RENTAL
AGREEMENT
This Agreement of
rent made and executed on the ____________, 2021, by and between
1. Sri, ___________________, S/o.
Sri _____________________
Residing
at: _______________________________
_________________________________________
____________________________________________
– 560019
Hereinafter referred
to as the landlord of the one part,
2. ____________________________________________
Ltd
Represented
by its Director, Mr. ___________________, residing at No. _________________________________________________________________________________________________________
– 560019
Hereinafter referred
to as the Tenant, which term shall mean and include his successors, an assign
in office, of the Second Part, witnesseth as follows:
Whereas the
Landlord, referred to in part one, is the absolute owner of the house premises,
situated at _________________________________________________________________________________________________________________________
– 560019, which is morefully described the schedule hereto,
Whereas the
Scheduled Property is now lying and the Landlord expressed his willingness to
let it out on Rent.
Whereas, the Tenant
referred to in Second Part above, is in need of premises to carry on its business,
and has approached the landlord to let the Schedule Premises on Rent.
Now this deed of
rent is executed by the Tenant in favour of the Landlord on the terms and
conditions referred to hereinafter:-
1. Monthly Rent: The monthly rent mutually
agreed upon for the Schedule Premises shall be Rs. ____________/- (Rupees _____________________
Only) per month and shall be paid by the Tenant to be Landlord on the 5th
of the following month without fail.
2. Validity: This rent agreement is made and
executed by both the parties for a period of eleven months only. The tenure can
be extended for a further period on mutual consent and in such circumstances,
the monthly rent will be increased by 5% on the rent prevailing in the previous
year.
3. The monthly electricity charges
shall be paid by the Tenant as per the HESCOM Bill for the electricity consumed
by them.
4. The water consumption charges
every month shall be borne by all the tenants on equal sharing basis, as there
is only one meter for the entire premises.
5. The Tenant undertakes to keep
the schedule premises in good and shall noit cause any damage to the schedule
premises during their tenancy. In case of any damage noticed to the scheduled
premises the same has to be made good by the Tenant or the cost of such damage
will be deducted from the Rent Advance, while vacating the premises.
6. The Tenant shall not sublet the
Schedule Premises to any third Party and if found subletting, the rent
agreement will be determined immediately without any further notice.
7. A Period of 2 months prior
notice period would be sufficient to determine the rent agreement for both the
parties.
8. The Schedule Premises has the
following fixtures also: _______ceiling fans, _____________ tube lights and
five bulbs.
9. The Landlord shall handover the
vacant possession of the premises to the Tenant on the receipt of the advance
from the Tenant.
SCHEDULE
PREMISES
Situated on _________floor of
the premises bearing ____________________________________________ – 560019
having a Hall, _______Rooms, ___________Kitchen, Bath/Toilet.
In witness whereof, the parties
to this Rent Agreement, have affixed their signatures, hereunto on the date and
month hereinabove mentioned.
WITNESSES
|
1.
Name
Designation :
Address:
|
TENANT
________________________________
Ltd Represented by Mr.________________ – Director
|
|
1.
Name
Designation :
Address:
|
LANDLORD
|
