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Rent Aggariment MintisDocument1

The document is a rental agreement between a landlord (first party) and tenant (second party). It outlines the following key points: 1. The tenant has rented a property from the landlord for residential purposes for 11 months starting April 1, 2016, with the option to renew for up to 24 months total. 2. The monthly rent is Rs. 8,000 payable in advance by the 10th of each month. Rent may increase 20% if renewed after 11 months. 3. The tenant paid a Rs. 10,000 security deposit that will be refunded without interest after vacating the property.

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94 views2 pages

Rent Aggariment MintisDocument1

The document is a rental agreement between a landlord (first party) and tenant (second party). It outlines the following key points: 1. The tenant has rented a property from the landlord for residential purposes for 11 months starting April 1, 2016, with the option to renew for up to 24 months total. 2. The monthly rent is Rs. 8,000 payable in advance by the 10th of each month. Rent may increase 20% if renewed after 11 months. 3. The tenant paid a Rs. 10,000 security deposit that will be refunded without interest after vacating the property.

Uploaded by

olivegreen52
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NOW THIS AGREEMENT WITNESSETH AS

UNDER:-
1 WHEREAS the Second Party has approached to the First Party to let out the above
said property for residential purposes and that landlord is in position to let out the
aforesaid property for renting and tenant is agreeable to accept the same for the
residential purpose.
2 The tenancy has started w.e.f. 01-04-2016 for 11(eleven) months. The tenancy can
be renewed with the consent of First party with fresh terms and conditions up to
24 months. The above rent is fixed and agreed between the two parties and the
Second Party shall have no legal right to challenge it otherwise in any court of law.
3 That the premises in question is let out to the Second party for a period of
11(eleven) months only for the exclusive use of the Second party for residential
purposes only and is not transferable to any other person.
4 That rent for the 11 months as per mutual settlement of the parties is fixed Rs.
8000 (Rupees Eight Thousand only) per month and the same is payable in advance
on or before 10th day of every English calendar month. If the agreement is renewed
after 11 months, rent for next year may be increased by 20% (twenty percent).
5 The period of tenancy above stated can be curtailed by tenant with a clear notice of one
month in writing to landlord and landlord shall also serve one month notice in case
of eviction of the said property to the tenant.
6 Tenant shall not use the rented premises to carry out business in items like arm
& ammunition, dangerous material, fire hazard - material, health - hazard material,
material prohibited by Govt. law etc.
7 Tenant shall not sub-let any portion of the rented premises to anyone else. Tenant is
also not permitted to part with any portion of the rented premises to anyone
else by way of partnership etc.
8 Tenant shall keep the rented premises in good sanitary condition and the same shall be
used after keeping in view the prevailing rules/regulation/bye-laws of the Amritsar
Municipal corporation.
9 The landlord at his own cost will carry out all major repairs to the rented portion.
However, tenant at his own cost will carry out all minor repairs.
10 No addition / alternation of any kind will be done in the rented portion by tenant
without prior consent of landlord, in writing.
11 That the Second Part shall permit the First Party or his / her authorized representative
to enter upon the said premises and when necessary with the prior intimation to the
second party.
12 That the Second Part shall pay electricity and water charges as per meter reading
to the concerned authorities. The above said rental excludes electricity charges.
13 The tenant has paid security amount of Rs. 10,000 (Rupees Ten Thousand Only) to
the landlord which shall be refundable after expiry of the tenancy period without
interest. Landlord and tenant in the presence of Witnesses given below have signed
this Agreement:-

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