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    Rent Agreement of Office

    Uploaded by

    Chaudhary Safdar Ali

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Rent Agreement of Office

    Uploaded by

    Chaudhary Safdar Ali
    10 views2 pages

    Original Title

    RENT AGREEMENT

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    © © All Rights Reserved

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    Download as docx, pdf, or txt
    10 views2 pages

    Rent Agreement of Office

    Uploaded by

    Chaudhary Safdar Ali

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 2

    RENT AGREEMENT OF OFFICE

    This rent agreement of is being executed on 06th day of July, 2017 between

    Mr. Malik Muhammad Iqbal son of Malik Mian Muhammad having CNIC No.36101-7116813-1 R/O
    House No. 150, Faiz Town, Opposite Naqshband Colony, Tehsil & District Multan (hereinafter called
    as LANDLORD-FIRST PARTY)

    AND

    Mr. Waqas Niaz son of Malik Niaz Ahmad having CNIC No.36302-0831497-3 R/O House No. 26,
    Streeti No. 10, New Multan, Tehsil & District Multan (hereinafter called the TENANT-SECOND
    PARTY)

     WHEREAS, the said first party is the absolute owner in possession of Office No. 27-A, Block-B, City
    Housing Commercial Area, Bosan Road, Multan and has agreed to let out the said Office on monthly rent
    basis to the Tenant and Tenant has agreed on the same, with the following terms and conditions.

    1.     That the rent of the above-stated Office has been fixed as Rs. 17,000/-(Rupees Seventeen
    Thousand only) per month (07% increase every year) which will always be paid in advance
    within 01-05th   day of every month, against a receipt in writing of a receipt thereof. Also, a
    refundable Security Deposit of Rs. 90,000/— (Rupees Nineteen thousand only) has been paid
    from the Second Party to first party which is refundable at the time of vacation of the said Office
    by the Second Party adjusting therewith unpaid utility bills, unpaid monthly rent, etc., if any –
    2.     That the tenancy period is for eleven months i.e from 06th July, 2017 to 05th July, 2027.
    3.     That one month’s notice from either party for the vacation of the said Office is mandatory, e.g.
    if Second Party wishes to vacate the said Office and hand over to the First Party or the First Party
    wishes to get the said Office vacated from the Second Party
    4.     That the Second Party is not allowed to make any sort of change in the structure of the Office
    without the written prior approval of the First Party. That the Second Party will utilize the Office
    only and only for the Business purposes within framework of the law and rule of the Islamic
    Republic of Pakistan any illegal activity, detected would tend to revocation of the instant Rent
    Agreement and the Office will be got vacated from Second Party without serving upon him any
    notice in writing
    5. That the Second Party will not sub-let the Office wholly or partially.
    6. That the possession of the Office will physically be handed over to the First Party on the expiry
    of the instant agreement.
    7.     That the Second Party will hand over the possession of the Office back to the First Party in the
    condition it was given to him. He will be fully responsible for repair or replacement of any wear
    and tear in the Office.
    8.     That the Second Party will be solely responsible for the payment of all sort of Utility Bills i.e.
    Electricity, Gas, etc., and give back the paid bills to the First Party.
    9.     That the First Party or his agent(s) shall have the right at all reasonable times during the term of
    this Rent Agreement and any renewal of this Lease Agreement to enter the said Office for the
    purpose of inspecting the premises and / or making any repairs to the premises or other item as
    required under this Rent Agreement.
    10. That breach of any of the above terms and conditions will tend to vacation of the Office by the
    Second Party without serving any kind of notice.

    Now, therefore, this Tenancy Agreement has been drafted, read and understood by both the parties and
    signed before the presents on the date, month and the year mentioned above.

    Landlord-First party                    Second Party-Tenant

    Mr. Malik Muhammad Iqbal                                     Mr. Waqas Niaz

      

    Witness-1. Javed Iqbal                     Witness-2. Safdar Ali

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