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Thursday, November 29, 2012

RENT AGREEMENT


RENT AGREEMENT

This Rent Agreement is made on this _____ day __________ between Shri/Shrimati/Kumari _________________________ resident of _____________________ (hereinafter called the Owner of one part) and Shri/Shrimati/Kumari __________________ son/daughter of __________________ resident of Land Lord (hereinafter called the Rent/Tenant of the other part).
The expression Owner and Tenant will mean and include their heirs, successors, executors, administrators and assigns.
Whereas the Owner is the owner and in possession of __________________________hereinafter referred to as the demised premises and is desirous of letting out the said House to the lessee and the lessee is ready and willing to take the same on rent from the Owner on the terms and conditions herein contained.
Now, therefore, it is mutually agreed between the parties as under: 
1. That the Owner has given on rent to the Lessee ___________________________________.
3. That the rent agreement shall be valid for ____ Months and stand renewed automatically thereafter.  After the _____month _______% rent hike automatically.  Monthly Rent is _______/- as Deposit Amount is ___________/-.
4. That the Owner has handed over the actual and physical possession of the demised premises to the Tenant and the Tenant shall always enjoy the peaceful and uninterrupted possession of the demised premises.
5. That the landlord shall have objection if the tenant makes any additions or alterations in the existing house. All maintenance and repair charges would be borne by the tenant. The lessee is authorized/not authorized to sub-let the demised premises to any person of his/her choice.
6. That the Tenant shall be responsible and liable for the water/electricity charges and other dues in respect of the said flat during the tenancy period.
In witnesses where of the Owner and the Tenant have put in their respective signatures to this Agreement on the date and year first above written in the presence of the following witnesses:
  
Witnesses:
Owner


Tenant

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