This Rent agreement is hereby executed at _____ on this _____ day of _____ between:
_____ son of _____ resident of _____ ( hereinafter referred to as First party/landlord) which expression shall mean and include his heirs, successors, legal representatives and assigns etc.
_____ son of _____ resident of _____ (hereinafter called the tenant/Second party) of the other part, which expression shall mean and include his heirs, successors, legal representatives and assigns etc.
Whereas the first party is owner in possession of residential _____ and he has agreed to let out the said flat as monthly rent basis to the second party /tenant
NOW THIS AGREEMENT WITNESSETH AS UNDER: -
1- That the rate of the rent of the said premises is settled at _____/-(_____ only) per month _____ of water, electricity and other incidental charges.
2- That the tenancy shall be effective from _____ day of _____ and shall remain enforced for the period of _____ months.
3- That the _____ party has deposited a sum of _____/- (_____ only) as the security amount, which will be refunded /adjusted at the time of vacating the said premises.
4- That the second party shall use the said premises for the residential purpose.
5- That the second party shall not sublet, part with possession assigned the same to any person in any manner whatsoever.
6- That in case the second party fails to pay the monthly rent to the first party consequently for the period of _____ months, then the second party shall have to get vacated the premises in question immediately.
7- That the second party shall pay the electricity charges as per the bills raised by the _____.
8- That the second party shall not damage the fittings and fixtures fitted in the rented premises and shall keep and maintain the same in good condition and shall also make arrangements for the repairs or replacements of the damaged fittings and fixtures whatsoever, will be required at his own expenses.
9- That the second party shall not make/raise any constructions as well as alteration in the rented premises without the written consent of the first party.
10- That the second party shall permit the first party or any of his authorized person to enter the said premises at reasonable time for inspection purpose.
11- That both of the parties shall have to give _____ month advance notice in writing to each other , in case of vacating the premises in question before the expiry period of the tenancy.
12- That the terms & and conditions as stated above shall be binding on the both parties. The terms and conditions of this agreement are final and are irrevocable.
IN WITNESSES WHEREOF, the parties have signed this agreement on the date, month and year first above written in the present of witnesses at _____.