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--:: RENT AGREEMENT ::--
FIRST PARTY :- _____________________________________________________
(OWNER)
Age: ____ , Occupation : ___________
R/O.
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
SECOND PARTY :- _____________________________________________________
(TENANT)
Age: ____ , Occupation : ___________
R/O.
______________________________________________________
______________________________________________________
______________________________________________________
______________________________________________________
This rent Agreement is hereby executed at Nagpur on this date-____________
between: –
1._________________________________________________________________
(Hereinafter called the first party which expression shall includes her heirs,
executors and assignees of the FIRST PARTY)
2._________________________________________________________
(Hereinafter called the Second party /TENANT which expression shall includes
his/her heirs, executors and assignees of the OTHER PARTY)
WHEREAS, THE OWNER SUFFICIENTLY ENTITLED TO AND OTHERWISE
SEIZED AND POSSESSED OF ALL THAT PIECE AND PARCEL OF
RESIDENTIAL / COMMERCIAL PREMISES
BEARING,__________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
and is interested to let out the same to the second party on monthly rental basis
on the request of the second party and the terms & conditions of which are as
under:-
NOW THIS AGREEMENT WITNESSETH AS UNDER: –
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1- That the rate of the rent of the said premises is settled at Rs.________ /-
(Rupees _________________________________________) per month
(Society maintenance charges will be paid by_____________ and
electricity bills will be paid by ___________) to be paid by the second
party to the first party on ____ day of each English Calendar month in
advance.
Now this agreement of RENT,witnessed in consideration of the license
fee and / or rent,hereby reserve and of the covenants and conditions
herein after contained and on the part of the party No.1/licensor and
party no.2/licensee to be observed the said premises for the party
no.2/licensee’s commercial purpose for a period of _____ months
commencing from
Date : _____________ to ________________.
2- That the period of the tenancy may be extended for its further period only on
the option of the party of the first part and in that event the rate of the rent shall
be increased at the rate of ____% after ____ months on its previous rate.
3- That the second party has paid a sum of Rs.____________ (Rupees
___________________________________________________) to the first party
towards the security deposits which shall be refunded by the first party to the
second party at the time of vacation of the premises in question, after adjusting
all or any dues or arrears of the rent.
4- That no interest on the security amount shall be payable by the first party to
the second party.
5- That in case the second party fails to pay the monthly rent to the first party
consequently for the period of two months, then the second party shall have to
get vacated the premises in question immediately.
6- That the second party shall handover the vacant physical possession of the
rented premises to the first party at the time of expiry of the tenancy period
positively.
7- That the second party shall abide by all the rules and regulations of the local
authority.
8- That the second party shall use the rented premises only for
RESIDENTIAL / COMMERCIAL purpose.
9- That the second party shall pay the electricity, water charges extra then the
said agreed rent to the first party regularly as and when the bills for such
expenses/charges are produced by the concerned authorities/offices.
10- That the second party shall not damage the fittings and fixtures fitted in the
rented premises and shall keep and maintain the same in good condition and shall
also make arrangements for the repairs or replacements of the damaged fittings
and fixtures whatsoever, will be required at his own expenses.
11- That the second party shall not sublet, part with possession assigned the
same to any person in any manner.
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12- That the second party shall not make any constructions as in the rented
premises without the written consent of the first party.
13- That the day-to-day repairs such as fuse, leakages in water taps etc. Shall be
carried out by the second party on his own expenses and the major repairs such
as cracks in walls and buildings etc. shall be born by the first party on his own
expenses when so informed by the second party.
14- That the second party shall permit the first party or any of his authorized
person to enter the said premises at reasonable time for inspection purpose.
15- That the first party shall pay all the taxes such as property tax, house tax,
etc. as are or may hereinafter be assessed by the Local authorities or nay
concerned authorities in respect of the premises in question.
16- That the second party shall have to give one months advance notice in
writing to the first party, in case of his vacating the premises in question before
the expiry period of the tenancy, and the tenancy may also be terminated by the
first by giving 1 months advance notice to the second party for getting the
premises in question vacated.
17- That the parties to this agreement have specifically agreed that the
conditions of the location, accommodation and conditions of the said
property/premises in question the agreed rent is a fair rent and is in the
consequences with the prevalent market rates and second party has accepted it
as a standard rent.
18- That the terms & conditions of this Agreement as stated above shall be
binding on the both parties. The terms and conditions of this agreement are final
and are irrevocable.
19-
___________________________________________________________________
________________________________________________________________
________________________________________________________________
________________________________________________________________
20- Common Terms & Conditions :
• Advance rent payment is applicable on start of the month.
• 1 Month notice shall be applicable to vacate the premises for both the parties.
• Maintenance of furniture/electrical items is borne by tenant.
• Inspection by owner or representative with advance notice.
• Rent Agreement will be renewed with mutual consent.
• Tenant should Follow society rules.
21- Furniture & Fixtures (if any) :
___________________________________________________________________
___________________________________________________________________
___________________________________________________________________
________________________________________________________________
IN WITNESSES WHEREOF, the parties have signed this agreement on the date,
month and year first above written in the present of witnesses at Nagpur.
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DATE : ____/___/___
PLACE : NAGPUR
PARTY DETAILS
Sr. Name of Partner Photo Thumb Signature
No.
1.
(LICENSOR)
2. (LICENSEE)
WITNESSES
Sr. Name of Witness Photo Thumb Signature
No.
1. (Witness No. 1)
2. (Witness No. 2)
