VACATING AND FINAL SETTLEMENT LETTER
Date: 3 April 2026
Place: Chandigarh
From (the Tenant)
Northline Retail Ventures Private Limited, an individual, of X
Email: X
To (the Landlord)
Sunrise Estates Private Limited, an individual, of X
Email: X
Subject: Notice of intention to vacate the Premises
Dear Sir or Madam,
1. The Lease and the Premises
1.1 By the Lease Deed dated 1 April 2026 (registered with the Sub-Registrar, S.A.S. Nagar, as Document No. 4521 of 2024) (the "Lease"), the Tenant holds the premises described as: Unit 12, Ground Floor, Sector 34-A Market, Chandigarh 160022, admeasuring 850 sq ft of covered area (the "Premises"), used for office purposes.
1.2 The current monthly rent is ₹85,000 (Rupees Eighty Five Thousand only), and rent has been paid up to 2 April 2026. The Landlord holds a refundable security deposit of ₹5,10,000 (Rupees Five Lakh Ten Thousand only) paid by the Tenant under the Lease (the "Security Deposit").
2. What This Letter Covers
2.1 This Letter serves only as the Tenant's notice of intention to vacate the Premises on the Vacating Date. The final settlement of accounts will be recorded separately once the Premises have been vacated and inspected.
3. Notice of Intention to Vacate
3.1 The Tenant gives notice that it intends to vacate the Premises and hand over vacant possession to the Landlord on 4 April 2026 (the "Vacating Date").
3.2 The Lease requires 3 months' notice before vacating. This notice gives the Landlord the full notice period the Lease requires, and the Vacating Date is on or after the day that notice period ends.
3.3 The lock-in period under the Lease has already ended, so nothing further is payable on that account. The amount presently estimated on that account is ₹25,000 (Rupees Twenty Five Thousand only).
3.4 This notice takes effect from the date the Landlord receives it, not from the date typed above. The Tenant shall keep proof of delivery — a signed acknowledgement, a courier or postal record, or a read receipt where sent by email.
5. Handover
5.1 The Tenant shall hand over all keys, access cards and other access devices to the Landlord on the Vacating Date.
5.2 The Parties shall carry out, or shall be treated as having carried out, a joint inspection of the Premises on 5 April 2026, and shall record its outcome in an inspection note signed by both of them.
6. Governing Law and Disputes
6.1 This Letter is governed by the laws of India.
6.2 A dispute arising out of or in connection with this Letter shall be resolved by arbitration by a sole arbitrator agreed between the Parties under the Arbitration and Conciliation Act, 1996, the seat and venue being the city named below. The city named for that purpose is Chandigarh.
7. Notices
7.1 A notice or communication under this Letter shall be in writing and delivered by hand against acknowledgement, or sent by registered post or reputed courier, to the address of the receiving Party stated above; a communication to the Landlord may in addition be sent by email to X; a communication to the Tenant may in addition be sent by email to X.