Nestaway Owner Rental Agreement-1

SERVICES AGREEMENT

This

{if $HOUSE_TERM_ID == ‘yes’}{/if} Services Agreement (“Agreement”)

is

made

on

the

day

of

{$AGREEMENT_DD_MM_YYYY}. BY AND AMONG NESTAWAY TECHNOLOGIES PRIVATE LIMITED, a private limited company registered under the Companies Act, 2013 having its registered office at #1556, 19th  Main, HSR Sector 1, Bangalore 560102 (hereinafter referred to as the ‘Nestaway’ which expression shall, unless it to be repugnant to the context or meaning thereof, deem to mean and include its executors, administers and permitted assigns), of the FIRST PARTY;

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AND

{$OWNER_NAME} aged {$OWNER_AGE} years, {$OWNER_SON_OR_DAUGHTER} of {$OWNER_FATHER_NAME}, residing at {$OWNER_PERMANENT_ADDRESS} hereinafter referred to as the “Owner”, (which term shall, unless it is repugnant to the context, mean and include its executors, administers and permitted assigns) of the SECOND PARTY; The Nestaway and  Owner are hereinafter collectively referred to as the “Parties ” and individually as the “Party”. WHEREAS

A.

 NestAway is engaged eng aged in the business of building a technology technolog y platform for f or real estate market; facilitating rental transactions & various services & processes around it.

B.

The Owner is the actual owner of or is entitled to lease the property located at {$HOUSE_ADDRESS} ( ‘Scheduled Property’).

C.

The Owner is desirous of using services of NestAway in accordance with Annexure A of this Agreement in leasing the Scheduled Property subject to the terms and conditions as mentioned in this Agreement.

D.

Based on the mutual understanding and agreement among the Parties, the Parties have decided to enter into this Agreement on the terms and conditions herein below:

NOW THEREFORE THIS AGREEMENT WITNESSETH AS UNDER: 1.

TERM

The initial term of this agreement shall start on {$SERVICE_START_DATE} & end on one year thereafter (“Initial Term”). Upon conclusion of this initial term, this agreement shall automatically renewal in one-year increments (“Renewal Term”), unless otherwise cancelled at the end of each term by providing at least 60 days of written notice. In the event that either party wants to terminate the agreement during the term, he can terminate it in accordance with terms set forth in Clause 12.

“Term” shall collectively mean and include the Agreement terms represented by the Initial Term and the Renewal Term (if applicable). 2.

EXCLUSIVITY OF ENGAGEMENT

The Owner hereby engages NestAway on an exclusive basis during the Term of this Agreement to provide its Services to the Scheduled Property located at {$HOUSE_ADDRESS}. The Parties agree that NestAway shall be the sole cause of

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any lease of, or agreement to any lease of the Scheduled Property, whether such agreement is made in writing or orally. 3.

LEASING OF SCHEDULED PROPERTY

The Owner shall partner with NestAway to lease the Scheduled Property as per the following process. 1. Owner shall specify his tenant preference & verification requirements. 2. Owner shall specify the monthly rent he expects from tenants. 3. Owner & NestAway shall execute this service Agreement. 4. Owner shall furnish the Scheduled Property with required fixtures & furniture

as detailed in “Furnishing Clause” or utilize services of NestAway approved 5. 6.

7. 8.

9.

4.

furnishing rental vendors. NestAway shall assist the Owner in furnishing if required. Once furnished, NestAway shall upload the Scheduled Property on its portal. It shall show the Scheduled Property to interested tenants & if any tenant expresses interest, NestAway shall collect verification details from the tenant & submit to the Owner for approval. Upon approval, NestAway shall prepare the lease agreement between Owner & Tenant & complete other move-in formalities on behalf of owner.

During tenancy, NestAway shall collect monthly rent on Owner’s behalf & deposit it in Owner’s account after deducting its charges. NestAway shall make a separate payout to the Owner in case the tenant defaults on payment of rent.  NestAway shall facilitate maintenance work required at the Scheduled Property during the term of this agreement.

