RENTAL AGREEMENT
This Rental Agreement made and executed at Bangalore on this Date of by and
between:
Mr. Veerabadrappa, residing at 102, 2nd cross Amruathalli Byatrayanpura post,
Bangalore. Here after referred to as the OWNER OF THE ONE PART.
AND
Mr Santhosh GK, S/o. G Krishnaiah, #2558 E block Sahakarnagar Bangalore 92,
hereinafter referred to as the TENANT OF the OTHER PART:
The terms OWNER and TENANT shall mean and include their respective heirs,
executors, administrators, legal representatives, successors, and assigns of their
part as parties wherever context admits it and includes the same.
Whereas, the OWNER is the sole and absolute owner of the residential property
which is more fully described in the schedule hereunder and at the enjoyment of the
owner. Whereas the TENANT for want of residential purpose approached the owner
to let out the same on a monthly rental basis and, the owner has agreed to let out the
said premises under the following terms and conditions.
NOW THIS TENANCY AGREEMENT WITHNESSETH AS FOLLOWS:
1. The TENANT has paid this day a sum of Rs.1, 50,000/-(Rupees One Lakh Fifty
Thousand only) being advance by cash on which is the receipt of the same is
herewith acknowledged by the owner. The said deposit shall not carry any interest at
the time of refund.
2. The Tenant shall pay a monthly rent of Rs 9200/-(Rupees Nine Thousand two
Hundred only) on or before 5th of every English calendar month.
3. The term of this agreement of rent commenced from 1st May 2011 this
agreement, it will remain in force a period of 11 months.
Contd…2….
4. During the term the Security deposit amount will not carry any interest and this
amount fully refundable to TENANT by OWNER while termination of this agreement
or rent after deducting arrears of dues of TENANT such as electricity Bill, damages,
rent & etc., thereon, to which both the parties in due course of the term TENANT
shall pay thereon to the concerned authority as and when it falls due. In addition to
that TENANT himself incurred normal wear and tear maintenance charges out of his
own cost and risk.
5. TENANT is liable to hand over intact, good tenantable condition house property to
OWNER at the time of termination of this agreement of rent.
6. TENANT shall pay the Electricity Charges to the concerned authorities and keep
the bills in tact.
7. The TENANT shall not sub-let or under let or part with the possession of the
schedule premises with any other third part without the consent of the owner.
8. TENANT is liable to allow the OWNER or his representatives to inspect the house
premises.
9. Either the parties shall give 2 months prior notice at the time of vacating the
premises.
10. The TANENT shall paint the schedule premises, or such charges will be
deducted from the security deposit amount. If any damages occurred due to the
negligence of the TENANT, such damages will be borne by the TENANT OR such
charges will be deducted from the security deposit amount.
SCHEDULE
The premises bearing Site No. 2558, E block sahakarnagara Bangalore consisting of
Two Bed rooms, Hall Kitchen, one Bathroom & toilet with Electricity and water
facilities.
In witness whereof this agreement of rent signed by parties, on the day, month and
year above mentioned.
WITNESSES:-
OWNER
TENANT
