Sunday, May 19, 2013

Punjab National Bank Rental Agreement




Dear Residents,

After joining the Society as Managing Committee member in January ’13, I am sharing my understanding for the rental lease agreement with Punjab National Bank in plot A9. I have been  requesting President to include Punjab National Bank Lease Renewal  as a agenda item but so far it has NOT been discussed in our meetings so far.

I am afraid President and few EX managing committee members will renew the lease by themselves just like they did in filing the rejoinder/reply in the High Court case.

Summary:

1* Lok Sewak Society owns the plot A9 and has signed rental lease agreement with PNB. This lease is about to expire and as such the matter needs to be discussed.

2*Residents are Not aware of the “ how much” rent being paid by the bank to our society.

3*To my knowledge the rent being paid is far less than the market rate and society is losing out atleast Rs 3 Lakhs per month.

4*The agreement & the clauses are favoring the Bank. Like Bank can vacate the premises by giving 1 months notice whereby Society CANNOT give any notice for vacating the same

Regards;

V.S.Gupta ( B-29)


Member Managing Committe
Former Director D.D.A
Ph - 9910699579
 





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