Simple Rental Agreement, Rental
Agreement Example,
LEAVE &
LICENSE AGREEMENT / RENT AGREEMENT
This rental agreement is made on the (Date), (month) (Year)
at (District) between Mr. ______________________ S/O ______________________,
Residing at___________________________, hereinafter called the “OWNER”
which term shall mean and include whatever the context so admits and permits
their legal successors, legal representative, executors, administrators and
assigns of ONE PART
AND
Mr. ______________________
S/O ______________________, Residing at___________________________, hereinafter
called the “TENANT” which term shall mean and include whatever the
context so admits and permits his/her legal heirs, legal representative,
executors, administrators and assigns of the OTHER PART.
WHEREAS the OWNER
herein is the sole and absolute owner of all that piece and parcel of the Shop
premises, (Shop Address) ___________________________, and WHEREAS THE
TENANT has approached the OWNER to demise the SCHEDULE
mentioned premises on a monthly rental basis for Office purpose for a period of 11
Month on the terms and conditions hereinafter mentioned and the OWNER
has also hereby agreed to demise the schedule mentioned premises to the TENANT
on a monthly rental on the following terms and condition.
- Terms and
Conditions
- The rental agreement shall be initially for a period of 11 Months,
commencing for (Date), (Month) (Year), and shall expire upon completion of 11
Months. - The Tenant will be eligible to use the premises as Office and
Stocking of Goods, as Office purpose. The rental agreement is according to the
English Calendar Month. - The TENANT has agreed to pay the Monthly Amenity
charges on or before the 10th day of every succeeding month for the
demised property more fully described in the - Rs. 5,000/- Per month (Rupees Five Thousand Only) towards
Rent. - Rs. 15,000/- (Rupees Fifteen Thousand Only), Three
months’ rent as a one-time interest-free deposit to be paid by the TENANT
at the time of taking possession of the premises and refunded by the OWNER
at the time of receiving vacant possession of the premises (Refer Point for details) - Apart from the monthly rent, the TENANT shall pay
Maintenance Charges, Electricity Consumption charges (At actual), and Water
Charges if any of the authorities are concerned. The Maintenance of the premises
such as maintenance of the common area, electricity, charges relating to a common
area, and salaries paid to the servants for the maintenance of the Building. - That the OWNER shall have full control over the
supervision and management in respect of the said flat and the TENANT
shall not, in any way, interfere with the owner’s right of maintenance nor the OWNER interfere with the TENANTs rights of quiet &
peaceful undisturbed tenancy & occupation. - The TENANT should keep the demised premises in good
and tenantable condition, as any prudent person would do with his/her property.
- The TENANT shall not use the demised premises for any
purpose other than for which it was let out, nor shall sub-let or sub –lease the
portion let out to him any third party. - The TENANT shall not commit default in the payment of
rents and if the TENANT fails to pay the Monthly rent within the stipulated
time for two consecutive months, the agreement shall stand canceled and the TENANT
shall vacate the premise forthwith. - The TENANT
covenants to keep the demised premises in good and tenantable condition during
the continuance of this agreement and also not make any permanent additions or
alterations in the same. - In case of damage caused by the TENANT to the SAID
PREMISES during the period of use, TENANT shall be held accountable for
compensation and other charges as the case may be and such charges may be
attained from the security deposit amount when the same is refunded upon
completion of the licensing agreement tenure (Vacation of flat). - The TENANT shall handle the fittings and fixtures In
the Demised premises and maintain the same properly. - The TENANT agrees to pay the yearly General
Maintenance charges (The same charges as mentioned in point 4) Directly to the shop
owner. The TENANT pay in proportion to the charges and expenses
incurred for the maintenance of the premises such as maintenance of the common
area, electricity, charges relating to common area, and salaries paid to the
servants for the maintenance of the Building. - The Owner shall pay all taxes and Levies due to Municipal
Corporation. - The TENANT shall not create any untoward disturbance
or nuisance and shall not allow any anti-social person in the SAID PREMISES. - The TENANT shall not keep or store any illegal
inflammable articles or explosives that endanger life and property. - Either The Owner or the TENANT may terminate the rent
agreement by giving written notice 1 (One) month in advance. However, the TENANT
is free to terminate the licensing agreement with a shorter notice period, in which case the monthly rental for the premises & fixtures only for the
period of one month, shall be paid as compensation to the Owner. - That no interest shall be payable on the deposit amount,
which would be refunded by the OWNER after deducting the arrears in rent
and damages if any at the time of TENANT vacating and handing over the
vacant and peaceful possession of the demise premises to OWNER. - That the said agreement shall stand automatically terminated
in case the TENANT fails to comply with the predetermined terms and
conditions of this agreement. - On the Expiry of the Rental Period, this Rent Agreement can
be renewed on the 15% increase of rent per annum, after the expiry of the agreement
and conditions for a further period as mutually decided by both the parties on the execution of a fresh rent agreement.
IN WITNESS WHEREOF, this agreement upon above-mentioned terms and conditions, both the OWNERS and TENANT hereby are
subscribing their respective hands and seals to the day, month, and year first
above written.
SIGNED, SEALED, AND DELIVERED IN THE PRESENCE OF WITNESSES:
Owners:
—————————————- Passport Size Photo
Tenant:
—————————————- Passport Size
Photo
Witness:
1. …………………………………..
2. ………………………………….
Rent Agreement Format doc/word,
Shop Rent Agreement Format pdf,