 2368]}, {"key": "per-annum", "type": "definition", "offset": [2370, 2379]}, {"key": "due-date", "type": "definition", "offset": [2389, 2397]}, {"key": "date-of-payment", "type": "definition", "offset": [2407, 2422]}, {"key": "lessee-agrees", "type": "clause", "offset": [2579, 2592]}, {"key": "court-of-law", "type": "definition", "offset": [2643, 2655]}, {"key": "this-deed", "type": "clause", "offset": [2809, 2818]}, {"key": "the-consequences", "type": "clause", "offset": [2829, 2845]}, {"key": "set-out", "type": "definition", "offset": [2856, 2863]}, {"key": "sole-discretion", "type": "definition", "offset": [2879, 2894]}, {"key": "determine-the", "type": "clause", "offset": [2912, 2925]}, {"key": "the-building", "type": "definition", "offset": [2971, 2983]}, {"key": "leased-unit", "type": "definition", "offset": [3048, 3059]}, {"key": "location-of", "type": "definition", "offset": [3104, 3115]}, {"key": "duration-of", "type": "definition", "offset": [3151, 3162]}, {"key": "type-of", "type": "definition", "offset": [3206, 3213]}, {"key": "business-relations", "type": "clause", "offset": [3232, 3250]}, {"key": "mutual-interest", "type": "clause", "offset": [3255, 3270]}, {"key": "at-any-time", "type": "clause", "offset": [3397, 3408]}, {"key": "other-units", "type": "clause", "offset": [3440, 3451]}, {"key": "to-apply", "type": "clause", "offset": [3559, 3567]}, {"key": "lease-fees", "type": "definition", "offset": [3593, 3603]}, {"key": "or-equivalent", "type": "definition", "offset": [3613, 3626]}, {"key": "other-occupants", "type": "clause", "offset": [3650, 3665]}], "size": 3, "hash": "0e019e70dfeddf62e154d00c36099b6d", "id": 10}], "next_curs": "ClMSTWoVc35sYXdpbnNpZGVyY29udHJhY3Rzci8LEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhNsZWFzZS1yZW50IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["jurisdiction", "Jurisdiction"], ["definitions", "Definitions"], ["original-document", "Original Document"], ["covenant-for-sale-and-purchase", "COVENANT FOR SALE AND PURCHASE"], ["miscelaneous", "Miscelaneous"]], "children": [["", ""], ["insurance", "Insurance"], ["operational", "Operational"], ["maintenance", "Maintenance"], ["assignment-and-other-charges", "Assignment and other charges"]], "size": 119, "title": "Lease Rent", "id": "lease-rent", "related": [["base-rent", "Base Rent", "Base Rent"], ["basic-rent", "Basic Rent", "Basic Rent"], ["rent", "Rent", "Rent"], ["fixed-rent", "Fixed Rent", "Fixed Rent"], ["the-rent", "THE RENT", "THE RENT"]], "related_snippets": [], "updated": "2025-07-23T06:00:50+00:00", "also_ask": ["What rent escalation mechanisms are most defensible and negotiable in current markets?", "Which rent adjustment clauses are essential to prevent disputes over operating costs or taxes?", "What are the most common pitfalls in defining 'base rent' versus 'additional rent'?", "How do courts typically interpret ambiguous rent calculation formulas?", "How does this rent clause compare to industry-standard lease provisions in similar jurisdictions?"], "drafting_tip": "Specify the rent amount and payment schedule to ensure clarity; define adjustment mechanisms to address future changes; state payment methods to prevent disputes.", "explanation": "The Lease Rent clause defines the amount of rent the tenant is required to pay to the landlord for occupying the leased premises. It typically specifies the payment frequency (such as monthly or annually), the method of payment, and any scheduled increases or adjustments over the lease term. This clause ensures both parties are clear on the financial obligations, helping to prevent disputes over payment amounts and due dates."}, "json": true, "cursor": ""}}