SCOPE OF SERVICES

 Nestaway shall provide the Owner with services as mentioned in Annexure A of this Agreement (“Services”) to enable leasing the Scheduled Property to suitable tenants. Such Services will start from {$SERVICE_START_DATE} (“Effective Date ”). The Owner hereby grants full power & authority to NestAway to perform all actions necessary to discharge Services to the Owner, Scheduled Property & tenants as detailed in Annexure A. Any such actions shall be deemed ratified & approved by the Owner. Additionally, the Owner grants NestAway the right to enter the Scheduled Property at anytime during the Term hereof. 5.

TENANT PREFERENCE & VERIFICATION

 NestAway, through its owner onboarding portal, shall collect Owner’s preference of tenants & monthly rental. NestAway shall show the Scheduled Property to tenants who agree to abide by these preferences. For verification, NestAway shall mandatorily collect ID proof & address Proof of tenants. It shall also collect tenant employment proof, wherever available, & tenant  permanent address details. Once a tenant expresses interest to stay in the property, all these verification details shall be submitted to the Owner for approval. The Owner has

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a 48 hour window to approve or reject the tenant. If the Owner doesn’t act within 48 hours, the tenant is considered auto approved. The tenant can move-in to the property only after Owner approval. In case of rejection, the Owner shall specify the reason which shall be communicated to the tenant & NestAway shall continue showing the Scheduled Property to other  prospects. 6.

SECURITY DEPOSIT

Once approved, the tenants shall pay 2 months of rent to NestAway on behalf of the Owner as refundable security deposit. NestAway shall deposit the amount with the Owner within 7 working days of tenant move-in.

{if $SECURITY_BY_NESTAWAY == ‘yes’}  NestAway shall furnish a refundable advance of INR {$SECURITY_DEPOSIT} at the time of signing this agreement which shall be treated as security deposit from tenants & shall be refunded to NestAway upon termination of this agreement. The details of the advance payment is captuted in Annexure F of this agreement. Upon the receipt of such amount of security deposit from NestAway, the Owner shall give to NestAway in writing a receipt, acknowledging the same, which shall contain the details of the deposit like amount of deposit, date of deposit, mode of transfer etc, in the form and manner provided under Annexure F. {/if} In cases where NestAway pays money to the Owner in lieu of tenant security deposit in advance before it collects the same from tenants, it shall have the right to collect security deposit from tenants, adjust it against its advance & deposit the remaining money, if any, in the Owner’s account. The advance depo sit hence furnished to the Owner shall be deemed as security deposit from tenants in the lease agreement. The Owner shall refund the security deposit, through NestAway, to tenants after necessary deductions on the day of tenant move-out. In cases where NestAway refunds the security deposit, on behalf of the Owner, to tenants on their moving out, it shall have the right to adjust such money from payable towards the Owner.

{if $BANK_GUARANTEE == ‘yes’} It is expressly agreed that NestAway shall have the option to provide the Owner a  bank guarantee of amount equal to tenant security deposit in lieu of the refundable security deposit that NestAway shall collect from tenants. This bank guarantee shall serve the role of security deposit. Upon termination of this agreement, the bank guarantee shall turn void. Such bank guarantee shall be exercised by the Owner in case he needs to deduct money from the tenant security deposit to cover for any unpaid rent, approved repair & move-out charges that was supposed to be paid by the tenant but the tenant did not

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 pay. Owner shall provide notice of at least 72 hours to NestAway before he encashes the bank guarantee. The bank guarantee shall be valid during the Term of this Agreement & will expire on termination of this Agreement. In cases where the Owner takes bank guarantee in lieu of refundable security deposit, he shall not be required to receive or refund security deposit every time a tenant moves in or out respectively. The Owner shall be able to exercise the bank guarantee directly from the bank without

 NestAway’s involvement. The bank guarantee document shall be given to the Owner within seven days of this Agreement.

7.

