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    AGREEMENT

    Uploaded by

    srikanth
    This document outlines the terms of a 11-month lease agreement between a landlord and tenant for residential property. Key details include: - The monthly rent is Rs. 22,000 plus Rs. 2,500 maintenance charges, to be paid by the 5th of each month. Rent will increase 5% annually. - The tenant paid a Rs. 1.5 lakh security deposit. - The tenant is responsible for minor repairs and electricity costs. Major repairs are the landlord's responsibility. - The property can only be used for residential purposes. Subleasing is prohibited. - The tenant must return the property in good condition upon lease end or earlier termination.

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    AGREEMENT

    Uploaded by

    srikanth
    110 views2 pages
    This document outlines the terms of a 11-month lease agreement between a landlord and tenant for residential property. Key details include: - The monthly rent is Rs. 22,000 plus Rs. 2,500 maintenance charges, to be paid by the 5th of each month. Rent will increase 5% annually. - The tenant paid a Rs. 1.5 lakh security deposit. - The tenant is responsible for minor repairs and electricity costs. Major repairs are the landlord's responsibility. - The property can only be used for residential purposes. Subleasing is prohibited. - The tenant must return the property in good condition upon lease end or earlier termination.

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    This document outlines the terms of a 11-month lease agreement between a landlord and tenant for residential property. Key details include: - The monthly rent is Rs. 22,000 plus Rs. 2,500 maintenance charges, to be paid by the 5th of each month. Rent will increase 5% annually. - The tenant paid a Rs. 1.5 lakh security deposit. - The tenant is responsible for minor repairs and electricity costs. Major repairs are the landlord's responsibility. - The property can only be used for residential purposes. Subleasing is prohibited. - The tenant must return the property in good condition upon lease end or earlier termination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    110 views2 pages

    AGREEMENT

    Uploaded by

    srikanth
    This document outlines the terms of a 11-month lease agreement between a landlord and tenant for residential property. Key details include: - The monthly rent is Rs. 22,000 plus Rs. 2,500 maintenance charges, to be paid by the 5th of each month. Rent will increase 5% annually. - The tenant paid a Rs. 1.5 lakh security deposit. - The tenant is responsible for minor repairs and electricity costs. Major repairs are the landlord's responsibility. - The property can only be used for residential purposes. Subleasing is prohibited. - The tenant must return the property in good condition upon lease end or earlier termination.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    1.

    DURATION: The duration of the lease shall be for a period of 11 (eleven) months only,
    commencing from 25-10-2020 and is subject to renewal thereafter under mutually agreed
    terms and conditions by the Landlord and the Tenant.
    2. RENT: The monthly rent payable by the Tenant for the Schedule Property shall be Rs.
    22,000/-(Rupees Twenty Thousand Five Hundred Only) plus maintenance Charges Rs.2,500/-
    (Rupees Two Thousand Five Hundred Only) per month. This amount shall be paid every
    month within the 5th day of the subsequent month. Any further delay tenant needs to pay
    5% extra as penalty.
    3. DEPOSIT: The Tenant has paid to the Landlord a sum of Rs. 1,50,000/- (One lakh Fifty
    Thousand Rupees Only). The Landlord hereby acknowledges the said amount and the same
    shall be held by the Landlord as security deposit during the continuance of the lease and/or
    any extension thereof and shall be repaid to the Tenant free of interest at the end of the
    period of the lease.
    4. ENHANCEMENT: The rent payable to the Landlord by the Tenant as aforesaid in clause no.2
    shall be enhanced by 5% of the last amount at the end of every 11 months.
    5. ELECTRICITY CHARGES: The Landlord has provided separate meter for electricity charges
    consumed by the Tenant and charges shall he paid directly to the concerned department
    regularly.
    6. INTERNAL MAINTAINENCE: The Tenant shall maintain the scheduled property in a state of
    good order and condition and shall not cause any damage or disfigurement to the Scheduled
    Property therein always excepting fair wear and tear. If any damage caused by the Tenant
    the respective amount can be deducted from the security deposit.
    7. LIABLE FOR DAMAGES: It is agreed that any damages caused by the Tenant in the Scheduled
    Property shall be made good by the Tenant promptly.
    8. REPAIRS: The Tenant shall get all minor repairs and replacements of any nature done at its
    own cost but major structural repairs to the schedule premises such as leakage of roof or of
    electricity or replacement of electrical wiring or defective sewerage system and such other
    major defects shall be carried out by the Landlord as and when required.
    9. USAGE: The Scheduled Property shall be used by the Tenant only for Residential Purpose
    and shall not use for any unlawful or business purpose. The Tenant will not store hazardous
    and inflammable articles like explosives and petroleum products.
    10. SUB LEASE: The Tenant shall not be entitled or permitted to assign, underlet or sublet the
    scheduled premises or any part thereof or part with possession of the demised property or
    any part thereof to anybody whatsoever
    11. ADDITIONS AND ALTERATION: The Tenant shall not make any additions or alterations in the
    premises without written consent of Landlord.
    12. PAINTING and REPAIR CHARGES: At the time of vacating Tenant has to pay One Month Rent
    towards Painting Charges and any repairing charges for normal wear and tear, these
    charges will be over and above of any other charges/penalty mentioned in the 14 th and 16th
    condition.
    13. INSPECTION: The Landlord or their representatives shall inspect the Schedule Premises at all
    reasonable hours with prior information.
    14. TERMINATION OF LEASE: The lease shall be determinable under all or any of the
    circumstances, namely:
    i) By the efflux of time
    ii) In the event of non-payment of rent by the Tenant for more than ONE month
    iii) In the vent of breach by either party of the terms, conditions and covenants
    hereof
    iv) By giving Two month's proper notice from either of the parties in writing

    In the event of any of the above said points breached by the tenant, the tenant has to
    vacate the house with immediate effect and pending rent + two months rent (for notice)
    will be deducted in deposit. This penalty will be over and above of any other
    charges/penalty mentioned in the 12th and 16th conditions.

    15. HANDING OVER THE POSSESSION: The Tenant shall deliver back the vacant possession of
    the scheduled premises to the Landlord immediately upon the expiry of the said term or on
    earlier termination if any, in good and tenantable conditions, subject to reasonable wear and
    tear, upon which the Landlord shall return the security deposit free of interest immediately
    to the Tenant without any delay.
    16. If Tenant vacates the premises before 11 months, Tenant are liable to pay One Month Rent
    as Penalty, this penalty will be over and above of any other charges/penalty mentioned in
    the 12th and 14th condition.

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