Rent agreement format | simple house rent agreement format in word

RENT AGREEMENT

 

The rent agreement is executed at _____on ___day of ______2021. 

 

Mr/Mrs.______________s/o, W/o__________,R/o _____________(his/hers executors, administrators and assignee) of the FIRST PARTY- Landlord.

AND 

Mr./Mrs.______________S/o,W/o______________,R/o ______________,Here in after referred to as the “Tenant” (which term shall include his heirs executors and administrators and assignees) of the SECOND PARTY- TENANT.

 

NOW IT IS AGREED BY AND BETWEEN THE PARTIES AS FOLLOWS:-

 

1- That period of Rent agreement by both the parties for a period of 11 months. The period of rent as per this agreement will be from _________to ________ Tenancy can be renewed further with mutual consent of both parties.

2-The rent of Rs. _______will be paid monthly to the landlord in advance by date ________of every English Calendar month. That the leases/second party had deposited a sum of _________as security deposit which shall be refunded back to the Tenant after deduction of the dues and breakage etc. without interest at the time of vacate of said properties.

3-That day to day maintenance of the premise shall be carried out by the second party at his own cost RWA charges, Society maintenance, Electricity bill will be paid by tenant.

4- If tenants want to vacate premise he will inform by giving one month advance notice to the landlord and if the landlord want to get his premise vacated before expiry of the tenancy period, he will give one month notice to the tenant in advance.

5- That the lessor/lessee shall have an option to terminate the lease by giving one months notice or rent in lieu thereof.

6-  That tenant shall not sublet the premise or part with the possession in whole or part thereof to anyone else in any manner whatsoever.

7- In case tenant defaults in payment of the monthly rent money, the landlord shall be at liberty to require the tenant to vacate the premises forthwith.

8- In the event of breach of the term and conditions of this Rent agreement by the tenant, the landlord shall be at liberty and shall have all right to cancel the agreement by giving one months notice in writing and thereafter the tenant shall have to vacate the said premises within that period. The tenant shall give peaceful possession of the said premises on termination of this deed to the landlord or its authorized agent only in good condition as was taken over by the tenant.

9- THAT THE RENT SHALL BE INCREASED BY 10%  AFTER 11 MONTHS IF THE TENANCY CONTINUOUS AS PER CONSENT OF BOTH THE PARTIES.

10- THAT THE SECOND PARTY SHALL USE THE SAID PROPERTY AS PER, GDA/NAGAR NIGAM, UPAVP AUTHORITY BY LAWS AS APPLICABLE.

11- ELECTRICITY METER READING _________AS ON _____________.

12-  On the expiry of the tenancy period, the tenant shall vacate the premises without any objection whatsoever and without the necessity of any written or oral notice to the tenant by the landlord. Both the parties will observe and adhere to the terms and conditions contained herein above.

 

IN WITNESS WHERE OF THE  parties have set their respective hands on this Rent Agreement on the date and year above written in presence of the witnesses.

 

 Landlord                                                                                   Tenant

 

 

   Witnesses