{/if} RENT The Owner shall have the absolute authority to decide the monthly rent per tenant & minimum lock-in period & NestAway shall find tenants accordingly. The tenant shall  be required to pay a month’s rent as penalty if he/ she moves-out of the property  before the expiry of the lock-in period. The Owner shall be entitled to change the rent before the tenant moves in. Thereafter, he shall change the rent based on mutual discussion with the tenant at the end of every lease period. For any given month, NestAway shall collect the rent from tenant(s) & deposit it in Owner’s bank account before 5 th of the next month after deducting its charges & any other amounts payable by the Owner to NestAway. For example –   rent for the month of February shall be paid to the Owner on or before 5th March. In case of rent default by a tenant in a given month, NestAway shall remind the tenant via email on daily basis for the payment till the end of the coming month. If it does

not receive the rent within a month of its becoming due, NestAway, with Owner’s consent, shall initiate legal proceeding against the defaulter tenant asking them to pay the due & vacate the property at the earliest. The defaulter tenant shall be banned to lease NestAway homes anywhere in India henceforth without settling the unpaid rent & fine if any. If NestAway determines that the Owner is owed rental money from tenants for more than 30 days, NestAway shall make necessary payments to the Owner irrespective of  payment collection from the tenants or the Owner shall be authorized to invoke the  bank guarantee wherever applicable. To allow sufficient time for rent collection in case of late payment/default, NestAway shall have the option to collect rent from tenants at the beginning of month.

For purposes of clarity, it is expressly agreed that the Owner’s rental income is based on actual occupancy at the Scheduled Property. This Agreement creates no liability on  NestAway for rental payment during the period the Scheduled Property remains fully or partially vacant.

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It is expressly agreed that all payments shall be made through bank accounts only. 8.

OTHER PAYMENTS

In cases where NestAway pays money to tenant & partner vendors on behalf of the Owner for structural repair, wear & tear repair, cleaning the house at beginning of the Agreement etc, NestAway shall have the right to adjust such money in addition to its monthly charges against monthly rent due to the Owner. NestAway shall submit

necessary bills, estimations & invoices to that effect & seek Owner’s approval over email. If the payment is for less than INR 500, the owner shall approve or reject within 24 hours or it will be considered auto-approved. If the payment is for more than INR 500, the Owner shall approve or reject within 48 hours or such payment shall be withheld. However in special cases of pending utility bills & other statutory payments including society maintenance fees that the Owner owes, NestAway is authorized to pay upto

INR 5000 & reimburse the same from Owner’s rent without having to wait for Owner’s approval if it doesn’t come within 24 hours. NestAway shall ask for explicit Owner approval for payment larger than INR 5000. The Owner shall be able to dispute a payment within 48 hours of such a payment  being made on his behalf with necessary documentation including original bills & receipts. If NestAway, based on the documents submitted, determines that the Owner is owed money, it shall send a refund payout to the Owner within next 48 hours. 9.

FURNISHING & FITTINGS AT THE PROPERTY

It is required that the Scheduled Property has fittings & furnishing in good working condition as detailed in Annexure B for the Scheduled Property to be onboarded onto

 NestAway portal. It is the Owner’s responsibility to provide such furnishing during the term of this Agreement.  NestAway shall provide the furnishing & fixture checklist to the Owner at start of the Agreement based on which the Owner shall make the necessary arrangements. This checklist shall detail new furnishing as well as repair & replacement of existing furnishing & fitting requirement before leasing the property to tenants. NestAway,at

the Owner’s option, shall facilitate furnishing at the Scheduled Property through its  partner vendors. The Owner shall have option of furnishing the Scheduled Property at his own expense or he can utilize services of furnishing rental vendors, through NestAway, wherever  possible. The charges for furnishing rental service, if utilized, shall be separate & will  be in addition to the regular service charge under this Agreement as defined in Annexure A of this Agreement. Any furniture & fixture taken on rent & deployed at the Scheduled Property during the Term shall be returned to the vendor(s) on termination of the Agreement.

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Owner owned fixtures & furnishings shall be subject to wear & tear depreciation as  per Indian Generally Accepted Accounting principles to ascertain their value in case of a damage claim. The Owner shall store & furnish receipts, bills, invoices & warranty cards, if any, of furnishing & fittings as & when a damage claim is filed for faster settlement.

10.

MAINTENANCE OF THE PROPERTY & FURNISHING

In the event of any damage to the Scheduled Property & its furnishing during the term of this Agreement, it shall be borne by either the tenant or the Owner based on Annexure D of this Agreement that details maintenance responsibility between Owner & tenant. Either party can raise a maintenance request providing details of the issue.  NestAway shall seek approval of the maintenance request either from Owner or the tenant based on the provisions of Annexure D, and facilitate the maintenance work. The Owner shall respond to any maintenance request approval within 48 hours. In case NestAway pays any maintenance charges on behalf of the Owner, such payments

shall be governed under “Other Payments” section of this Agreement. In case damages to the Scheduled Property or its furnishing are caused by tenants, the Owner shall be entitled to recover damage charges from the security deposit or the  bank guarantee whichever is applicable.

