RENTAL AGREEMENT
This Rental Agreement is made and executed on the ________________________________
_____________________________at XXX location by and between:
Sri ____________________________________ S/o________________________________
Age________________________
Hereinafter called the TENANT which expression shall mean and include his heirs, legal
representatives, successors, executors, administrators and assignees.
IN FAVOUR OF
Sri. ___________________________________________S/o________________________
Age ____________________.
Where as the above named owner is the absolute owner and possessor of _________(Address of the property) being a two bedroom flat including Car Parking. Where as the above named owner is residing at __________(Location) and intended to offer the schedule premises on rent for which the above named tenant approached the owner and requested to give the premises on rent to him for which the owner agreed to the following terms and conditions:
1. It is agreed between the parties herein that the rent for the schedule premises is Rs.____ (Rupees __________(in words) Rupees only)
2. The tenancy starts from ____(date) a period of eleven months as per English Calendar and expires by ____( date).
3. The tenant has deposited a sum of Rs. _______ with the owner towards security deposit, which is refundable by the owner at the time of vacating the schedule premises by the tenant, and the said security deposit will not carry any interest.
4. The tenant shall pay the monthly rent every month as per English Calendar on or before 10th of
the month and the tenant shall not keep any rent in arrears including hire charges for fixtures. In the event of Tenant falling in arrears in payment of rent and hire charges for fixtures, the owner is at liberty to terminate this rental agreement and demand the Tenant to vacate the schedule premises without any further notice. The present agreement which is being executed for a period of 11 months shall be renewed with the mutual consent of both the parties with further terms and conditions as agreed between them if agreed to confirm further 10% rent raise every year of rent prevailing at that time is agreed now or market correction at that point of time new agreement.
5. The present accommodation is given only for residential purpose and that the tenant shall not use for any commercial or other activity. It is agreed by the Tenant that he shall not sublet or induct any third person.
6. The Tenant shall utilize the premises and shall maintain the same in a neat and habitable condition without causing any damages and also shall not store any prohibited goods or explosives which shall cause danger to the premises.
7. It is agreed between the parties herein that the present rental agreement can be terminated at the instance of either parties by giving one month prior notice even before the expiry of the rental agreement.
8. The Tenant shall permit the owner to inspect the schedule premises at all reasonable times without any objection. The Tenant shall obtain a valid rental receipt from the owner only for the rents tendered.
9. The Tenant shall pay the necessary electricity, water charges and maintenance as per Association of Apartment besides the above rent as per the consumption and shall not keep any arrears with the either electricity department or with Hyderabad Metropolitan Water and Sewerage Board and Apartment Association and in the event of the unpaid bills being accumulated the owner shall deduct the same from the deposit at the time of taking over the vacant peaceful possession of the schedule premises. The Tenant is also bound to reimburse the damages, expenses etc., that may arise on account of any fixtures or any damage caused to the premises which shall be deducted from the deposit given by the Tenant, expenses incurred by the landlord above the deposit shall be reimbursed by the Tenant at the time of vacating and handing over the peaceful possession of the schedule premises. The tenant shall not rear pet dogs etc., without prior permission of the Association.
10. The Tenant shall not alter or modify the schedule premises without the prior written consent of the owner. He shall also adhear to the rules and regulation of the Association.
11. Any breach of the above terms by the Tenant, the owner is at liberty to proceed for eviction of the Tenant immediately without any further notice and the Tenant shall pay double the rent from the date on which he becomes defaulter.
IN WITNESS WHEREOF the above named parties to this agreement have signed this RENTAL AGREEMENT with their own free will and consent on this day, month and year as mentioned above.
WITNESS
1. TENANT
2. LANDLORD
LIST OF FIXTURES: NEW CONDITION
1) Tube Lights to all rooms : __ Nos
2) Ceiling Fans __ Nos. to all rooms
3) Washbasins - __ Nos.
4) 100watts bulbs – __ No.
The tenant shall replace all the fixtures and fittings by himself at his own cost.
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