A rent agreement is a legal document, also known as contract between the landlord (owner of the property) and tenant for a fixed period of time, that contains the pre-discussed norms and conditions under which the tenant has the temporary possession of the property. A rental agreement is usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term.
Sample Format of Rent Agreement of Residential House is given below.
RENTAL AGREEMENT
THIS AGREEMENT made at _____________, on the day of __________, 20__
BETWEEN
1. Sri. _________________ S/o _______________ Resident of _______________
hereinafter called "the Owner" (which expression shall, unless it be repugnant
to the context or meaning thereof, include their respective heirs, executors,
administrators and assigns) of the ONE PART
AND
1. __________________ S/o _______________Resident of _______________
_______________ hereinafter called "the Tenant" (which expression shall, unless
it be repugnant to the context or meaning thereof include his/her heirs,
executors and/or administrators and assigns) of the OTHER PART
WHEREAS :
The Owner is the absolute owner with all rights of ownership and possession of
the (address of the renting property) (the "Rented Premises"). The Tenant
offered to take on rent the Demised Premises for a monthly rent of Rs.______/-(Rupees
in words).
NOW THESE PRESENTS WITNESS that the parties hereto agree, record and confirm as
under :-
Effective from the __ 20__ the Owner has let out to the Tenant and the Tenant
has taken a tenancy from the Owner the rented premises viz. (address of the
renting property) along with amenities.
The Tenant doth hereby agree with the Owner as under :
1. That the Tenant shall pay the Owner Rs.______/-(Rupees in words) per month
including of maintenance charges on or before the ____ day of each English
Calendar month.
2. The Tenant has deposited with Owner Rs.______/-(Rupees in words) as advance
and security deposit which the Owner hereby acknowledges the said sum shall
carry no interest but refundable to the Tenant on the termination of the
tenancy.
3. The Owner shall have the right to terminate the tenancy if the Tenant fails
to pay the rent regularly for a consecutive period of two or more months;
4. The tenancy shall be in force for a period of eleven months from
___________20__. The tenancy shall be renewed for further period/s mutually
agreed between parties on the terms and conditions.
5. That Tenant shall pay the electricity charges directly for the electricity
consumed in the rented premises as per the metre (fixed by __________
Electricity Dept.) in respect thereof. The Owner shall pay all the Municipal
Taxes and applicable to the property;
6. That the Tenant shall not make any alterations to the rented without the
consent of the Owner. If any alterations or repairs are required the Owner
should be duly informed for the same;
7. The Tenant shall use the premises only for residential purpose and shall not
use it for any offensive or objectionable purpose, and shall sublet under lease
or part the possession to anybody without consent of the Owner.
8. The Owner shall allow the Tenant peaceful possession of any enjoyment of the
premises during the continuance of tenancy provided the Tenant acts up to the
terms of this agreement
9. It is hereby agreed that one month notice on either side is required for the
termination of the tenancy.
Fittings:
1) Tube Lights/CFL Bulbs:
2) Fans:
3) Exhaust Fan:
4) Geysers:
5) Air Conditioners :
IN WITHESSES WHEREOF, THE PARTIES HERETO HAVE EXECUTED THESE PRESENTS OF THE
DAY, MONTH AND YEAR ABOVE WRITTEN.
WITNESSES
OWNER
1.
TENANT
2.
Section 105 "Lease defined"
105. A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised, or of money, a share of crops, service or any other thing of value, to be rendered periodically or on specified occasions to the transferor by the transferee, who accepts the transfer on such terms.
Lessor, lessee, premium and rent defined.
The transferor is called the lessor, the transferee is called the lessee, the price is called the premium, and the money, share, service or other thing to be so rendered is called the rent.
Agreement for Lease of commercial property, Rent agreement for office space
Agreement for License for commercial property, Office space
Agreement for Lease of Residential House, Rent agreement Residential Accommodation
Lease Deed of Residential Property by Power of Attorney Holder
Lease Deed of Commercial Property by Power of Attorney Holder to hire office space
Rent Agreement of Residential Property for use of House for Residence
Rent Agreement of Commercial Property for use of space for Office, shop or business purpose
Leave and License Deed for occupation of property for short period
Lease Deed for lease of land for long period
Deed of Assignment of Lease Agreement to transfer complete right to the Tenant
Lease Deed to lease Plant and Machinery to Lessee for a fixed term
Deed of Sub Lease to give the leased property on sub lease to Third Party
Lease Deed for Lease of space for advertisement purpose