11.

NESTAWAY CHARGES

In lieu of its Services, NestAway’s service Charges are described in Annexure A of this Agreement. The Owner shall be responsible for paying NestAway all the Charges subject to the terms and conditions contained therein. Any services that is not mentioned in Annexure A shall not be deemed to be included & charges for such services will be separate and if provided, the Owner shall pay for it separately. NestAway reserves the right to deduct its charges from payable to the Owner, if any.  Nestaway reserves the right to change its prices, as may be mutually agreed subject to

60 days’ notice to the Owner. 12.

TERMINATION

This Agreement shall be terminated in any of the following circumstances: In the event the Services are not provided by Nestaway, Owner shall be entitled to terminate this Agreement after giving one (1) month written notice to rectify the  breach.

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 Notwithstanding anything written in this Agreement, either party can terminate the Agreement by a) Giving one months advance notice to the other party;  b) Or by paying a move-out charge equivalent to one months of rental based on actual occupancy at the time of termination in lieu of the notice period; c) By mutual agreement between the Parties. Any dues owed by either Party to the other shall be settled within seven days of termination of the Agreement. 13. REPRESENTATIONS AND WARRANTIES

14.

13.1

The Owner hereby undertakes that he is the lawful owner, or has necessary valid legal documents from the real owner of the property to enter into this Agreement. The Owner further undertakes that NestAway shall not be liable for any dispute regarding ownership of the Scheduled Property or the validity of entering into this Agreement during the Term of the Agreement and the Owner shall keep NestAway and its directors indemnified from all such events.

13.2

The Owner further undertakes that all dues including but not limited to government fees & dues towards local authorities & apartment societies shall  be paid by Owner during the Term of the Agreement.

13.3

The Owner further undertakes that the Scheduled Property is free from any default, foreclosure, contract for sale, option to purchase, contract for deed or any other obligation which would be in conflict with the intention of this Agreement.

13.4

The Owner further undertakes that all maintenance, electricity, telephone and water charges & dues towards governmental agencies and apartment societies that would have arisen with respect to the said Schedule Premises prior to the commencement of this Agreement has been paid. NestAway reserves the right to deduct such payments from payable towards the Owner in case it pays such amount on behalf of the Owner.

13.5

 NestAway undertakes that it has all legal permissions to enter into this Agreement & shall indemnify the Owner should there be disputes regarding validity of this Agreement.

LIMITATION OF LIABILITY

Except to the extent caused by NestAway’s gross negligence or wilful misconduct,  NestAway, its employees & including its agents & independent contractors shall have no liability whatsoever under this Agreement. 15.

INSURANCE

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 NestAway shall partner with insurance companies that offer home insurance covering the structure and content of properties. If the Owner purchases home insurance for the Scheduled Property from NestAway partner insurer, NestAway shall assist and carry out documentation for claim settlement with the insurer in case of any damage. 16.

DISPUTE RESOLUTION

a.

Any bona fide problem with the Services will be brought to the attention of  Nestaway’s representatives. In the event a reported problem i s not resolved by

 Nestaway’s representatives to reasonable satisfaction, within seven (7) days of notification, such problem will be escalated to Nestaway’s senior management. In the event the problem is not resolved within ten (10) days of escalation the Parties shall resolve such disputes by the procedure set out in Clause below.  b.

17.

Any dispute or difference arising between the Parties out of this Agreement that could not be settled amicably shall be settled in the Courts of Bangalore. Subject to the above, courts in Bangalore shall have exclusive jurisdiction to deal with any dispute or difference between the Parties arising out of this Agreement.

CONFLICT

In the event of conflict between the terms of Annexures  and this Agreement, the former shall prevail. 18.

SEVERABILITY If the court of law finds any provision or clause or part thereof of this Agreement to  be invalid or void in full part or in part, the remainder of the clause and this Agreement shall continue to be valid, enforceable and effective.

19.

