RENTAL AGREEMENT This Rental agreement executed at Chennai on this the [DATE] between [NAME], S/o. [NAME], residing at [ADDRESS], aged about [AGE] years, hereinafter referred to as “OWNER” of the ONE PART and [NAME], S/o [NAME], residing at [ADDESS], aged [AGE] years, hereinafter referred to as „TENANT‟ of the OTHER PART. The terms OWNER and TENANT shall mean and include their respective heirs, executors, administrators, legal representatives, successors, and assigns of their part as parties wherever context admits it and includes the same. WHEREAS the OWNER is the sole and absolute owner residential property which is more fully described SCHEDULE hereunder and at the enjoyment of the owner.
………………….…………………… TENANT
of in
the the
……………………………………. OWNER
WHEREAS the TENANT for want of residential purpose approached the owner to let out the same on a monthly rental basis and, the OWNER has agreed to let out the said premises under the following terms and conditions: 01.
The TENANT has paid this day a sum of [AMOUNT] being Security Deposit by cash on which the receipt of the same is herewith acknowledged by the OWNER. The said deposit shall not carry any interest at the time of refund.
02.
The TENANT shall pay the OWNER a sum of [AMOUNT] on or before 5th of every succeeding English calendar month.
03.
The term of this agreement of rent commence from [DATE] and it will remain in force a period of 11 months, which is extendable for further period with the option of TENANT. If not renewed on the 11th month, this Rental Agreement shall stand invalid.
04.
During the term, the Security Deposit amount will not carry any interest and this amount fully refundable to TENANT by OWNER while termination of this agreement after deducting arrears of dues of TENANT such as electricity Bill, damages, rent & etc.
05.
The TENANT is liable to hand over intact, good tenantable condition house property to OWNER at the time of termination of this agreement of rent.
06.
The TENANT shall pay the Electricity Charges in respect of the rented property during the period of rental agreement before the due dates specified by the TNEB.
07.
The TENANT shall not sub-let or under let or part with the possession of the schedule premises with any other third party without the consent of the OWNER.
08.
The TENANT is liable to allow the OWNER or his representatives to inspect the house premises at any reasonable hour, in the daytime, with prior intimation, to view the conditions thereof and to effect such repairs as the OWNER is required to do, and to carry out any work and the TENANT shall allow the same to be done without any objection.
………………….…………………… TENANT
……………………………………. OWNER
09.
The TENANT shall be entitled to fix temporary fittings, fixtures and appliances in the rented property with the consent of the OWNER and shall be liberty to remove them while vacating the rented property without causing damage to the construction and walls.
10.
The TENANT shall replace at their cost all the fittings, electrical installments etc., damaged by the TENANT and all expenses for the maintenance of these items shall be borne by the TENANT.
11.
The TENANT shall not make any structural additions or alteration to the rented property.
12.
If any damages occurred due to the negligence of the TENANT, such damages will be borne by the TENANT OR such charges will be deducted from the security deposit amount
13.
The OWNER shall pay the Urban Tax, Municipal Taxes and other taxes and outgoing both present and future in respect of the rented property up to date and ensure uninterrupted occupation by the TENANT during the period of rental agreement.
14.
On termination of this rental agreement the TENANT shall hand over vacant possession of the rented property along with the permanent fixtures listed to the OWNER in good condition only.
15.
Either the parties shall give 3 months prior notice at the time of vacating the premises.
16.
The TENANT shall not do any act or deed in contravention to any Government acts, rules & regulations, or conditions or rules imposed by any local bodies like the corporation, CMDA etc..
17.
The TENANT shall not create any untoward disturbance or nuisance and shall not allow any anti-social person in the said premises.
18.
The TENANT shall not keep or store any illegal inflammable article or explosives that endanger life and property.
………………….…………………… TENANT
……………………………………. OWNER
SCHEDULE The premises of Rent Portion in the First/Second/Ground Floor of [ADDRESS], consisting of Two Bed rooms, Hall, Kitchen, two Bathroom & toilets with Electricity and water facilities. It witness whereof the parties above named have set their hands and signature on this [DATE] written at Chennai in the presence of witnesses.
………………….…………………… TENANT
WITNESSES 1
………………………………………………………… Signature
NAME
:
…………………………………………………….
ADDRESS
:
……………………………………………………. ……………………………………………………. …………………………………………………….
2
………………………………………………………… Signature
NAME
:
…………………………………………………….
ADDRESS
:
……………………………………………………. ……………………………………………………. …………………………………………………….
……………………………………. OWNER
