The document is a commercial rent agreement between an owner and tenant. It outlines the terms of renting a property in Banswara, Rajasthan for 11 months at Rs. 3,000 per month. The tenant must pay a Rs. 5,000 security deposit and is responsible for electricity, water and maintenance charges during the rental period.
The document is a commercial rent agreement between an owner and tenant. It outlines the terms of renting a property in Banswara, Rajasthan for 11 months at Rs. 3,000 per month. The tenant must pay a Rs. 5,000 security deposit and is responsible for electricity, water and maintenance charges during the rental period.
The document is a commercial rent agreement between an owner and tenant. It outlines the terms of renting a property in Banswara, Rajasthan for 11 months at Rs. 3,000 per month. The tenant must pay a Rs. 5,000 security deposit and is responsible for electricity, water and maintenance charges during the rental period.
The document is a commercial rent agreement between an owner and tenant. It outlines the terms of renting a property in Banswara, Rajasthan for 11 months at Rs. 3,000 per month. The tenant must pay a Rs. 5,000 security deposit and is responsible for electricity, water and maintenance charges during the rental period.
This rent Agreement is made and executed at Banswara on 27th June 2020, between Mr. Rajmal S/o Dungar Ram R/o Amlifala, Amali Phalan, Narwali, Banswara, Rajasthan - 327027 (hereinafter referred to as Party of the first part/Owner).
And
Mr. Prahlad Kumar Masar S/o Naksi Masar, R/o – 32, Renganiya, Banswara, Narwali, Rajasthan - 327027 (hereinafter referred to as Party of the second part/ Tenant).
WHEREAS the party of the first part is the owner of Premises at Amlifala, Amali Phalan, Narwali, Banswara, Rajasthan – 327027.
THIS RENT AGREEMENT WITNESS AS UNDER:
That the party of the first part is ready and willing to rent out the premises at Amlifala, Amali Phalan, Narwali, Banswara, Rajasthan - 327027
1. That this agreement is valid for 11 month from 27th June 2020 to 27th April 2021.
2. That the party of the second part will pay Rent of Rs. 3,000/- (Rupees Three Thousand Only) per month. The rent shall be paid in advance on or before the 10th day of the month.
3. That rent will be increased by 10 % after eleven months.
4. That the second party shall also pay a sum of Rs.5,000/-(Rupee Five Thousand only) in Cash, as security deposit repayable to the second party on the termination of the Rental Agreement and on giving vacant possession of the property. Should there be any damage to the property of the fixtures and fittings in the said property such amount shall be deducted from the security deposit and the balance amounts due shall be paid to the second party .This deposit shall not bear any interest.
5. That the second party shall pay the Electricity Charges & Water Charges in respect of the rented property during the period of rental agreement before the due dates.
6. That the second party shall not make any structural addition or alteration to the rented property. 7. That on termination of this rental agreement the second party shall hand over vacant possession of the rented property along with the permanent fixtures listed to the first party in good condition only.
8. That the first party shall pay the Urban Tax, Municipal Taxes and other taxes and outgoing both present and future in respect of the rented property up to date and ensure uninterrupted occupation by the second party during the period of rental agreement.
9. That in the event of the second party vacating the building he should give one month notice in writing for the termination of the agreement during the currency of the agreement. In the event of such earlier termination, the first party shall refund to the second party the balance amount standing unadjusted out of the security deposit paid by the second party to the first party soon after the second party handover vacant possession of the said property to the first party.
10. That the second party shall pay the monthly maintenances charges to the RWA.
11. That second party can use the premises for commercial purpose, GST registration and with other government department required for running the business of the second party.
12. That the second party can use the property only for “their own business.” It has no power to sublet, sublease or do any other mode of Business activity without prior permission of the First party.
IN WITNESS WHEREOF both the parties have signed this agreement voluntarily out of their own free will in presence of following witnesses on the day, month and year first above written. Witnesses: -