COUNTERPARTS

This Agreement shall be executed simultaneously in two counterparts, each of which shall be deemed as original and shall constitute as one and the same instrument.

 [Signatures Page F ollows] 

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IN WITNESS WHEREOF, the Parties hereto have set and subscribed their respective hands and seal to this writing on the day, month and year first mentioned herein above.

NESTAWAY TECHNOLOGIES PRIVATE LIMITED

Signature: Name: Designation:

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IN WITNESS WHEREOF, the Parties hereto have set and subscribed their respective hands and seal to this writing on the day, month and year first mentioned herein above. OWNER 

Signature: Name:

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ANNEXURE A SCOPE OF SERVICES

The scope of NestAway Services is as follows: 1.

Renting Out a. Advertise, list, market & promote the property in its website & mobile app  b. Answer enquiries about vacancy c. Show vacant units/beds d. Accept Rental Applications & Documents e. Sending them to owner for verification & screening f. Accept initial rents & deposit g. Assist in tenant move-in h. Inspect property when tenant moves-in & furnish report to owner. i. Inspect property when tenant moves-out & furnish report to owner.

2.

Agreements a. Prepare & execute lease agreement between Owner & tenant(s)  b. Affix stamp papers c. Get tenant(s) signature in it d. Sending it to owner for signature e. Online storage of agreement

3.

Rent Collection a. Collect rents when due  b. Maintain rent collection record c. Serve late rent & rent increase notice to tenants d. Transfer & deposit of rent to owner ’s account

4.

Repair & Notices from Tenants a. Accept Tenant complaints & repair requests  b. Accept Tenant notices c. Inform owner of maintenance & repair needs d. Maintain online log of tenant complaints e. Organize a list of verified vendors for maintenance f. Repair payment facilitation on behalf of the owner g. Collect repair feedback & send it to owner online h. Partner with Home insurance companies & assist in purchase of insurance i. Prepare documentation required for claim settlement in case of damage  j. Serve tenancy termination & eviction notice to tenants NESTAWAY CHARGES

 NestAway shall deduct {$NESTAWAY_COMMISSION} of the rental received in every month towards service charges. For purposes of clarity, this {$NESTAWAY_COMMISSION} is applicable only on rental received and creates no obligation on Owner to pay NestAway.

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The Owner hereby authorizes NestAway for collection & deposit of rent & security deposit on his behalf from tenants in the scheduled property as has been mutually agreed between the  parties as per the authorization letter present with this agreement.

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ANNEXURE B ADDRESS OF SCHEDULED PROPERTY

Location: {$HOUSE_ADDRESS} Contact Person: {$OWNER_NAME} Email: {$OWNER_EMAIL} Phone: {$OWNER_PHONE_PRIMARY} (primary), {$OWNER_PHONE_SECONDARY} (secondary) Parking available: {$PARKING_IN_BASEMENT_OR_OUTSIDE} For two wheelers: {$NO_OF_TWO_WHEELERS_PARKING} For four wheelers: {$NO_OF_FOUR_WHEELERS_PARKING} in the allotted area only FITTINGS & FURNISHING

{if $BHK == 1 or $BHK == 2 or $BHK == 3 or $BHK == 4} Bed Room 1: Two 3X6 ft Single Cots, Two 4 inch single mattress with pillows, one bedside table, 2+2 Cupboards, One ceiling fan, one Tube light {/if} {if $BHK == 2 or $BHK == 3 or $BHK == 4} Bed Room 2: Two 3X6 ft Single Cots, Two 4 inch single mattress with pillows, one bedside table, 2+2 Cupboards, One ceiling fan, one Tube light {/if} {if $BHK == 3 or $BHK == 4} Bed Room 3: Two 3X6 ft Single Cots, Two 4 inch single mattress with pillows, one bedside table, 2+2 Cupboards, One ceiling fan, one Tube light {/if} {if $BHK == 4} Bed Room 4: Two 3X6 ft Single Cots, Two 4 inch single mattress with pillows, one bedside table, 2+2 Cupboards, One ceiling fan, one Tube light {/if} Living Room: 32 inch LCD TV, DTH Connection, Wifi Router, 5 seater Sofa with center table, Six seater Dining Table Kitchen: 170 Ltr Fridge, Automatic Washing Machine, Gas Stove with Gas cylinder, Kitchenware including dinner set & glass ware

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Bath Rooms: Geyser, WC(preferable) with faucet Others: Curtains in windows, wall paints, floor mats, Dustbins, mirrors in bedrooms The Owner is expected to save original invoices of items along with the warranty cards wherever present for claim settlement.

