Lease agreement format for Residential House. Rent agreement format for Residential Accommodation

Format of lease agreement for residential House is given below. If the lease agreement is for less than 11 months it need not be registered. If the rent agreement is for more than 11 months it is to be registered with the Sub-Registrar in the particular area. Lease Deed for 11 months can be prepared on Rs. 100/- stamp paper.

 

 

LEASE DEED

This Lease Deed  is  made  on  this  the ___________ day of _____ between Sh. / Smt. __________________ Son / Daughter of __________________, Resident of ______________________________ hereinafter  called the  Lessor (which expression unless repugnant  to the context  or  law shall include his/her  heirs  successors, legal representatives and assigns) of the one part

AND

Sh./ Smt ________________________________ Son/ Daughter of Sh. ___________________________________ Resident of ________________________________

hereinafter called the Lessee (which expression  unless repugnant to the context or law shall include its successors, and assigns) of  the other part.

Whereas the Lessor owns the premises being Flat No. _____________________________ consisting of ____ bedrooms, _______ bathrooms/toilets with geysers, one drawing-cum-dinning room and one kitchen along with all the fixtures and fittings described in Annexure I attached hereto as also one covered car parking space.

And Whereas, the Lessee is wants to arrange for residential accommodation for self and family in the said premises.

And Whereas the Lessee is desirous of taking the said flat on rent for the aforesaid purpose and Lessor has agreed to let out the said Flat No. _________________________ on the terms and conditions appearing hereinafter, for a period of __ months.

Now this Lease Deed witnesseth as under:

1. That the Lessor has agreed to leased out the Flat No. _________________ to the Lessee at a rent of Rs._____________/- per month inclusive of maintenance and other charges towards fittings and fixtures for a period of __months commencing from --/--/----, after deduction of tax as required by law.

2. That the flat has been handed over in a good tenantable condition by the Lessor to the Lessee.

3. That the Lessee is fully entitled to request the Lessor for renewal of the lease for a further period of __ months on the same terms and conditions except that the rent would be revised by __% p.a. which is acceptable to the Lessor.

4. That the Lessee shall pay charges for electricity and water consumed as per bills received from the concerned authorities before the due date.

5. That the Lessee shall not make any additions or alterations or structural changes in the said flat provided, however, that the lessee may erect temporary partitions, install air-conditioners, refrigerators, cooking range and other fixtures, fittings and equipment at its own cost and on termination of the lease restore the said flat to its original condition.

6. That all day-to-day minor repairs shall be carried out by the Lessee at its own cost and all major repairs shall be carried out by the Lessor at his own cost. For the said purpose, the Lessee shall permit the Lessor or his authorised agents, surveyors and workmen with all necessary appliances to enter into the flat during working hours to carry out such major repairs, for which the Lessor would, on receiving such request, send a notice to the Lessee in this behalf.

7. That the Lessor will ensure to the Lessee a peaceful and uninterrupted use and enjoyment of the flat during the terms of this lease and extension thereof without any interruption from the Lessor or any of his/her agents.

8. That the lessee shall exclusively use the said flat for residential purposes as mentioned above.

9. That the Lessee shall not keep or store any goods or any other material of a combustible or explosive nature, or cause any nuisance or annoyance to the neighbours and other occupants of the building and shall observe and perform all the rules and regulations and bye-laws as to the use of the building as laid down by the concerned Association/Society of the building from time to time.

10. That the Lessee shall not interfere with the usage of common portions of the building and in no way obstruct the free passage and movement in the common portions reserved for use of other occupants of the building like corridors, common stairs etc.

11. That  the  Lessee  shall  hand  over  the   vacant possession of the said Premises to the Lessor on expiry of lease with  all  fittings and fixtures  in good repair (normal  wear  and tear excepted).

12. That on expiry of the lease period, if the same is not renewed or is determined earlier, for any reason whatsoever, the Lessee shall vacate and voluntarily hand over vacant physical possession of the said premises to the Lessor.

13. That the Lessee and Lessor are at liberty to terminate the lease by sending to the other party one month?s notice.

14. That the Lessor will have the right to terminate the lease in case of breach of the terms of the lease or any other covenant, term or condition contained herein.

15. That in the eventuality of the Lessee vacating the premises under any circumstances, it will be entitled to remove all the fixtures and fittings, air conditioners, refrigerators, cooking range or any other equipments brought in or installed by it in the demised premises.

16. That the Lessee has, at the request of the lessor, deposited a sum of Rs. _____/- as interest free security deposit with the lessor which shall be either refundable at the time of vacation of the premises or be adjusted in the last two months rent before vacating the premises by the lessee.

17. That the lessee is entitled to deduct income tax or any other tax, as may become applicable, out of the payment of rent to the lessor. However, the lessee assures and undertakes that it shall issue the necessary TDS certificates on account of any statutory deductions having been made, within the time prescribed by law.

18. That the lessor shall be a liable for payment of all taxes including property tax, house tax, ground rent, scavenging tax or any other tax cess or charge imposed by any municipal of public authority in respect of the property in question.

19. That the lessor has handed over the premises to the lessee in good tenantable condition, which the lessee accepts. However, any defect or deficiency discovered later on by the lessee would be rectified and attended to by the lessor at her own cost.

20. That the lessee shall not do things which may be of nuisance or annoyance to the neighbours or which may damage the premises of the lessor or any other portion of the building.

21. That the lessor accepts the purpose of use of the subject premises by the lessee. However, in case of any violation of any laws, the lessee would be responsible for the same. In any case, if any permission, approval or license is required, the lessor agrees to sign the necessary papers in that regard.

22. That the lessor and the lessee represent and warrant that they are fully empowered authorized and able to execute this lease and that the lessor shall keep the lessee free and harmless of any demands, claims, actions of proceedings in respect of the said premises.

23. That the lessee shall be required to give a notice in writing to the lessor of its intention to have the lease renewed for a further period of ___ months.

IN  WITNESS  WHEREOF  the Lessor and  Lessee  have  set their  hands to the this Lease Deed on the  day,  month and  year  first  above mentioned in  presence  of  the witnesses signing hereunder:

LESSOR

1.

LESSEE

2.

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