Rent Agreement

RENT AGREEMENT This RENT AGREEMENT is made on [execution_date] BETWEEN [landlord_name], residing at [landlord_address], hereinafter referred to as "the LANDLORD" (which expression shall include the Landlord's heirs, successors, legal representatives and assigns) of the ONE PART; AND [tenant_name], permanently residing at [tenant_address], hereinafter referred to as "the TENANT" (which expression shall include the Tenant's heirs and legal representatives) of the OTHER PART. WHEREAS the Landlord is the lawful owner of the premises described below and has agreed to let the same to the Tenant, and the Tenant has agreed to take the same on rent, on the terms recorded below. NOW IT IS AGREED AS FOLLOWS: 1. THE PREMISES The Landlord lets to the Tenant the premises situated at [property_address], more particularly described as [property_description] (hereinafter "the Premises"), together with the fixtures and fittings listed in Clause 12. 2. TERM 2.1 The tenancy shall be for a period of [lease_duration_months] months commencing from [start_date]. 2.2 The tenancy may be renewed for a further term by mutual written agreement, with the rent enhanced by [rent_increase_percent]% over the then-prevailing rent, unless otherwise agreed. 3. RENT 3.1 The Tenant shall pay a monthly rent of Rs. [monthly_rent], payable in advance on or before the [rent_due_day] day of each English calendar month. 3.2 Rent shall be paid by bank transfer or other traceable means, and the Landlord shall issue a receipt on demand. 3.3 The rent is exclusive of electricity, water, gas, internet and other utility charges, which shall be borne by the Tenant on actuals. 4. SECURITY DEPOSIT 4.1 The Tenant has paid the Landlord an interest-free refundable security deposit of Rs. [security_deposit], the receipt of which the Landlord acknowledges. 4.2 The deposit shall be refunded to the Tenant within 30 days of the Tenant vacating the Premises and handing over peaceful possession, after adjusting any arrears of rent, unpaid utility charges, and the cost of making good any damage beyond normal wear and tear. 4.3 The Landlord shall not adjust the security deposit against rent during the currency of the tenancy without the Tenant's written consent. 5. USE OF THE PREMISES 5.1 The Premises shall be used solely for [purpose_of_use] purposes. 5.2 The Tenant shall not use the Premises for any unlawful, immoral, hazardous or offensive purpose, nor store any inflammable or prohibited goods therein. 6. TENANT'S OBLIGATIONS The Tenant shall: 6.1 Pay the rent and utility charges punctually; 6.2 Keep the Premises in good and tenantable condition, normal wear and tear excepted; 6.3 Not make any structural alteration or addition to the Premises without the Landlord's prior written consent; 6.4 Not sublet, assign or part with possession of the Premises or any part thereof; 6.5 Permit the Landlord or the Landlord's authorised representative to inspect the Premises at reasonable hours on reasonable prior notice; 6.6 Abide by the rules and bye-laws of the housing society or association of which the Premises form part. 7. LANDLORD'S OBLIGATIONS The Landlord shall: 7.1 Put the Tenant in peaceful possession of the Premises on the commencement date, and not interfere with the Tenant's quiet enjoyment during the term; 7.2 Bear all property taxes, municipal levies and society maintenance charges of a capital nature; 7.3 Attend to major structural repairs, and to repairs necessitated by causes other than the Tenant's negligence. 8. TERMINATION 8.1 Either party may terminate this Agreement before expiry of the term by giving [notice_period_months] months' written notice to the other, or by paying rent in lieu of such notice. 8.2 The Landlord may terminate this Agreement forthwith if the Tenant fails to pay rent for two consecutive months, breaches any material term, or uses the Premises for an unlawful purpose. 8.3 On termination or expiry, the Tenant shall hand over vacant and peaceful possession of the Premises to the Landlord in the same condition in which it was received, normal wear and tear excepted. 9. NO TRANSFER OF OWNERSHIP Nothing in this Agreement shall be construed as creating any right, title, interest or tenancy protection in favour of the Tenant beyond the licence to occupy for the agreed term. 10. DISPUTE RESOLUTION AND JURISDICTION Any dispute arising out of this Agreement shall be subject to the exclusive jurisdiction of the courts having territorial jurisdiction over the Premises. 11. STAMP DUTY AND REGISTRATION 11.1 The stamp duty payable on this Agreement is levied at rates prescribed by the State in which the Premises are situated, and varies between States. 11.2 Under Section 17(1)(d) of the Registration Act, 1908, a lease of immovable property from year to year, or for a term exceeding one year, is compulsorily registrable. Agreements are commonly made for eleven months for this reason. Some States, notably Maharashtra, require registration of tenancy and leave-and-licence agreements irrespective of duration; the position in the relevant State should be confirmed before execution. 11.3 Stamp duty and registration charges shall be shared equally by the parties unless agreed otherwise. 12. FIXTURES AND FITTINGS PROVIDED [fixtures_provided] IN WITNESS WHEREOF the parties have signed this Agreement on the day, month and year first above written. LANDLORD TENANT [landlord_name] [tenant_name] WITNESSES 1. Name: ______________________ Signature: ______________ Address: ______________ 2. Name: ______________________ Signature: ______________ Address: ______________