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40BC 375827
03829257
13 April 2020
RENTAL AGREEMENT
This Agreement of Rent was executed at Chennai on this 01st of April,
2020 between Mr.Saravanan Aged 40 residing at Old No.9, New No.10 First Floor, 2nd Street Kalaigar Nagar, Taramani, Chennai-600113 (Here in after referred to as LESSOR) and Mr. Naresh Maddisetty residing at Old No.9, New No.10 Ground Floor, 2nd Street Kalaigar Nagar, Taramani, Chennai- 600113 (Here in after referred to as LESSEE). Whereas the Lessor is desirous of giving on rent the premises and the Lessee of taking on rent the same. It is now agreed that the Lessor shall give the Lessee shall take the premises on rent on the following terms and conditions:
1. That the term of lease would be for Twelve months only beginning on 01st April 2020.The contract for tenancy period can be renewed for further period of Twelve months, which will of-course be with the written consent of the Lessor on the terms and condition to be settled then.
[-Internal-] 2. That the Lessee have paid security deposit of Rs. 35,000/- (RUPEES THIRTY FIVE THOUSAND ONLY) by cash today duly acknowledge by Lessor and which will be returnable at the time of expiry of the Lease Agreement, after deducting all the dues, if any from the Lessee including the value of the loss to the amenities and property in the premises and which will not carry any interest.
3. Monthly rent of Rs. 9,800 /- (RUPEES NINE THOUSAND EIGHT
HUNDRED ONLY) shall be paid regularly in advance by the Lessee by the 5th of each English calendar month.
4. The Lessor shall pay all taxes including house tax and ground rent as are or hereinafter be assessed on the above premises by the corporation / MMDA or any local authority.
5. The property will be used for residential purpose by not more than 5 persons and will not sublet assigned or otherwise parted with possession of by the Lessee.
6. The Lessee will pay for Electricity (Power and Light), water charges and monthly maintenance charges for building as fixed by the association according to the bills or meter reading as the case may be.
7. The Lessee will carry out day to day repairs such as fuses, leakage of water tapes, etc. as their own cost, but major repairs such as leakage in electricity, bursting of sanitary pipes, cracks will be done by the Lessor at his cost.
8. The Tenancy will be terminable on one month’s notice on either side by the Lessor or Lessee and in case the house is vacated without any notice then the Lessee in lieu of vacating the house without notice will pay one month’s rent.
In Witness whereof the parties hereto have executed this Agreement on the day month and year first herein above mentioned written in the presence of the Witnesses mentioned below.
