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Format For Lease Deed

Format For Lease Deed

First party/Land Lord : __________

Second party/Tenant : _________

Location of Property : ________

Area of Property : _______

Rent of the Hall : _____/- per month.

Period of Agreement : ___ months w. e. f. ____ to ____

Security : ____/- refundable without any interest.

THIS INDENTURE OF RENT AGREEMENT is executed at ____ on this ____ between ____ S/o ____ resident of ____ (hereinafter called the FIRST PARTY/ LAND LORD), which expression of which shall includes their legal heirs, successors, representatives and the assigns of one part and ____ son of ____ ( hereinafter called the SECOND PARTY/TENANT) which expression of which shall includes his legal heirs, successors, representatives and the assigns of other part.

WHEREAS THE FIRST PARTY are owner in possession of ____ including ___ on the ___ floor and the same is situated at ____ in equal share (hereinafter referred as the Demised Premises). The covered area of the ____ floor approximately ___ Sq. Ft. with electricity connection and Setters installed therein.
WHEREAS the first party have declared and represented unto the second party the demised premises is free from all encumbrances such as gift, litigation, sale, disputes, attachment by way of any decree of the court, liens, injunction, charges and the lessors are legally competent to lease out the said Demised Premises.

Whereas the first party has agreed to give the demised premises i.e. ___ only on the ____ floor and the same is situated at ____ by virtue of this Rent Agreement and the second party has also agreed to take on rent of the above said demised premises for ____.
WHEREAS, the second party declare and represented unto the first party that the second party is the _____.
WHEREAS, the second party further declared and represented unto the first party that the Demised Premises shall be used by the second party only for the ____.

NOW THIS RENT AGREEMENT is executed between the above said parties on the following terms and conditions: –

1- That the rent of the ___ will be ____/- (____ only) per month to be paid by the Second party/second party to the first party on or before the __ day of every month of English calendar in advance. The monthly rent does __ include the electricity, water and maintenance and other charges.

2- That the tenancy shall commence w.e.f. ____ and shall be for a period of __ months (____ months) i.e. upto ____.

3- That the second party has deposited a security amount of ____/- to the first party by ____ which will be refunded by the first party to the second party after the expiry of the period of Rent Agreement without any interest.

4- That the second party shall regularly pay the monthly rent amounting to ____/- of the demised premises to the first party by cash/ Cheque in the names of first party in equal shares payable at ____ in advance against the proper receipt.

5- That the second party shall handed over the vacant and physically possession of the demised premises to the first party at the time of expiry of the tenancy period/Agreement.

6- That in case the second party fails to pay monthly rent to the first party consecutively for the period of two months then the first party shall have to get evicted the above demised premises immediately of this point for non-payments of the two months rent without any intimation and notice.

7- That the first party has installed a electricity meter in the rented premises and the total load of electricity is __ KW with proper sealed if the over load or broken of the seal in the electricity meter is found then the second party shall be responsible for the same and the second party shall be liable for penalty/ charges imposed by the concerned Department/ Authority.

8- That the first party will have no any objection if the second party get the sales Tax /Excise and Telephone connection etc. in the said demised premises in his name.

9- That the second party shall pay the electricity bill to concerned authority/department regularly as per the bill raised by the electricity department for the electricity meter which is installed in the Demised Premises and the receipt of the payment deposited by the second party to electricity department/ concerned authority shall be handed over by the second party to the first party.

10- That the first party shall pay house tax, property tax, to the concerned authority of the Demised Premises.

11- That the second party shall be liable to pay any other Govt. Tax, profession tax, commercial tax, as and when imposed on the said business by the State Govt. /Local Authority or any statutory or auto norms body and the second party will also have to pay the maintenance charges to the society if the same is applicable. Any previous arrears of any kind for the period before the commencement of the rent agreement shall be borne by the first party.

12- That the first party shall not be held responsible for the loss of life or property occurring due to natural calamities and unforeseen circumstances like theft or accidents like earthquake, lightening storms, fire, heavy rain fall etc.

