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Rental Agreement: ND TH

The rental agreement is between Mr. Premchand, the owner of a shop in Bangalore, and Mrs. Nirmala Jain, who will rent the shop for 3 years to use for business purposes, paying Rs. 800 per month in rent plus electricity charges. Mrs. Jain paid a Rs. 10,000 security deposit and must keep the premises in good condition, only using it for business, and giving 3 months notice to end the agreement.

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hirawat
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© Attribution Non-Commercial (BY-NC)
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52 views

Rental Agreement: ND TH

The rental agreement is between Mr. Premchand, the owner of a shop in Bangalore, and Mrs. Nirmala Jain, who will rent the shop for 3 years to use for business purposes, paying Rs. 800 per month in rent plus electricity charges. Mrs. Jain paid a Rs. 10,000 security deposit and must keep the premises in good condition, only using it for business, and giving 3 months notice to end the agreement.

Uploaded by

hirawat
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 3

RENTAL AGREEMENT

This rental agreement is made and executed at Bangalore on this TENTH day of
AUGUST Two Thousand eight (10-08-2008) :

BY: Mr. Premchand P


Son of Late Poonamchand
Residing At # 115/2, (New No.36/4-1) 2nd Main Road,
10th Cross, Chamrajpet,
Bangalore – 560 018
Hereinafter called “LESSOR” (Which term shall mean and include his heirs, successors,
legal representative, administrator and assign) of the first part.

AND BETWEEN: Mrs. Nirmala Jain


W/O of Lalith Jain
Residing at # 147/1-2, A.R.Compound
1st ‘A’ Cross, Azadnagar, Mysore Road,
Bangalore – 560 018.
Hereinafter collectively called the “LESSEE” (Which terms shall mean and include his
heirs, successors, legal representative administrators and assigns) of the Second Part.

WITHNESS AS FOLLOWS:

A. WHEREAS the Lessor is the absolute owner of the Shop in No.147/1-2(New


No.36/4-1) 1st ‘A’ Cross, A.R.Compound Azadnagar, Mysore Road, Bangalore
-18.which consist shop with electricity facilities. The Lessor is willing to let-
out the shop to Lessee and the Lessee are willing to occupy the same for his
Business and agreed for this deed of rental agreement.

B. Whereas the Lessee shall pay the rent of Rs.800/- (Rupees Eight Hundred only)
On or before 5th of every month of the Lessor excluding electrical charges.
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C. Whereas the Lessee paid an Advance Of Rs.10,000/-(Rupees Ten Thousand


Only) i.e. by way of cash before the following witness security deposit amount
Received by Lessor from the Lessee. The said security deposit amount is free
Of interest and refundable at the time of termination or completion of this
agreement.

D. Whereas the Lessee shall pay the Electricity Charges as per bill issued by the
concerned department regularly every month.

E. Whereas the Lessee shall keep the said premises in good order and tenantable
Condition and no complaints should be from the neighbors.

F. Whereas the Lessee shall use said premises for shop, godown, or business
Purpose only.

G. Whereas the Lessee shall not have power to sub-let, underlet, renovate and
Alter the said premises without consent permission from the Lessor.

H. Whereas the Lessee have agreed that the rent shall be payable on or before 5th
Of every month. If the Lessee fail to pay the rent consequently for Three (3)
month ,then the owner has the right to deduct the rent from the deposit amount
After the completion/termination of the agreement or if the Lessee wishes to
discontinue further then the tenant should hand over the position to the owner
And vacate the premises with a same condition as before.

I. Whereas both parties should give Three months prior notice in order to help
Themselves for their resources and alternatives accommodation.

J. Whereas the rental period 3 years from the date of this agreement. After the
Initial period of Eleven (11) Months the rental period may be extended by
Mutual consent of both the parties by increasing the rent 5% for every year.

K. Whereas the original paper of this agreement is retained by the Lessor and
The Xerox copy of the lessee.

L. Whereas as the Lessee paint the said premises at the time of vacation in his own
cost and risk. Neatly or equivalent painting charges will be deducted from the
advance amount.

M. Whereas the Lessee cause any damage to the building fails to pay the rent and
Damages to the fittings etc. during the period of tenancy then the Lessor has
full liberty to deduct such amount in security deposit amount.
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IN WITHNESS WHEREOF THE LESSOR AND THE LESSEE have affixed


their signature to this agreement on the day, month and year first above written.

WITHNESSES:

1.
LESSOR

2. LESSEE

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