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A and B entered into an agreement for lease of a non-residential house on 01.01.2012 for a period of 11 months. The agreement contained a clause which provided that the agreement could be renewed after the period of tenancy with an increase of rent of Rs. 2000/-. In addition to that A would be required to pay good faith premium of Rs. 5000/- on account of B agreeing to renew the agreement. Till 02.02.2013, A did not make the payment. B demands the payment from A with interest from 01.01.2012. Decide the case. (5 Marks)
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