LEASE AGREEMENT
This RENTAL AGREEMENT is made and executed at [Place] on this [Date] day of [Month], [Year], by and between:
(Name of the Owner),
S/o or D/o [Father’s Name of the Owner],
[Permanent Address of the Owner],
hereinafter referred to as the “OWNER” (which term shall include their heirs, legal representatives, successors, and assigns) of the FIRST PART;
AND
(Name of the Tenant),
S/o or D/o [Father’s Name of the Tenant],
Working/Studying at [Address of the Office/Institution],
Having a permanent address at [Complete Permanent Address of the Tenant],
hereinafter referred to as the “TENANT” (which term shall include their legal representatives, successors, and assigns) of the SECOND PART.
WHEREAS the OWNER is the absolute owner of the property located at [Complete Address of the Rented Property], detailed in Annexure-I, hereinafter referred to as the “Demised Premises”;
AND WHEREAS the TENANT has requested the OWNER to rent the Demised Premises, and the OWNER has agreed to rent the property, including two-wheeler and four-wheeler parking space on the ground floor, for residential purposes only, under the following terms and conditions:
NOW, THEREFORE, THIS AGREEMENT WITNESSETH AS FOLLOWS:
Term of Lease:
The rental period for the Demised Premises shall commence on [Starting Date] and continue until [Expiry Date]. The term may be extended upon mutual consent of both parties.Rent Payment:
The TENANT shall pay the OWNER a monthly rent of Rs. [Amount] (Rupees [Amount in Words]), excluding electricity and water charges. Rent is due on or before the 7th of each month.Maintenance Charges:
The TENANT shall pay a monthly maintenance charge of Rs. [Amount] (Rupees [Amount in Words]) to the OWNER for the maintenance of the generator, elevator, security services, common area electricity, and cleaning of common areas.Elevator and Generator Costs:
The TENANT shall bear the running costs of the elevator and generator, payable separately to the OWNER.Utility Bills:
The TENANT shall be responsible for paying electricity and water bills as per the official readings. The OWNER is responsible for clearing any outstanding utility bills up to the date of handing over possession to the TENANT. Upon vacating the premises, the TENANT must clear all utility bills up to the date of vacating.Security Deposit:
The TENANT shall pay an interest-free refundable security deposit of Rs. [Amount] (Rupees [Amount in Words]) by cheque [Cheque Number] dated [Date]. This deposit shall be refunded upon vacating the premises, after adjusting any dues or damages caused by the TENANT, excluding normal wear and tear.Condition of Premises:
The OWNER shall hand over the premises with all sanitary, electrical, and other fittings in good working condition.Subletting:
The TENANT shall not sublet, assign, or part with the premises, either in whole or part, under any circumstances. The premises shall be used solely for residential purposes.Repairs and Maintenance:
Minor repairs shall be the responsibility of the TENANT. Major or structural repairs shall be the responsibility of the OWNER.Alterations:
The TENANT shall not make any structural alterations without prior written consent from the OWNER. The TENANT may install air-conditioners and other necessary fittings at their own expense, with the right to remove them upon vacating the premises.Inspection Rights:
The OWNER reserves the right to inspect the premises once a month or as required, either personally or through an authorized agent.Compliance with Regulations:
The TENANT shall adhere to all local authority regulations applicable to the premises.Tax and Cess Payments:
The OWNER shall bear all property taxes, cesses, and other statutory charges levied on the premises.Quiet Possession:
The OWNER shall ensure the TENANT’s quiet possession of the premises, free from any claims or demands by third parties.Termination Clause:
Either party may terminate this agreement by providing one month’s prior written notice.Condition of Premises Upon Vacating:
The TENANT shall hand over the premises in good condition, subject to normal wear and tear, upon termination of the rental period.Holdover:
If the TENANT fails to vacate the premises upon termination of the rental period, they shall be liable to pay double the rent as damages for the extended occupancy.Adherence to Agreement:
Both parties shall strictly adhere to the terms and conditions set forth in this agreement.Legal Competence:
Both the OWNER and the TENANT confirm their legal competence to enter into this agreement, having fully understood and agreed upon its contents.Dispute Resolution:
Any disputes arising from this agreement shall be subject to the jurisdiction of the [City] civil courts.- Registration of Agreement:
This Rental Agreement shall be registered with the Registrar, with stamp duty, court fees, and legal expenses shared equally by both parties.
ANNEXURE-I
[Complete Address of the Property], including [Number of Bedrooms] bedrooms, living room, family lounge, kitchen, servant room, and inbuilt fittings such as [Number of Fans], [Number of CFL Lights], [Number of Geysers], [Number of Mirrors].
IN WITNESS WHEREOF, both parties have executed this agreement on the day, month, and year first above written.
WITNESSES:
[Name of the Witness 1]
[Signature of the Witness]
[Address of the Witness]
[Name of the Witness 2]
[Signature of the Witness]
[Address of the Witness]
[Signature of the TENANT]
[Name of the TENANT]
TENANT
[Signature of the OWNER]
[Name of the OWNER]
OWNER
“Disclaimer: This legal form is intended for informational purposes only and does not constitute legal advice. It is essential to consult with an attorney to ensure that it is suitable for your specific circumstances. The use of this form does not establish an attorney-client relationship. Neither I/Juristal nor the government shall be liable for any damages or losses arising from using or relying on this form.”
