Rental Agreement – Tax Portal

Contact Info

  • +91 9551400011
  • info@taxportal.in
  • Mon - Sat : 10:00AM to 07:00PM
  • 2/4 Duraisamy Complex, Ananda Garden, 100 Feet Road Velachery, Chennai - 600 042.

Follow Us

Rental Agreement

Home Rental Agreement

Rental Agreement- Format & Terms

A rental agreement is an official contract signed between the owner of a property and the tenant who wishes to take temporary possession of the property for a said period of time. Also called a rent deed and lease deed, a rental agreement contains basic details of the residential property, the owner of the property, the renter (or tenant, as he is also called), the term of the rental, and the amount of the rent for the said term.

1. Contents of a rental agreement
2. Terms commonly included in a Rent agreement
3. Security deposits
Call Back From Startup Specialist

Contents of a Rental Agreement

Common contents of a rental agreement include:

  • Names of the landlord and tenant and/or their agents.
  • Description of the property.
  • Amount of rent and due dates for payment, grace period, late charges.
  • Mode of rent payment.
  • Methods to terminate the agreement prior to the expiration date and charges if any.
  • Amount of security deposit and the account where it is held.
  • Utilities furnished by the landlord and, if the landlord charges for such utilities, how the charge will be determined.
  • Facilities in the premises which the tenant is entitled to use such as swimming pool, security systems etc.
  • Rules and regulations such as pet rules, noise rules and the penalty for violation.
  • Identification of parking available, including designated parking spaces, if provided.
  • How tenant repair requests are handled and procedures for emergency requests.

 

RENT AGREEMENT

 

This Rent   Agreement is made on this __________ (date of rent agreement) by ________________ (name of the landlord) S/o _______________ (father’s name of the landlord), Add: ___________________________________________________ (residential address of the landlord). Herein after called the Lessor / Owner, Party Of the first part

AND

 

_____________________________ (Name of the proposed company), through its proposed director __________ (name of the director) called Lessee/Tenant, Party of the Second Part

 

That  the  expression  of  the   term ,   Lessor/Owner and  the Lessee/Tenant    Shall mean   and    include   their   legal    heirs   successors ,  assigns , representative  etc. Whereas the Lessor /Owner is the owner and   in possession of the property   No: ______________

_________________________________________________________________________________ (registered address of the company) and  has  agreed  to  let  out   the one office  Room, one Toilet & Bathroom Set on said property, to the Lessee/Tenant and  the Lessee/Tenant   has  agreed  to  take  the  same  on  rent  of Rs. ______/-  (In words) per month.

 

   NOW THIS RENT AGREEMENT WITNESSETH AS UNDER:-

 

  1. That the Tenant/Lessee shall pay as the monthly rent of RS. _________/- (In words)  per  month,  excluding  electricity  and  water charge.

 

  1. That the Tenant /Lessee shall not sub–let any part of the above said demised premised premises to anyone else under any circumstances without the consent of Owner.

 

  1. That the  Tenant  / Lessee  shall   abide  by   all  the  bye  –  laws ,  rules  and regulation, of the local authorities in respect  of the demised premises and shall not do any illegal activities in the said demised premises.

 

  1. That this   Lease   is   granted  for  a  period   of   Eleven  (11)  months  only commencing from ___________ (date of rent commencing from) and  this  lease   can  be  extended further by   both   the   parties  with   their  mutual  consent on the basis of  prevailing rental value  in the market .

 

  1. That the Lessee shall pay Electricity & Water charge as per the proportionate consumption of the meter to the Lessor /Owner.

 

  1. That the Tenant/Lessee shall not be entitled to make structure in the rented premises except the installation of temporary decoration, wooden partition/ cabin, air – conditioners etc. without the prior consent of the owner.

 

  1. That the  Tenant/lessee  can neither  make  addition/alteration in  the said              premises without  the  written  consent of the owner, nor the lessee can sublet          part or entire  premises to any person(s)/firm(s)/company(s).

 

 

Contd: 2/-

 

  1. That the  Tenant/Lessee shall permit  the  Lessor/Owner or his Authorized    agent  to  enter   in  to  the   said  tenanted  premises  for  inspection/general        checking or to carry out the repair work, at any reasonable time.

 

  1. That the Tenant/Lessee shall keep the said premises in clean & hygienic condition and shall not do or causes to be done any act which may be a nuisance to other.

 

  1. That the Tenant/Lessees shall carry on all day to day minor repairs at his/her own cost.

 

  1. That this Agreement  may  be  terminated   before  the expiry of this tenancy period by serving One month prior notice by either  party  for  this intention .

 

  1. That the Lessee shall use the above said premises for Official Purpose Only.

 

  1. That the  Lessee/Tenant  Shall  not  store/Keep any offensive, dangerous, explosive or highly  Inflammable  articles  in  the  said  premises and shall not use the same for any unlawful activities .

 

  1. That the Lessee shall pay the one month’s advance rent to the Lessor the same shall be adjusted in monthly rent.

 

  1. That both the parties have read over and understood all the contents of this agreement and have signed the same without any force or pressure from any side.

 

In WITNESS WHEREOF  the  lessor/Owner  and  the Tenant / Lessee have hereunto subscribed  their  hand  at  ______ (place)  on this  the _____________ (date of rent agreement) year first  above Mentioned in presents of the following Witnesses  

 

WITNESSES:–

 

1.

 

 

 

2.

 

 

 

___________ (name of the landlord)             _________________ (name of the proposed Company)

 

 

 

 

Lessor                                                              Lessee                                                           

Rental Agreement – Sample format

Download Now