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ANNEXURE C TENANT PREFERENCE

Total no of Tenants: Up to {$MAX_NO_OF_TENANTS_IN_HOUSE} Gender of Tenants: {$TENANT_TYPE_BOYS_OR_GIRLS} RENT

{if $BHK == 1 or $BHK == 2 or $BHK == 3 or $BHK == 4} Bed Room 1: Double Sharing: INR {$ROOM1_ SHARING_ RENT} per month per tenant Private Room: INR {$ROOM1_PRIVATE_RENT} per month per tenant {/if} {if $BHK == 2 or $BHK == 3 or $BHK == 4} Bed Room 2: Double Sharing: INR {$ROOM2_SHARING_RENT} per month per tenant Private Room: INR {$ROOM2_PRIVATE_RENT} per month per tenant {/if} {if $BHK == 3 or $BHK == 4} Bed Room 3: Double Sharing: INR {$ROOM3_SHARING_RENT} per month per tenant Private Room: INR {$ROOM3_PRIVATE_RENT} per month per tenant {/if} {if $BHK == 4} Bed Room 4: Double Sharing: INR {$ROOM4_SHARING_RENT} per month per tenant Private Room: INR {$ROOM4_PRIVATE_RENT} per month per tenant {/if} The Owner shall be able to change rent of any of the bed(s) at his discretion after this agreement signature. This rent shall include monthly maintenance charges & any other charges that the Owner is obligated to pay as levied by the society or govt. bodies irrespective of the property  being rented or not. It shall not include water, electricity, DTH, Internet bills etc, which shall be borne by tenants separately on per-use basis. For purposes of clarity, it is expressly agreed that the Owner’s rental income is based on actual occupancy and this annexure to the Agreement creates no liability on NestAway for rental payment for the period the Scheduled Property remains fully or partially vacant.

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ANNEXURE D Division of maintenance responsibilities between the Owner and the Tenant

The following Annexure has been prepared in compliance with Model Residential Tenancy Act 2011, a draft by Ministry of Housing & Urban poverty alleviation, Govt. of India. As per this draft Act, the Owner will be responsible for repairs relating to matters falling under Part A and the tenant shall be responsible for matters falling under Part B.

Part A: Structural Repairs to be got done by the Owner 1. Structural Repairs except those necessitated by the damage caused by the tenant.  2. Whitewashing of walls and painting of doors and windows. The owner shall paint the interior, doors & windows at the beginning of the agreement period & thereafter at least once in three years. 3. Changing plumbing pipes when necessary  4. Any major repair due to natural wear & tear of appliances & furniture. The tenant shall  pay for such damages if they cause it. 5. Any repair, replacement & maintenance issues arising during the first two months of the agreement period. Thereafter, the charges for such maintenance shall be borne by tenants.

Part B: Day-to-Day repairs to be got done by the Tenant 1. 2. 3. 4. 5. 6. 7. 8. 9.



Changing of tap washers and taps  Drain cleaning  Water closet repairs  Wash Basin repairs  Bath tub repairs  Geyser repairs  Circuit breaker repairs  Switches and socket repairs, Replacement of bulbs Repairs and replacement of electrical equipment except major internal and external

wiring change  10. Kitchen fixtures repairs  11. Replacement of knobs and locks of doors, cupboard windows etc.  12. Replacement of flynets  13. Replacement of glass panels in windows, doors etc.  14. Periodic maintenance of private gardens and open spaces, if any, let out to the tenant. 15. Periodic maintenance of appliance & furniture.  NestAway shall bear upto total of INR 500 per month worth service visit charges in relation to repair at the scheduled premise including electric, plumbing, furniture & appliance repair. Parts, consumables & service charge in excess of INR 500 incurred during service visit shall  be borne by the tenants or owners as may be applicable based on above clauses.

