2
Rental Agreement This Rental Agreement is made and executed at Bangalore city on this day the 1 st day of November 2013 by and between: Mr. T.T.John. Hereinafter referred to as the HOUSE OWNER of the one part AND Mr. Rahul S/o K.Ravi Kumar (# 9916209194) aged 29 years residing permanently in “Padayaram”,AVRA 11L,Aksharaveedi Lane,Pettah,Trivandrum,Kerala ,Hereinafter called as TENANT of the other part Whereas the term both the parties shall mean and include their respective heirs, legal representative, administrators, executors, successors and assigns: The HOUSE OWNER is the sole and absolute owner of the schedule property at #11,1 st main,1 st Cross, Bharathi Layout, SG Palaya, Near srinivasa Theatre. and intends to rent the schedule premise for rent. Whereas, the TENANT who is in need of a residential premises agreed to take the same in consideration of the rent along with conditions stated hereinafter. 1. The TENANT shall pay rent of Rs.8250/- (Rs. Eight Thousand Two Hundred Fifty only) exclusive of Water & electricity charges. 2. The Security Deposit for the above premises is fixed as Rs.40000/- (Rs. Forty Thousand only) and the TENANT has deposited with OWNER the same amount. The said sum shall carry no interest but refundable to the TENANT on the termination of the tenancy after deducting rent arrears, electricity arrears, breakage charges, maintenance charges and other due if any. 3. The OWNER shall have the right to terminate the tenancy, if the TENANT fails to pay the rent regularly well within time or commits breach of any of the terms herein. 5. The TENANT shall use the premises only for Residential purpose and shall not use it for any offensive or objectionable purpose and shall not sublet, under lease or part the possession with any whomsoever or make any alteration thereof. 6. The TENANT shall not cause any damage to the fixed fixtures on the above said property. Any damage caused shall be repaired at the cost of the TENANT. 7. Whereas the TENANT shall vacate the premises on ONE-month notice from the OWNER. Similarly the TENANT can vacate the premises after giving ONE-month notice to the OWNER. However if the TENANT decides to Page 1 of 2

Rental Agreement 2f1 Rahul

Embed Size (px)

DESCRIPTION

Rental Agreement 2f1 Rahul

Citation preview

Rental AgreementThis Rental Agreement is made and executed at Bangalore city on this day the 1st day of November 2013 by and between:Mr. T.T.John. Hereinafter referred to as the HOUSE OWNER of the one part

AND

Mr. Rahul S/o K.Ravi Kumar (# 9916209194) aged 29 years residing permanently in “Padayaram”,AVRA 11L,Aksharaveedi Lane,Pettah,Trivandrum,Kerala ,Hereinafter called as TENANT of the other partWhereas the term both the parties shall mean and include their respective heirs, legal representative, administrators, executors, successors and assigns:

The HOUSE OWNER is the sole and absolute owner of the schedule property at #11,1st main,1st Cross, Bharathi Layout, SG Palaya, Near srinivasa Theatre. and intends to rent the schedule premise for rent. Whereas, the TENANT who is in need of a residential premises agreed to take the same in consideration of the rent along with conditions stated hereinafter.

1. The TENANT shall pay rent of Rs.8250/- (Rs. Eight Thousand Two Hundred Fifty only) exclusive of Water & electricity charges.

2. The Security Deposit for the above premises is fixed as Rs.40000/- (Rs. Forty Thousand only) and the TENANT has deposited with OWNER the same amount. The said sum shall carry no interest but refundable to the TENANT on the termination of the tenancy after deducting rent arrears, electricity arrears, breakage charges, maintenance charges and other due if any.

3. The OWNER shall have the right to terminate the tenancy, if the TENANT fails to pay the rent

regularly well within time or commits breach of any of the terms herein.

5. The TENANT shall use the premises only for Residential purpose and shall not use it for any offensive or objectionable purpose and shall not sublet, under lease or part the possession with any whomsoever or make any alteration thereof.

6. The TENANT shall not cause any damage to the fixed fixtures on the above said property. Any damage caused shall be repaired at the cost of the TENANT.

7. Whereas the TENANT shall vacate the premises on ONE-month notice from the OWNER. Similarly the TENANT can vacate the premises after giving ONE-month notice to the OWNER. However if the TENANT decides to vacate the schedule premises within 5-month of the tenancy agreement period (including one month notice period), then the agreement breakage charges of Rs.8250/- (Rupees Seven Thousand Two Hundred Fifty Only) shall be deducted from the security deposit.

8. The TENANT has to pay the Electricity charges regularly well before the due date as recorded in the separate meter, failing to comply with the same shall invite penalty.

9. The TENANT has to clean wash regularly during the stay period maintaining the premise in prime condition and repaint at the time of vacating the premises irrespective of the period of stay.

10. The TENANT at the time of vacating the schedule premises shall not ask/demand any compensation from the OWNER at any cost and shall handover the vacant possession only in AS good and tenantable condition AS let.

SCHEDULE OF PROPERTY:All that piece and parcel of the residential accommodation on the Room no:5,2nd Floor, #11,1st main,1st

Cross, Bharathi Layout, SG Palaya, Near srinivasa Theatre Bangalore - 560029 Consisting of 1 Bedroom, attached

Page 1 of 2

Western Style Toilet & Bath, Hall, Kitchen including common passage.

In witnesses whereof the parties have set their respective hands onto this agreement, of the day-month-year first written above.

WITNESSES HOUSE OWNER

1.2. TENANT

Page 2 of 2