13- That the second party shall not make any addition and alteration in the shape of construction or any structure changes shall be undertaken by the second party in Demised premises in any manner, whatsoever, without the written consent of the first party.

14- That day-to-day minor repairs and maintenance work shall be carried by the second party at their own cost.

15- That the second party shall not sub-let all or any part with possession assigned the above said Demised Premises to any person in any manner.

16- That the second party shall not obstruct or suffer to be obstruct to any common areas, passage or place to access to the demised premises and shall all times prevent their undue use to the annoyance of the first party or other occupants.

17- That the responsibility of the keeping the demised premises of the building and its premises along with drains etc. clean and rest entirely on the second party.

18- That the second party shall not do or allowed to do and kept any illegal activities like drugs, fire ammunitions and shall not store any inflammable or explosive items in the above said Demised Premises, which can be fire hazard. The second party shall not do any unlawful work in the said Demised Premises.

19- That the second party shall abide by all the rules and regulations of the local authority/State Govt./Central, Govt.

20- That the second party shall permit the first party or any of their authorized person to enter in the said rented Hall at reasonable time for the site inspection of the above Hall/Demised Premises.

21- That the second party shall have to give two months advance notice in writing to the first party in case of his vacating the Demised Premises before the expiry period of tenancy/Rent Agreement and the first party shall have to give two months advance in writing to the second party if in case they requires the demised premises before the expiry period of the Deed.

22- That if both the parties will agree to renew or extend the period of the tenancy then a fresh agreement will be executed between the parties and in that event the rate of rent will be increased as per the Market rate of rent.

23- That the rent of the demised premises shall be increased by _% at the end of every year on the rent payable on the immediate preceding month on close of each year. If the second party wants to continue in the said demised premises without having new rent Agreement with the first party then after the period of _ years from the date of the execution of the agreement i.e. ____ then the rent shall be increased by ___% (____ percentage) of the last rent paid which comes to i.e. ____/- per month.

24- That the second party shall be entitled to use the demised premises for ____ purpose only and will not change the nature or name of the Business in the demised Premises.

25- That the second party shall keep the demised premises in good conditions and shall not cause any damages or loss to the rented Demised Premises subject to normal wear and tear of the rented Demised Premises any major items, damages shall be replaced by the first party.

26- That the second party shall be at liberty during the said term of the Agreement to make any additional fittings or fixtures in or to the Demised Premises including air conditioners and other shelves, racks, sub blinds, fittings and water gas elect and sanitary installations, lights and fans and remove the same upon expiry of the Agreement.

27- That the second party shall be at liberty to place name, boards at the entrance or any other suitable place of the Demised Premises only.

28- That if the second party shall make a CHHAJJA/extension outside the above said Demised Premises the second party would do the same at their own cost and risk if in future any amount of charges are to be paid to the concerned authority/local Government/ state Government on account of the same then the first party is no way shall be responsible for the same and the second party shall be responsible for the same.

29- That if in case the state Government/local Authority closes the commercial sites in the said area/residential area then the second party shall vacate the Demised Premises immediately without any notice.

30- That the parties of this Rent Agreement have specifically agreed that the conditions of the location, accommodation and condition of the above said Demised Premises the agreed rent is the fair rent and is in the consequence with the relevant market rates and the second party have accepted it as a standard rent.

31- That it is specifically agreed between the parties that any event of any dispute and differences arises between the parties then, the only ____ courts shall have the jurisdiction.

32- That in case the first party has to go to the court for the recovery of the rent Etc. the second party and the executant will be personally /jointly and severally liable to pay the arrears of the rent, costs and damages incurred by the first party.

33- That the terms & conditions of this Rent Agreement as stated above shall be binding on the both parties. The terms and conditions of this Deed of Lease 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 ____.

WITNESSES:-
1-FIRST PARTY/LANDLORD

2- SECOND PARTY/TENANT


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