RENTAL AGREEMENT
This agreement of tenancy is made and
executed at Bangalore
Between:
Owner
Mr. XXXXXXXX
Door
No:XXXXX,
Street:
XXXXXXX,
Area:
XXXXXXX,
City and
State:XXXXXXX PIN:
Hereinafter referred to as the “LESSOR” (Owner)
of the ONE PART:
Tenant
Mr. XXXXXXXX
Door
No:XXXXX,
Street:
XXXXXXX,
Area:
XXXXXXX,
City and
State:XXXXXXX PIN:
Hereinafter
referred to as the “LESSEE” (Tenant) of the OTHER PART.
Whereas the first party is the
absolute owner of the House, consisting
of one hall, one kitchen, one
bedrooms and bathroom & with electricity and water facility situated at Door No:XXXXX, Street: XXXXXXX,
Area: XXXXXXX, City and State:XXXXXXX and the owner has decided to let out the same to
the said tenant under the following terms and conditions.
Contd…..2
::
2 ::
TERMS AND CONDITIONS:
1)
This rental
agreement is for a period of 11 months
with effect from 1st
April 2013
2)
The LESSEE has paid
a sum of Rs. 50,000/-
(Rupees Fifty Thousand only) towards security deposit to the LESSOR. The
security deposit shall not carry any interest and shall be refunded back to the
LESSEE at the time of vacating the scheduled premises after deducting any
arrears in rent, electricity bills, breakages, cleaning and painting charges.
3)
The LESSEE
further agrees to pay a monthly rent of Rs. 7,500/- (Rupees Seven Thousand Five Hundred only).
The rent for each month shall be paid
on or before 5th of every month (after completion of the month)
4)
In case the
LESSEE wants to vacate the premises before the period available
to them, they should give one month notice, in
writing, or one month rent in lieu of
the notice period. The LESSOR also shall give one month notice to the LESSEE
for terminating the Lease period.
5)
The LESSOR and
LESSEE on mutual agreement can renew this LEASE for a further period of 11
month. In such event the LESSEE shall pay and enhance the rent by 10% upon renewal of this
agreement.
6)
The LESSEE shall not
have any right to claim deduction of rent from the security deposit amount. On
the other hand the LESSEE shall keep paying the rent as agreed.
7)
If the LESSEE
commits any default to pay the rent
regularly on due dates or commit any default to observe or perform any of
the terms here to agreed, the LESSOR
hereby reserves the right to
terminate the LEASE hereto granted and take over possession of the schedule
premises.
8)
The LESSEE shall
bear and pay the electricity consumed to the Karnataka Power Transmission Corporation Limited
as per their monthly bill and pass on the copy of the bill along with the
payment receipt to the LESSOR. Water charges will be in shared basis.
9)
The LESSEE agrees
not to sub-let or under-let the schedule premises in whole or part to any third
person/party.
10)
The LESSEE shall
keep and maintain the schedule premises clean and in good condition
if any damage shall be borne by
the LESSEE
11)
At the time of
vacating the schedule premises, half month rent will be deducted towards painting charges of the
scheduled premises.
12)
The LESSOR shall
have the right to terminate the tenancy if the LESSEE fails to pay the rents
regularly for a consecutive period of two months or commits breach of any of the terms herein
and take possession of the scheduled premises.
10. List of Fittings and Fixtures available in the premises
Ceiling Fans : 2 Nos.
Tube Light : 1 No.
CFL Bulb : 2 Nos.
Lights :
2 Nos.
In witness where
of the LESSOR and the LESSEE have signed the deed of rental agreement on the
day month and year above written
Mr. XXXXX Mr. XXXXXXXXXX
LESSOR
(OWNER) LESSEE (TENANT)
Witness:
1)
2)
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