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Authorization Letter for Rental related Payment Collection

TO WHOMSOEVER IT MAY CONCERN

I, the undersigned, am using services of NestAway Technologies Pvt Ltd, a private limited company registered under the Companies Act, 2013 having its registered office at at #1556, 19th Main, HSR Sector 1, Bangalore 560102 (hereafter referred as “NestAway”) to lease my property located at {$HOUSE_ADDRESS} since {$SERVICE_START_DATE}. I hereby grant full power & authority to NestAway & its representatives to collect any  payment related to leasing of my property including security deposit, monthly rent, utility  payments, maintenance charges, govt. levied dues, if any on my behalf. Any such actions shall be deemed ratified & approved by me. In case you need to contact me for any clarification or verification regarding this, please reach out to me at the following address. Thanking you. Sincerely

{$OWNER_NAME} {$OWNER_PERMANENT_ADDRESS} Email: {$OWNER_EMAIL}

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Authorization Letter for Furnishing of Scheduled Property

I, the undersigned, am using services of NestAway Technologies Pvt Ltd, a private limited company registered under the Companies Act, 2013 having its registered office at at #1556, 19th Main, HSR Sector 1, Bangalore 560102 (hereafter referred as “NestAway”) to lease my property located at {$HOUSE_ADDRESS} since {$SERVICE_START_DATE}. I hereby grant full power & authority to NestAway & its representatives to furnish my  property as per the requirement under the service agreement on my behalf. In case  NestAway pays for such furnishing, I hereby agree to reimburse the amount to  NestAway. In circumstances where NestAway supplies the furnishing, I hereby agree to reimburse the amount to NestAway on submission of invoice. All documentation created by NestAway on my behalf to this effect shall be deemed ratified & approved by me. In case you need to contact me for any clarification or verification regarding this, please reach out to me at the following address. Thanking you. Sincerely

{$OWNER_NAME} {$OWNER_PERMANENT_ADDRESS} Email: {$OWNER_EMAIL}

{if $MIN_GUARANTEE == ‘yes’}

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FURNITURE & APPLIANCE BUYBACK ANNEXURE

 NestAway undertakes to buyback furniture & appliances from owner if the following conditions are met. 1. The owner furnishes the house with new furniture & appliances via facilitation with  NestAway. 2. The owner requests for buyback during the agreement period. 3. The furniture & appliance buyback is requested within {$BUY_BACK_TIME_PERIOD_MONTHS} months from the agreement effective date.

4. The entire set of furniture & appliances that are bought new with NestAway’s facilitation are offered for buyback.

The buy-back price would be governed by buy-back schedule as mentioned below.

Asset Type

Buy-back price in 0 to 3 months

Buy-back price in 3 to 6 months

Buy-back price in 6 to 12 months

Furniture

95% of the value

90% of the value

80% of the value

Appliances

95% of the value

90% of the value

80% of the value

Kitchenette

80% of the value

50% of the value

20% of the value

Asset Type

Buy-back price in 12 to 15 months

Buy-back price in 15 to 18 months

Buy-back price in 18 to 24 months

Furniture

70% of the value

60% of the value

50% of the value

Appliances

70% of the value

55% of the value

40% of the value

Kitchenette

10% of the value

5% of the value

1% of the value

{/if}

{if $SECURITY_BY_NESTAWAY == ‘yes’}

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ANNEXURE F DEPOSIT SLIP

OWNER NAME PROPERTY ADDRESS ADVANCE DEPOSIT AMOUNT PAYOR DETAILS

{$OWNER_NAME}

{$HOUSE_ADDRESS} {$SECURITY_DEPOSIT}

PAYMENT DATE PAYMENT MODE

 NestAway Technologies Pvt Ltd #1566, 19th Main, HSR Layout 1, Bangalore - 560102 {$PAYMENT_DATE} {$PAYMENT_MODE}

PAYMENT DETAILS

{$PAYMENT_DETAILS}

I hereby accept receipt of the deposit amount in formed of refundable security deposit as specified above. I further confirm that the said amount is in lieu of the property offered on lease by me.

 ___________________ 

Owner’s Signature {$OWNER_NAME} {$OWNER_PERMANENT_ADDRESS} Email: {$OWNER_EMAIL} {/if}

{if $POA_ASSIGNED == ‘yes’}

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