This Rent Agreement is made at Delhi on the 29.08.2024 between MRS.
ANITA GUPTA W/O SH. N.K. GUPTA R/O D-11/119-120, SECTOR-7, ROHINI, DELHI-110085, (Hereinafter called the FIRST PARTY/OWNER) AND MR. ARUN KUMAR S/O SH. RAKESH KUMAR SONI R/O 83/14, LIC KE, PEECHE, SIKANDRAPURA, RATH, HAMIRPUR, UTTAR PRADESH - 210431, (UID - 2037 7405 9814, DOB - 22/05/2002) (Hereinafter called the SECOND PARTY/ TENANT). The Expression of both the parties wherever they occurs in the body of this agreement shall include their respective heirs, legal representatives, administrators and executors, successors and assigns. NOW WHEREAS the First Party/Owner is the exclusive owner and in Possession of Property PROPERTY NO.D-11/416, 1ST FLOOR, Without Roof Rights, SECTOR-7, ROHINI, DELHI-110085, (Hereinafter Called the FLOOR/ PROPERTY / PREMISES). NOW WHEREAS the first party at the request of the tenant agreed to let out the above said property to the second party / tenant on monthly rent basis on the following terms and conditions:- NOW THIS RENT AGREEMENT WITNESSESTH AS UNDER:- 1. That the tenanted period of the said premises shall be effective from 01.09.2024 and shall be continued for a period of 11 months. There shall be a lock-in period of 6 months from the date of commencement. In case the tenant vacates the property before the lock-in period the security will be forfeited. 2. That the rate of rent of the said property is fixed at Rs.8500/-(Rupees Eight Thousand Five Hundred Only) The tenant is fully satisfied that the rent is just fair and reasonable as prevailing in the areas. The tenant has paid one month’s rent by cheques/ cash to the first party/landlord. 3. That the tenant shall pay monthly rent of the said rented property to the first party on before 01ST Day of every English calendar month in advance through NEFT/RTGS (CHEQUE/ CASH ). 4. That the tenant is not permitted for sub-letting the premises or any kind of Residential/Commercial Activities and to make any type of additions or alterations in the premises and shall use the premises for Residential /Commercial purpose only. 5. That the second party shall Deposit total sum of Rs.15000/-(Rupees Fifteen Thousand Only) as refundable security out of which he/she has paid Rs.7500/-(Rupees Seven Thousand Five Hundred Only) on dated 01.09.2024 and shall further pay a sum of Rs.7500/-(Rupees Seven Thousand Five Hundred Only) on dated 01.10.2024 along with rent to the owner as refundable security of the said rented premises. The rent amount will not be adjusted from the security deposit amount in any case and in any manner. The amount is refundable without interest at the time of vacating the said premises on the expiry of the tenancy period after the adjustments unpaid rent, unpaid bill of electricity water etc. for the period of tenancy and also on account of damages to the property/ fixtures if any. 6. That if the Second party does not vacate the premises even after the expiry of the rent agreement then he will have to pay Rs.1000 per day as penalty in addition to the monthly rent. 7. That if both the parties agree to renew the agreement, the monthly rent will be increased by 10% OR as per the market rent prevailing in the area whichever is higher. 8. That the said premises have been checked by the second party / tenant who is fully satisfied. The tenant shall be responsible for restoration of any broken/ missing/ fittings/ fixtures and day to day repairs such as fuse, leakages of water taps etc. 9. That in the default of payment of rent / charge for even one month: the first party/ owner shall have right to evict the tenant from the said premises. 10.That the tenant /second party is not permitted to mortgage, sublet, assign or part with the possession of said premises to anybody under any circumstances.. 11.That the electricity and water bills of the said rented property shall be paid by the second party to the concerned department/owner as per meter reading from time to time, during the tenancy period and the receipts of the same shall be deposited with the first party, and the second party is liable and responsible for electrical misuse and any other unfair practice for using the electricity during the tenancy period. The first party will not be responsible for the same in any manner. 12.That the owner or his authorized persons shall be entitled to inspect the premises at all reasonable hours and the tenant shall not raise any objection the same. 13.That the second party shall not contravene any of the bye-laws and provisions of the DDA/MCD/DJB/ELECTRICITY authority. 14.That the tenant will not do any illegal work in the above premises in any circumstances, and shall not keep any objectionable item in the said tenanted premises. 15.That the tenant shall handover the peaceful physical vacant possession of said premises as well as all fittings and fixtures in running condition to the owner after the expiry of the tenancy period without any hitch and hesitation. 16.That the tenant/second party undertakes not to use this agreement to borrow any sum of money from any bank/financial institution/ party etc. 17.That the legal hires, executers, administrators and nominees of both the parties will also remain bound by all terms and conditions. 18.That the first party has delivered physical possession of the said rented property to the second party(S) on spot in good condition.
19.That if either of the party wants to vacate the said premises before the expiry of the tenancy period then they will serve one Month’s advance notice to each other(s) and/or pay one month’s rent in lieu thereof. 20.That the minor defects shall be repaired by tenant/second party like leakage of taps, fuses of electricity at his/her own cost. Proper sanitation and cleanliness of the above said premises will be looked after by tenant or second party. 21.That the courts at Delhi, New Delhi shall have jurisdiction in case of any dispute between the above parties regarding said property or any terms mentioned above. 22.That the tenant admits that the terms and conditions in the agreement are fair and reasonable and he/she agrees voluntarily and willfully without any pressure and in their full senses to all these conditions and is residing in premises at his own sweet will. 23.That the first party will not be responsible for any theft or loss, damages or deterioration of any property of the second party or any other persons laying in said premises Or anybody injury or harm to any person in the premises from any cause whatsoever during the tenancy period. IN WITNESS WHEREOFF the parties hereto have signed this agreement on the date First above written in the presence of witnesses at Delhi or New Delhi. WITNESSES: 1. FIRST PARTY (OWNER)
