Rent Agreement
Rent Agreement
Rent Agreement
This RENTAL AGREEMENT is executed at (PLACE) on this (Date) day of (Month), (Year) by
and between:
(hereinafter jointly and severally called the “OWNER”, which expression shall include
their heirs, legal representatives, successors and assigns) of the ONE PART:
(hereinafter called the “TENANT”, which expression shall include its legal
representatives, successors and assigns) of the OTHER PART.
WHEREAS the Owner is the absolute owner of the property situated at (Complete Address of
the Rented Property) , hereinafter referred to as "Demised Premises".
WHEREAS the Tenant has requested the Owner to grant Rent with respect to the Schedule
Premises and the Owner has agreed to rent out to the Tenant the Property with two-wheeler and
four-wheeler parking space in the ground floor for residential purposes only, on the following
terms and conditions:
1. The rent in respect of the “Demised Premises” shall commence from (Starting Date of
Agreement) and shall be valid till (Expiry Date of Agreement). Thereafter, the same may
be extended further on mutual consent of both the parties.
2. That the Tenant shall pay to the Owner a monthly rent of Rs.(Amount of rent in Numbers),
excluding electricity bill. The rent shall be paid on or before 7th day of each month without
fail.
3. That the Tenant shall pay to the Owner a monthly maintenance charge of Rs.(Amount in
Numbers) towards the maintenance.
4. That during the Rent period, in addition to the rental amount payable to the Owner, the
Tenant shall pay for the use of electricity as per bills received from the authorities concerned
directly. For all the dues of electricity bills till the date the possession of the premises is handed
over by the Owner to the Tenant it is the responsibility of the Owner to pay and clear them
according to the readings on the meter. At the time of handing over possession of the premises
back to the Owner by Tenant, it is the responsibility of the Tenant to pay electricity bill, as
presented by the Department concerned according to the readings on the meter upto the date of
vacation of the property.
5. The Tenant will pay to the Owner an interest-free refundable security deposit of Rs.(Amount
in Numbers) vide cheque no (Cheque Number) dated (date of the cheque) / Cash at the time of
signing the Rent Agreement. The said amount of the Security deposit shall be refunded by the
Owner to the Tenant at the time of handing over possession of the demised premises by the
Tenant upon expiry or sooner termination of this Rent after adjusting any dues (if any) or cost
towards damages caused by the negligence of the Tenant or the person he is responsible for,
normal wear & tear and damages due to act of god exempted. In case the Owner fails to refund
the security deposit to the Tenant on early termination or expiry of the Rent agreement, the
Tenant is entitled to hold possession of the Rented premises, without payment of rent and/or
any other charges whatsoever, till such time the Owner refunds the security deposit to the
Tenant. This is without prejudice and in addition to the other remedies available to the Tenant
to recover the amount from the Owner.
6. That all the sanitary, electrical and other fittings and appliances in the premises shall be
handed over from the Owner to the Tenant in good working condition.
7. That the Tenant shall not sublet, assign or part with the demised premises in whole or
part thereof to any person in any circumstances whatsoever and the same shall be used for
the bonafide residential purposes only.
8. That the day-to-day minor repairs will be the responsibility for the Tenant at his/her own
expense. However, any structural or major repairs, if so required, shall be carried out by
the Owner.
9. That no structural additions or alterations shall be made by the Tenant in the premises
without the prior written consent of the Owner but the Tenant can install air-conditioners in the
space provided and other electrical gadgets and make such changes for the purposes as may be
necessary, at his own cost. On termination of the tenancy or earlier, the Tenant will be entitled
to remove such equipment and restore the changes made, if any, to the original state.
10. That the Owner shall hold the right to visit in person or through his authorized agent(s),
servants, workmen etc., to enter upon the demised premises for inspection (not exceeding once
in a month) or to carry out repairs / construction, as and when required.
11. That the Tenant shall comply with all the rules and regulations of the local authority
applicable to the demised premises. The premises will be used only for residential purposes of
its employees, families and guests.
12. That the Owner shall pay for all taxes/cesses levied on the premises by the local or
government authorities in the way of property tax for the premises and so on. Further, any other
payment in the nature of subscription or periodical fee to the welfare association shall be paid
by the Owner.
13. That the Owner will keep the Tenant free and harmless from any claims,
proceedings, demands, or actions by others with respect to quiet possession of the
premises.
14. That this Rent Agreement can be terminated before the expiry of this tenancy period
by serving One month prior notice in writing by either party.
15. The Tenant shall maintain the Demised Premises in good and tenable condition and all the
minor repairs such as leakage in the sanitary fittings, water taps and electrical usage etc. shall be
carried out by the Tenant. That it shall be the responsibility of the Tenant to hand over the vacant
and peaceful possession of the demised premises on expiry of the Rent period, or on its early
termination, as stated herein-above in the same condition subject to natural wear and tear.
16. That in case, where the Premises are not vacated by the Tenant, at the termination of the
Rent period, the Tenant will pay damages calculated at two times the rent for any period of
occupation commencing from the expiry of the Rent period. The payment of damages as
aforesaid will not preclude the Owner from initiating legal proceedings against the Tenant for
recovering possession of premises or for any other purpose.
17. That both the parties shall observe and adhere to the terms and conditions
contained herein-abov.
18. That the Tenant and Owners represent and warrant that they are fully empowered and
competent to make this Rent. That both the parties have read over and understood all the
contents
of this agreement and have signed the same without any force or pressure from any side.
19. In case of any dispute to this agreement and the clauses herein, the same will be settled in
the jurisdiction of the Calcutta civil courts.
20. That the Rent Agreement will be registered in front of the Registrar and the charges towards
stamp duty, court fee & lawyer/coordinator will be equally borne by the Owner and Tenant.
WITNESSES:
Witness)
Witness)
OWNER TENANT